How to calculate the total cost of a car loan.?

Which following statement about FAFSA process are TRUE?

aleksklad [387]

FAFSA stands for Free Application for Federal Student Aid. It is a form that can be prepared annually by current and prospective college students in the United States to determine their eligibility for student financial aid. Hope this helps.

3 0

3 years ago

The ____ is the amount earned on an investment for a given period of time.

hichkok12 [17]

Answer:

Investment income.

Explanation:

Investment income is income that comes from interest payments, dividends, capital gains collected upon the sale of a security or other assets, and any other profit made through an investment vehicle. Generally, individuals earn most of their total net income each year through regular employment income.

hope this helped broski =))

3 0

3 years ago

Consider Derek's budget information: materials to be used totals $65,100; direct labor totals $198,700; factory overhead totals

egoroff_w [7]

Answer:

cost of goods manufactured= $653,500

Explanation:

Giving the following information:

Consider Derek's budget information: materials to be used totals $65,100; direct labor totals $198,700; factory overhead totals $393,700; work in process inventory January 1, $188,500; and work in progress inventory on December 31, $192,500.

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 188,500 + 65,100 + 198,700 + 393,700 - 192,500= $653,500

5 0

3 years ago

Firecracker Company has developed the following standards for one of its products. Direct materials: 15 pounds × $16 per pound D

Natasha_Volkova [10]

Answer:

(-$10,000) Unfavorable

Explanation:

Direct materials:

Quantity = 15 pounds

Standard price = $16 per pound

Actual price = Purchase Price ÷ Purchase quantity

= 170,000 ÷ 10,000

= 17

Material price variance:

= Actual purchase quantity × (Standard price - Actual price)

= 10,000 × ($16 - $17)

= 10,000 × (-$1)

= (-$10,000) Unfavorable

7 0

3 years ago

Milano Company has an average overhead cost per hour of $10.50 at 3,500 machine hours, and at 3,000 hours it is $11.25. The comp

Tasya [4]

Answer:

c) VOH/hr = $6 per hour

a) Fixed overhead cost = $ 15,750

Explanation:

Overhead cost is the total of all indirect costs. Indirect costs are those which are not specifically for a particular product. They include indirect material cost, indirect labour cost and indirect expenses.

Variable overhead cost is the portion of the total overhead cost which changes with activity level changes. For example, when more machine hours are worked, more kilowatts of power would be consumed and therefore increase the power cost.

Fixed overhead costs are those which remain on change within a given level of activity.

To separate the fixed overhead from the variable, we use the following relationships below:

VOH/hr = Total [email protected] high activity- Total Overhead @low activity

High activity - Low activity

Fixed Overhead = Total overhead @ high act. - (VOH/hr × High activity)

Note that activity level level is measured in machine hours in this question.

Total overhead = Average cost per hour × Number of hours

Now we can determine the variable overheads per machine hour (VOH/hr)

VOH/hr = (3500× $10.50) - (3,000× $11.25)

3,500 - 3,000 machine hours

= $ (36,750 - 33750)

500 hrs

= $6 per hour

Fixed overhead cost = ( 3500 ×10.50) - ($6 × 3500)

=$ 15,750

8 0

3 years ago