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ioda
3 years ago
14

Trak Corporation incurred the following costs while manufacturing its bicycles.

Business
1 answer:
Debora [2.8K]3 years ago
6 0

Answer:

See the explanation below.

Explanation:

Too answer the question, each of the cost items is first explained as follows:

a. Direct materials cost: These materials and supplies that are used when a product is being manufactured.

b. Direct labor: This is labor that is involved in converting materials to finished good. They are directly involved in production.  

c. Manufacturing overhead: These are cost incurred in the process of producing a good.

d. Period costs: These are part of selling and administrative expenses.

Based on the above, each of the costs can be identified as follows:

Bicycle components  $100,000 = direct materials

Advertising expense $45,000 = period costs

Depreciation on plant 60,000 = manufacturing overhead

Property taxes on plant 14,000 = manufacturing overhead

Property taxes on store 7,500 = period costs

Delivery expense 21,000 = period costs

Labor costs of assembly-line workers 110,000 = direct labor

Sales commissions 35,000 = period costs

Factory supplies used 13,000 = direct materials

Salaries paid to sales clerks 50,000 = period costs

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Answer:

The yield to call  is 5.07%

Explanation:

The yield to call can be computed using the rate formula in excel,which is given as :=rate(nper,pmt,-pv,fv)

nper is the number of years to call which is 6 years

pmt is the annual interest coupon payable by the bond,which is :6.75%*$1000=$67.5

The pv is the current price at which the bond is offered to investors. i.e $1,135.25

fv is the price at the bond would be called in six years i.e par value+premium

par value is $1000

premium is $67.5

call price is $1067.5

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rate=5.07%

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3 years ago
Explain the role of finance in business​
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Answer:

Definition 1:

FINANCE is the function in a business responsible for acquiring funds for the firm, managing funds within the firm, and planning for the expenditure of funds on various assets. ... FINANCIAL MANAGEMENT is the job of managing a firm's resources so it can meet its goals and objectives.

Definition 2:

Finance is critical in just about every business decision, from planning and budgeting and cash flow management to the capital structure and how you control risks and costs.

(please note that this was found by doing research.)

Hope this helps!

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The following information was collected for the first year of manufacturing for Appliance Apps: Direct Materials per Unit $2.50
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Answer:

Results are below.

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Total unitary variable cost=2.5 + 1.5 + 0.25 + 1.5

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