Performance Bicycle Company makes steel and titanium handle bars for bicycles. It requires approximately 1 hour of labor to make
1 answer:
Answer:
Overhead cost allocated to steel bars = $4.6 6,600 = $30,360
Explanation:
Provided information,
Two products manufactured
Steel Bars and Titanium bars
Number of hours = 1 hour each
Total units produced
Steel = 6,600
Titanium = 3,400
Total hours @ 1 hour for each = 6,600 + 3,400 = 10,000
Total Setup cost = $46,000
Cost per hour based on direct labor hours = $46,000/10,000 = $4.6
Overhead cost allocated to steel bars = $4.6 6,600 = $30,360
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Answer:
Ans. a) $769.27 is the amount of money that you can withdraw every month for 120 months at a rate of 3.2% compounded monthly if you deposit $235.15 every month, for 20 years.
Explanation:
Hi, first we have to turn this compounded rate into an effective rate, in this case, effective monthly, that is by doing the following.
that is 0.267% effective monthly.
Now, we need to take all this annuities to 20 years in the future, which is going to be the present value to use in order to find the amount of moneuy that you can withdraw every month, for 120 months (10 years).
For A = 235.15; r =0,00267; n=240
Now, in order to find the amount of money to withdraw for 10 years, every month, we have to use the following equation.
Since the future value 20 years from now is the present value of the annuity we are looking for, all should look like this.
So the answer is a) $769.27
Best of luck.