Answer:
Instructions are listed below
Explanation:
Giving the following information:
The predetermined overhead rate based on direct labor cost. The information used in setting this rate includes estimates that the company will incur $754,000 of overhead costs and $580,000 of direct labor cost.
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 754000/580000= $1.3 per direct labor dolar
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
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Answer:
Total contribution margin= $76,328
Explanation:
<u>First, we need to calculate the unitary contribution margin:</u>
Unitary contribution margin= 64,960 / 4,000
Unitary contribution margin= $16.24
<u>Now, the total contribution margin for 4,700 units:</u>
Total contribution margin= 16.24*4,700
Total contribution margin= $76,328
Answer:
Price of treasury bill = $9,803.92
Explanation:
<em>The price of the treasury note would be the present value of the future receivable on maturity discounted at the rate of return of 2% per six-month.</em>
The formula is FV = PV × (1+r)^(n)
PV = Present Value- ?
FV - Future Value, - 10,000
n- number of years- 1/2
r- interest rate - 2%
PV = 10,000 × (1.02)^(-1)
PV = 9,803.92
Price of treasury bill = $9,803.92
Government attempts to prohibit monopolization of a market are known as antitrust regulations.