Answer:
(a) The Statement of cash flow
Explanation:
Income is ceaseless procedure where no vital vision is required. Since to run everyday activities you have to deal with the income so you can maintain your business admirably and productively.
While for The statement of purpose, company's degree, articulation of corporate goals and organization's systems you should have vital arranging since it will show the region where corporate will run in future.
Answer:
$1,088.12
Explanation:
The formula for calculating monthly repayments is as below.
M= P x <u> r </u>
1 − (1+r)−^n
where p is the loan amount = $220,000
r = 4.3per cent or 0.043 % interest rate per year,
on monthly basis r will be 0.043/12=0.00358%
n = 30 year, which is 30 x 12 months= 360 months
M= $220,000 x <u> 0.00358 </u>
1 - (1+0.00358 ) ^ - 360
M=$220,000 x<u> 0.00358 </u>
1- 0.2762
M = $220,000 x (0.00358 /0.7238)
M = $220,000 x 0.0049461
M = 1,088.12
Monthly payments will be $1,088.12
Answer:
Manufacturing overhead rate(spending) variance= $24,000 favorable
Explanation:
Giving the following information:
Actual direct labor hours= 24,000
Octagon produced 8,000 units and incurred a variable overhead of $120,000.
The hours allowed per unit are 2. The standard variable overhead rate is $3.00 per direct labor hour.
To calculate the variable overhead spending variance, we need to use the following formula:
Manufacturing overhead rate(spending) variance= (standard rate - actual rate)* actual quantity
Actual rate= 120,000/24,000= 5
Manufacturing overhead rate variance= (6 - 5)*24,000
Manufacturing overhead rate variance= $24,000 favorable
