Suppose on august 27, there were 1,455 stocks that advanced on the nyse and 1,553 that declined. the volume in advancing issues
1 answer:
Answer:
trim ratio = 1.15 and bearish
Explanation:
given data
stock = 1,455
decline = 1,553
volume in advancing issues = 852581
volume in declining issues = 1,058312
solution
we get here the trim ration is express here as
trim ratio = (stock ÷ decline) ÷ ( advancing issues ÷ declining issues ) ...............................1
put here value and we get trim ratio
trim ratio =
solve it we get '
trim ratio = 1.15
and here we see trim is greater than 1 so
it is bearish
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Answer and Explanation:
1. The computation of overhead rate based on direct labor cost is shown below:-
Overhead rate = Overhead applied × 100 ÷ Direct labor cost
= 888 × 100 ÷ 1,200
= 74%
2. The Preparation of job-order cost sheet for the four jobs is shown below:
Particulars Job 86 Job 87 Job 88 Job 89
Beginning balance $6,888 $6,820
Direct materials $3,000 $7,000 $2,100 $1,500
Direct labor $800 $6,000 $900 $500
Applied overhead
is 74% of direct labor $592 $4,440 $666 $370
Total $11,280 $24,260 $3,666 $2,370
3. The computation of ending balances of Work in Process and Finished Goods is shown below:-
Work in process of Job 88 = $3,666
Finished goods = Total of Job 86 + Total of Job 89
= $11,280 + $2,370
= $13,650
4. The computation of the Cost of Goods Sold for March is shown below:-
Cost of goods sold is
= Job 87
= $24,260
