The first three steps to allocating manufacturing overhead are taken before the year begins and include all of the following exc
1 answer:
You might be interested in
Answer:
9.16% and 5.95%
Explanation:
The attachment is shown below:
Given that,
Present value = 108% × $1,000 = $1,080
Assuming figure - Future value or Face value = $1,000
PMT = 1,000 × 10% ÷ 2 = $50
NPER = 30 years - 7 years × 2 = 46 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after solving this,
1. The pretax cost of debt is 9.16%
2. And, the after tax cost of debt would be
= Pretax cost of debt × ( 1 - tax rate)
= 9.16% × ( 1 - 0.35)
= 5.95%
Answer:
option (C) 32,750 hours
Explanation:
Data provided in the question:
Actual manufacturing overhead cost = $250,000
Overapplied overhead = $12,000
Predetermined overhead rate = $8.00 per direct labor-hour
Now,
The total Manufacturing Overhead applied last year
= Actual manufacturing overhead cost + Overapplied overhead
= $250,000 + $12,000
= $262,000
Therefore,
Direct Labor Hours worked last year =
or
=
= 32,750 hours
Hence,
The correct answer is option (C) 32,750 hours