Answer:
The correct answer is C.
Explanation:
Giving the following information:
Standard variable overhead rate $11.15 per machine hour
The following data pertain to operations for the last month:
Actual hours 8700 machine hours
Actual variable manufacturing overhead cost $95840
To calculate the variable overhead rate variance, we need to use the following formula:
Manufacturing overhead rate variance= (standard rate - actual rate)* actual quantity
Manufacturing overhead rate variance= (11.15 - 95,840/8,700)*8,700= $1,165 favorable
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Answer:
the numbers are missing, so I looked for a similar question:
- investment today = $3,000
- receive $10,250 in 5 years
a) I will use the future value formula to determine the internal rate of return:
future value = present value x (1 + r)ⁿ
- future value = 10,250
- present value = 3,000
- n = 5
10,250 = 3,000 x (1 + r)⁵
(1 + r)⁵ = 10,250 / 3,000 = 3.4166667
⁵√(1 + r)⁵ = ⁵√3.4166667
1 + r = 1.27855826
r = 0.27855826 = 27.86%
b) assuming a $3,000, 27.86%, 5 year annuity, the annual payment will be:
annual payment = principal / FV annuity factor, 27.86%, 5 periods
- principal = $10,250
- PV annuity factor, 27.86%, 5 periods = 8.67633
annual payment = $10,250 / 8.67633 = $1,181.38
Income statement financial statement is prepared last. An income statement is a financial statement that lists the revenue and expenses of the company. Additionally, it displays a company's profit or loss over a specific time frame. You may better comprehend your company's financial situation by comparing the income statement to the balance sheet, cash flow statement, and cash flow forecast.
An income statement displays the revenues, costs, and profitability of a business over time. It is also sometimes referred to as an earnings statement or a profit-and-loss statement. One of the more crucial financial figures you might examine for a company is the income statement.
To learn more Income statement, click here.
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