Mr. Able wants to set up a tax-deductible fund to be used to support young talented individuals to enhance their abilities. What
1 answer:
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Answer:
$409185
Explanation:
Given: Budgeted output units: 28,475 units
Budgeted machine-hours: 17,085 hours
Budgeted variable manufacturing overhead costs for 28,475 units: $358,785
Actual output units produced: 32,475 units
Actual machine-hours used: 15,000 hours
Actual variable manufacturing overhead costs: $384,060.
First, we will find Budgeted machine hour per unit produced.
Budgeted machine hour per unit produced=
⇒
∴Budgeted machine hour per unit produced= 0.6
Budgeted machine hours allowed for 32475 units=
Budgeted variable overhead rate per machine hour=
Budgeted variable overhead rate per machine hour=
Now, lets find out flexible budget amount.
Flexible budget amount=
Flexible budget amount=
∴Flexible budget amount for variable manufacturing overhead= $409185
Answer:
$880.31
Explanation:
Here for computing the new price of the bond we use the present value formula i.e. to be shown in the attachment
Given that,
Assuming Future value = $1,000
Rate of interest = 8.6% ÷ 2 = 4.3%
NPER = 8 years × 2 = 16
PMT = $1,000 × 6.5% ÷ 2 = $32.50
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after applying the above formula, the new price of the bond is $880.31
