Answer:
99.035%
Explanation:
Data provided in the question:
CPI in 1979 = 72.6
CPI in 1993 = 144.5
Now,
The percentage by which prices rise during the period 1979-1999 will be calculated as :
= [ (CPI in 1993 - CPI in 1979 ) ÷ CPI in 1979 ] × 100%
or
= [ (144.5 - 72.6 ) ÷ 72.6 ] × 100%
or
= [ 71.9 ÷ 72.6 ] × 100%
or
= 99.035%
The percentage by which prices rise during the period 1979-1999 is 99.035%
Answer:
$234,606
Explanation:
actual replacement cost = $350,000
effective age = 20 years
total economic life = 65 years
years left = 65 - 20 = 45 years
curable items = $45,000 ⇒ effective age 15 years
value of the property using modified age-life basis = (replacement cost - curable items) x (effective age / total economic life)
= ($350,000 - $45,000) - (15 years / 65 years) = $305,000 - 23.08% = $234,606
Answer:
$750 favorable ; $200 unfavorable
Explanation:
The computations are shown below:
For fixed overhead budget variance:
= Budgeted fixed overhead - actual fixed overhead
= $47,420 - $46,670
= $750 favorable
For fixed overhead volume variance:
= Budgeted fixed overhead - standard fixed overhead cost allocated to production
= $47,420 - $47,220
= $200 unfavorable
Hence we consider all the given information
