Answer:
overhead rate: $3 per labor hours
Appled overhead for January 25,050 dollars
Applied overhead: 268,800 dollar underapplied by 7,200 dollars
Explanation:
expected overhead: 270,000
cost driver: labor hours.
expected labor hours: 90,000
overhead rate: 270,000 / 90,000 = 3
<u>Applied overhead for January</u>
8,350 labor hours x $3 overhead rate = 25,050
for the year:
89,600 x $ 3 = 268,800
actual overhead 276,000
Difference: 7,200
As the actual cost were higher; the overhead was underapplicated.
we need to capitalize more cost.
Answer:
The expertise acquired by the employees in the company.
- Monthly payment = $753.45
- Interest in first month = $85
First remove the amount paid as down payment:
= 20,000 - 3,000
= $17,000
The amount to be paid monthly is a constant amount which would make it an Annuity.
The $17,000 is the present value of this Annuity so the formula for present value of annuity can be used to find the annuity.
The payment is monthly so the rate and number of periods needs to be converted:
Rate = 6%/12 = 0.5%
Period = 2 x 12 = 24 months
Annuity is:
<em>Present value of Annuity = Annuity x ( 1 - (1 + rate) ^- number of periods) / rate </em>
17,000 = A x ( 1 - ( 1 + 0.5%)⁻²⁴) / 0.5%
17,000 = A x 22.5628662
A = 17,000 / 22.5628662
A = $753.45
The interest in the first month is:
<em>= Interest rate x Amount borrowed </em>
= 0.5% x 17,000
= $85
In conclusion, the monthly payments will be $753.45 and the interest in the first month will be $85.
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<em>Find out more at brainly.com/question/20691724.</em>
Answer:
Dave's team is now in the fifth and the last stage.
Explanation:
There are a total of five stages in team development are as follows
1. Forming: At this stage, the creation of a new group starts, where the members appear collectively and become to understand each other during the communications.
2. Storming: Once the forming stage is completed, the people will start communicating with each other in the context of the responsibility to be performed.
3. Norming: Once the duty of each member is cleared along with the power and responsibility, the group members begin settling in a society.
4. Performing: At this stage, synergy gets built between the group members, where each and everyone acts towards the fulfillment of an objective.
5. Adjourning: This is the fifth and the last stage of group development, where the group is eliminated, and the group members are isolated from each other.
Thus, Dave's team is now in the fifth and the last stage of team development as Dave has arranged a catered lunch for his team members to celebrate last time with his group before separated from each other which is done in the fifth stage is Adjourning stage of team development.
His gross income would be $1 million but he should get some credit for the$400,000 donation as a percentage of that amount so this would reduce his income tax for that year accordingly and benefit him for his generosity.
