Hi there
income from operations=
Sales-(fixed+variable) cost
So we need to variable cost
Variable cost=
Sales-Contribution margin
Contribution margin=
2,100,000×0.35
=735,000
Variable cost=2,100,000−735,000
=1,365,000
Income from operation
2,100,000−(400,000+1,365,000)
=335,000 ....Answer
Hope it helps
Answer:
the Predetermined overhead rate is $95 per machine hour
Explanation:
The computation of the predetermined overhead rate is shown below:
Predetermined overhead rate is
= (Estimated manufacturing overhead cost ÷ Estimated machine hours)
= ($760,000 ÷ 8000)
= $95 per machine hour
Hence, the Predetermined overhead rate is $95 per machine hour
Answer:
B. consists of many different types of costs
Answer:
$45.47
Explanation:
Data provided as per the given question below:-
Stock's Current Price = $35.25
Growth rate = 5.25%
Years = 5
The computation of stock's expected price is shown below:-
Stock's expected price = Stock's Current Price × (1 + growth rate)^5
= $35.25 × (1 + 5.25%)^5
= $35.25 × (1.0525)^5
= $35.25 × 1.29
= $45.47
