Answer:
Explanation:
Overhead:
Indirect materials 15,000.00
Indirect labor 80,000.00
Other overhead costs 120,000.00
If we sum up everything = 215,000.00
Overhead applied 185,500.00
Underapplied OH 215000-185500=29,500.00
Answer: the correct answer is $210,000. The months is which the service was given were June, July, August, September, October, Nevember, December. The total service is $360,000 which means it is $30,000 monthly. (360,000 divided by 12). $30,000 times 7 months is $210,000.
Explanation: If a company is using the accrual basis accounting method it has to record its earned revenue when services are rendered, even though cash may be received at a later date..
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Answer:
Nexsen new stock basis is $82.67
The holding period of new stock begin on the date new stock was purchased.
The sale of rights produce capital gain of $550
Explanation:
Sale price of the right stock:
Purchase price of right stock is 75 stocks * $90 = $6,750
Less: Selling price of right stock is 25 stocks * $22 = $550
Total cost of right stock is $6,200
No of right stock purchased 75
Cost per stock is $6,200 / 75 = $82.67
Answer:
5.75%
Explanation:
the required rate of return for a preferred stock can be calculated by dividing the preferred dividend by the current market price:
- required rate of return = $5.35 / $93 = 5.75%
The preferred dividend is fixed, but the market price varies depending on the required rate of return.
