Answer:
See below
Explanation:
Required 1
Overhead rate
= Overhead costs ÷ Direct material cost
= [$612,000 ÷ $1,800,000] × 100
= 34%
Required 2
Total cost of job in process
$90,000
Less: Materials cost of job in process
($27,000)
Less: Overhead applied (34% × $27,000)
($9,180)
Direct labor cost
$53,820
Answer:
a)$2,043.14
Explanation:
The discount is applicable when both items are bought together.
the total bill for the two items will be $12,695.95 + $924.95
=$13,620.90
15% discount of $13,620.90
=15/100 x $13,620.90
=0.15 x $13,620.90
=$2,043.135
=$2,043.14
Answer:
1. Increases in demand will increase both the interest rate and the total amount of borrowing and lending. Decreases in demand will decrease both the interest rate and the total amount of borrowing and lending.
Explanation:
Answer:
the expected rate of return of the junk bond = 17%
Explanation:
the expected rate of return of the junk bond = (return if the company makes a profit x probability of the company making a profit) + (return if the company makes goes bankrupt x probability of the company going bankrupt) + (return if the company breaks even x probability of the company breaking even)
the expected rate of return of the junk bond = (40% x 0.3) + (0 x 0.2) + (10% x 0.5) = 12% + 0 + 5% = 17%