Answer:
(a) Plant wide predetermined overhead rate:


= 30
Manufacturing overhead applied Job A:
= Total direct labor hours × Plant wide predetermined overhead rate
= 15 × 30
= 450
Manufacturing overhead applied Job A:
= Total direct labor hours × Plant wide predetermined overhead rate
= 9 × 30
= 270
(b) Departmental predetermined overhead rates:


= 30


= 1.2
Manufacturing overhead applied Job A:
= (Machining machine hours × 30) + (Assembly direct labor hours × 1.2)
= (11 × 30) + (10 × 1.2)
= 330 + 12
= 342
Manufacturing overhead applied Job B:
= (Machining machine hours × 30) + (Assembly direct labor hours × 1.2)
= (12 × 30) + (5 × 1.2)
= 360 + 6
= 366
Answer: Tangshans required rate of return according to CAPM= 3+1.2*(8-3)
R=9%
Intrinsic Value= 5.5*1.05/0.09-0.05= $144.375
Stock is Overvalued as its intrinsic value is $144.375 but it is selling in the market for $160
Explanation:
Answer:
B. Sue is not required to recognize gross income from the receipt of the funds, but she must reduce her cost basis in the land by $2,000
Explanation:
Are there any choices? I would say black market if that's a choice or if its a write-in question.