Answer:
$1,035
Explanation:
For computing the paying price, first we have to determine the quoted price and the accrued interest which is shown below:
Quoted price would be
= Ask price percentage × par value
= 101.25% × $1,000
= $1,012.50
Now the accrued interest would be
= Par value × coupon rate ÷ 2 × (payment months ÷ total months)
= $1,000 × 9% ÷ 2 × (3 months ÷ 6 months)
= $22.50
Now the paying price would be
= $1,012.50 + $22.50
= $1,035
We assume the par value and the ask price percentage and the payment month is calculated from the April 15 to July 15 and total month is calculated from January 15 to July 15
Answer:
The answer is B. the selling price minus desired profit
Explanation:
The formula for target costing is:
Selling price minus desired profit(profit margin).
Target costing is one of the tools used by management to determine the cost at which a product will be sold for at every stage of its life-cycle.
One of the advantages of target costing is that it enables firms to think about the best way to produce a product at the lowest possible costs
Answer:
units transferred to the next department = units in beginning wip + units started into production - units in ending wip
= 8400 + 52800 - 3700
= 57,500 units
Units completed and transferred out : Conversion
Units transferrd to the next deptt 57,500
cost per unit $9.56
Cost of units completed and transferred out $549,700
Answer:
$429.60 Favorable
Explanation:
Provided information,
Standard Hours for each product = 3 hours
Standard Cost per hour = $14.00
Actual hours used = 198
Actual output = 80 connectors
Standard hours for actual output = 80 3 = 240 hours
Actual Rate = $14.80 per hour
Direct labor cost variance = Standard Cost - Actual Cost
Standard Cost = Standard hours Standard Rae
= 240 $14 = $3,360
Actual Cost = 198 $14.80 = $2,930.40
Variance = $3,360 - $2,930.40 = $429.60
Since actual cost is less than standard variance is favorable.
$429.60 Favorable