Answer:
C. $ 7,500
Explanation:
Estimated direct labor cost $ 100,000
Estimated direct labor hours 20,000 hours
Predetermined rate per direct labor hours $ 5 per direct labor hour
Actual hours used on a job 1,500 hours
Applied overhead based on the predetermined overhead
rate per direct labor hours
$ 5 per direct labor hours * 1,500 hours $ 7,500
The information regarding machine hours is not relevant to the requirements of the question.
Answer:
Total contribution margin= $1,884,180
Explanation:
Giving the following information:
Direct Materials 150
Direct Labor 28
Variable Manufacturing Overhead 25
Variable Selling 16
Sales in units= 10,130
Selling price= $420
Direct material cost= 150*1.1= $165
<u>First, we need to calculate the unitary contribution margin:</u>
Unitary contribution margin= selling price - total unitary variable cost
Unitary contribution margin= 420 - (28 + 25 + 16 + 165)
Unitary contribution margin= $186
<u>Now, the total contribution margin:</u>
Total contribution margin= 10,130*186
Total contribution margin= $1,884,180
Answer:
Answer for the question:
Windsor Inc. issues 500 shares of $10 par value common stock and 100 shares of $100 par value preferred stock for a lump sum of $107,000. (a) Prepare the journal entry for the issuance when the market price of the common shares is $164 each and market price of the preferred is $205 each. (b) Prepare the journal entry for the issuance when only the market price of the common stock is known and it is $184 per share. (Round answers to 0 decimal places, e.g. $1,225. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No. Account Titles and Explanation Debit Credit (a) enter an account title for case A
is given in the attachment.
Explanation:
Answer:
C) Sell £2,278.13 forward at the 1-year forward rate, F1($/£), that prevails at time zero.
Explanation:
given data
State 1 State 2 State 3
Probability 25% 50% 25%
Spot rate $ 2.50 /£ $ 2.00 /£ $ 1.60 /£
P* £ 1,800 £ 2,250 £ 2,812.50
P $4,500 $4,500 $4,500
solution
company holds portfolio in pound. so to get hedge, they will sell that of the same amount.
we get here average value of the portfolio that is
The average value of the portfolio = £ (0.25*1800 + 0.5*2250 + 0.25*2812.5)
The average value of the portfolio = 2278.13
so correct option is C) Sell £2,278.13 forward at the 1-year forward rate, F1($/£), that prevails at time zero.
Answer: $3,704,040
Explanation:
The issue/ selling price of a bond is calculated by the formula:
= Present value of coupon payments + Present value of face value
The coupon payments will be an annuity and in cash terms are:
= 8% * 4,500,000
= $360,000
Selling price:
= (360,000 * Present value of an ordinary annuity factor, 11%, 10 periods) + (4,500,000 * Present value discount factor, 11%, 10 periods)
= (360,000 * 5.889) + (4,500,000 * 0.352)
= $3,704,040
