Answer:
The systematic portion of the unexpected return is 1.180% and the unsystematic portion was 0.288%
Explanation:
E(R) = 0.034 + 1.18*(0.108 - 0.034) = 0.12132
R - E(R) = 0.136 - 0.12132 = 0.01468
RM - E(RM) = 0.118 - 0.108 = 0.01
[RM - E(RM)] * Beta = 0.01 * 1.18 = 0.0118 = 1.180%
[R - E(R)] - [RM - E(RM)] * Beta = 0.01468 * 0.0118 = 0.00288 = 0.288%
Answer:
These costs are called overhead cost.
Explanation:
Costs that are incurred as part of the manufacturing process but are not clearly associated with specific units of product or batches of production, including all manufacturing costs other than direct material and direct labor costs, are called overhead cost. These costs can not be associated with specific product so they are allocated to product cost based on estimation.
These cost include accounting fees, advertising, depreciation expense insurance, interest, legal fees, labor burden, rent, repairs, supplies, taxes, telephone bills, travel expenditures, and utilities
These costs are futher divided in two categories that is variable overhead cost and fixed overhead cost.
Answer:
Policy loans are permitted on an interest-free basis.
Explanation:
The universal life insurance policy refers to a policy in which there is a component of an investment saving also it involves less premium that the person has to pay a low premium amount for continuing the policy. It could benefit the beneficiary after the death of the insured person
So according to the given situation ,for option B there is no flexibility available as no policy loans could be permitted without an interest
Answer:
Total= $19.56
Explanation:
Giving the following information:
The basic direct labor rate is $12.00 per hour. Payroll taxes are 13% of the basic direct labor rate, while fringe benefits such as vacation and health care insurance, are $6.00 per hour.
<u>The direct labor standard rate per hour is calculated using the direct labor rate, the taxes and fringe benefits.</u>
Standard direct labor rate:
Direct labor rate= 12
Payroll taxes= (12*0.13)= 1.56
Fringe benefits= 6
Total= $19.56
Answer:
Option C is the correct answer..
A flexible budget is also known as a master budget is incorrect
Explanation:
A master budget is a term used for aggregation of all budgets prepared by all divisions.
