Answer:
$1,068,000
Explanation:
The computation of the total manufacturing overhead cost should be
Total variable manufacturing overhead for 50,000 machine hours is
= Indirect labor + Machine supplies +Indirect materials
= 630,000+90,000+120,000
= $840,000
Now
Variable manufacturing overhead per machine hour is
= Total variable manufacturing overhead cost ÷ Number of machine hours
= $840,000 ÷ 50,000
= $16.80
And,
Total variable manufacturing overhead for 60,000 machine hours
= Variable manufacturing overhead per machine hour × 60,000
= $16.80 × 60,000
= $1,008,000
Now the total manufacturing overhead cost should be
= 1,008,000 + 60,000
= $1,068,000
Answer:
Find out the reason why the loan was rejected
You can also look for another lender
Explanation:
Loan application could be declined for so many reasons. However , in a situation where an application is not granted , it is good to find out the reasons behind the decision so as to avoid repeating such in subsequent application.
Another step to be taken after denial of application is to look for alternative lender and make another application . One may also need to improve on the application to avoid another denial this time around.
Answer:
Bonds are a far more important source of financing than are stocks
Explanation:
There is so much of risk associated with the issue of stock. Though it is essential for any business to issue some stock, but bonds are always favorable as they have a defined maturity, defined amount associated, and defined interest payment.
There is no direct payment of interest in bonds but the expense is to be recorded in books as per the matching and accrual principle.
The discounted value of interest to be paid on maturity is recorded.
Further, there is a tax benefit on bond payments.
