Answer:
D is very good but A and c are good to And b if so I would choose all four
Answer:
See answers below
Explanation:
1 The predetermined overhead rate
= Cost of manufacturing overhead / Cost driver.
Where cost driver
= labor cost / labor rate
= $240,192 / $12.51
= 19,200 hours
Expected overhead
= depreciation + supervisor + supplies + property tax
= 56,500 + 140,000 + 46,400 + 27,750
Total overhead = 270,650
Overhead rate = 270,650 / 19,200
= 14.10 per hour
2. The amount t of applied overhead for of 18,500 actual hours were worked on
= 18,500 hours × $14.10
= $260,850
Answer:
$14.06
Explanation:
overtime pay rate is the amount of per hour paid if a person works more than the standard hours. Overtime pay rate is more than the regular pay rate.
Total Number of Hours worked in a month = 40 x 4 weeks in a month = 160 hours
Total Pay = $1,500
Regular rate per hour = $1,500 / 160 = $9.375 per hour
Overtime rate = 9.375 x 1.5 = $14.06 per hour
Answer:
Fixed Deposit Account
Explanation:
Commercial Banks perform this crucial role of accepting deposits & advancing loans.
3 Types of Deposits :
Current Account - Used by businesses, has liberal depositing & withdrawal rules for payments & receipts, negligible interest by bank (rather bank charges for their service).
Savings Account - Used by households, for normal savings, has deposit & withdrawal rules less free than current account, moderate interest rate by bank.
Fixed Deposit Account - Used for Long Term savings, strict withdrawal rules before maturity (interest lost if withdrawn), high interest rate & money growth.
So, If need is to save money foe long period & letting it grow meanwhile, Fixed Deposit Account is a suitable Account.
Answer:
$258077.04
Explanation:
The cost of the house is $350,000
Apply compound interest formula
A=P(1+r/n)^nt
where
A=amount of loan after the period has elapse=?
P=principal deposit amount=$50,000
r=rate of interest in decimal form=0.07%
t=time taken for the loan to mature
n=1
A=$50,000(1+0.07)^9
A=$50,000*(1.07)^9
A=$91922.96
Remaining balance =$350000-$91922.96=$258077.04
