Answer:
Percentage total return is 12.64%
Dividend yield is 2.19% or 2%
Explanation:
Computing the percentage total return by using the formula:
Percentage total return = Gain or loss / Initial price × 100
where
Gain or loss is determined as:
Gain or loss = Ending Share price - Initial price
= $98 - $87
= $11 (it is a gain)
Initial price is $87
Putting the values above:
Percentage total return = $11 / $87 × 100
= 12.64%
Computing the dividend yield by using the formula:
Dividend yield = Annual dividend per share / Stock's price per share
where
Annual dividend per share is $2.15
Stock's price per share is $98
Putting the values above:
Dividend yield = $2.15 / $98
= 2.19% or 2%
UHH NO SElectionS? WELL THEN.... IDK
Answer:
a. True
Explanation:
The Activity variance is based on the difference in actual level of activity used in flexible budget and the level of activity accounted in the planning or master budget
Answer:
Cost of goods manufactured= $87100
Explanation
Total manufacturing cost is the aggregate amount of cost incurred by a business to produce goods in a reporting period.
Generally accepted accounting principles require that the cost of goods sold shall consist of:
the cost of direct materials
the cost of direct labor
the cost of manufacturing overhead
Expenses that are outside of the manufacturing facilities, such as selling, general and administrative expenses, are not product costs. They are reported as expenses on the income statement in the accounting period in which they occur.
In this exercise:
<u>Cost of goods manufactured:</u>
Direct materials= $56,000
Direct Labor=$15,600
Factory overhead=Factory supervisor salary+ Depreciation expense+Indirect materials= 10,000 +3,700+1,800= $15,500
Total= $87100
Note: Salesperson commissions and Depreciation expense Delivery equipment are not included in factory overhead
