Answer:
a.$7.43 per machine hour
Explanation:
The computation of the single plant wide rate is shown below:
Single plant wide rate = Total overhead cost ÷ Machine hours
where,
Total overhead cost = $84,000 + $72,000 = $156,000
And, the machine hours is
= 1,000 units × 5 + 2,000 units × 8
= 5,000 + 16,000
= 21,000 machine hours
So, the single plant wide rate is
= $156,000 ÷ 21,000 machine hours
= $7.43 per machine hour
<h3>Betsy’s gross earnings for January period is $1,140
</h3><h3>Betsy’s net pay for January period is $966.79
</h3>
Explanation:
- Betsy Strand’s regular hourly wage rate = $24
- Betsy Strand’s hourly rate for work in excess of 40 hours = $36
- Betsy works during a January pay period = 45 hours.
- Betsy's pay for January period = $24 * 40 + $36 * 5
- Betsy's pay for January period = $1,140
Betsy’s gross earnings for January period is $1,140
- Betsy’s federal income tax withholding = $86
- FICA tax rate = 7.65%.
- Betsy’s FICA Taxes Payable = $1,140 * (7.65 / 100)
- Betsy’s FICA Taxes Payable = $87.21
- Betsy’s net pay for January period = Gross earnings - Federal income tax withholding - FICA Taxes
- Betsy’s net pay for January period = $1,140 - $86 - $87.21
- Betsy’s net pay for January period = $966.79
Betsy’s net pay for January period is $966.79
Answer: 2.09
Explanation:
Given the following ;
Strike price (K) = $50
Price (c) = $6
Rate (r) = 6% = 0.06
Stock price (So) = $51
Time (T) = 1
Recall, relation for a put-call parity(p) is given by:
p + So = c + Ke^-(rT)
p = c + [Ke^-(rT)] - So
p = 6 + [50e^-(0.06 × 1)] - 51
p = 6 + [50×e^-0.06] - 51
p = 6 + (50 × 0.9417645) - 51
p = 6 + 47.0882267 - 51
p = 53.0882267 - 51
p = 2.0882267
p = 2.09
Answer:
54,000 chairs
Explanation:
The computation of the number of chairs at the beginning of the month is shown below:
Inventory at the beginning of the month = Units completed and transferred + ending inventory units - Units started
= 180,000 chairs + 21,000 chairs - 147,000 chairs
= 54,000 chairs
We simply applied the above formula to find out the inventory at the beginning of the month
Answer:
a) 3%
b) the new workers contribute 16,068 dollars
c)$160.68 each
d) the old workers contribute 15,000 when they made his contribution
e) rate of return 7.12%
Explanation:
growth rate: the increase in the workforce:
103 new workers / 100 retired - 1 = 0.03 = 3%
103 workers x 1,040 each x 15% = 16,068
assuming no other employee:
$16,068 pension fund / 100 retired persons = 160.68 dollars each
100 workers x 1,000 each x 15% = 15,000
e) the old retire contribute:
1,000 x 15% = 150
they receive 160.68
rate of return:
160.68 / 150 - 1 = <em>0.0712</em>
