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ivolga24 [154]
3 years ago
11

Before the year​ began, Butler Manufacturing estimated that manufacturing overhead for the year would be​ $176,400 and that​ 13,

800 direct labor hours would be worked. Actual results for the year included the​ following: Actual manufacturing overhead cost ​$185,000 Actual direct labor hours ​ 14,600 The predetermined manufacturing overhead rate per direct labor hour is closest to
Business
1 answer:
grigory [225]3 years ago
3 0

Answer:

manufacturing overhead rate =$12.78

Explanation:

Giving the following information:

Butler Manufacturing estimated that:

Manufacturing overhead $176,400

Direct labor hour 13,800.

Actual results for the year:

The actual manufacturing overhead costs ​$185,000.

Actual direct labor hours ​ 14,600.

We need to calculate the predetermined manufacturing overhead rate per direct hour

manufacturing overhead rate = 176400/13800hours= $12.78

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Answer:

Mr Crane's total return on the bond investment was 5.35%

Explanation:

The return on a bond is also known as it yield to maturity (YTM). In order to find a bonds YTM we need to know its present value, future value, coupon payments and number of years. In this case the bond's present value is 1,055 because it was bought at this price, it's future value is 980 because it was sold for 980, its number of years was 5 as it was held for 5 years and its coupon payment was  (0.07*1000)=70. Now in order to compute return or ytm we need to put all these values in a financial calculator and compute I

PV= -1055

FV= 980

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