Complete question:
Which of the following would usually be found on a job cost sheet under a normal cost system?
Actual direct material cost Actual manufacturing overhead
A) YES YES
B) YES NO
C) NO YES
D) NO NO
A) Choice A
B) Choice B
C) Choice C
D) Choice D
Answer:
B) Choice B (YES, NO)
Explanation:
In a job cost sheet, under a normal cost system, only the actual direct material cost can be found on the job cost sheet. The actual manufacturing overhead cost is usually not found on the job cost sheet under a normal cost system.
Thus we have:
Actual direct material cost-------- YES
Actual manufacturing overhead----------- NO
Correct option is option B (Yes, No)
Answer:
correct option is d. $450
Explanation:
given data
Tony earns = $32,000
Liz earns = $31,000
Gross income = $63,000
Tony IRA contribution = $1,000
Liz IRA contribution = $2,000
solution
as we know that IRA limit is $6500
so they will get benefit here on = $1000 + $2000 = $3000
so benefit = $3000 × 15 %
benefit = $3000 × 0.15
benefit = $450
so correct option is d. $450
Answer:
The correct answer to the following question is $14,30,000.
Explanation:
Given information -
Portfolio contains $1.3 million of stocks
With beta of the portfolio being - 1.1
Here manager wants to hedge the risk of his portfolio by selling the index in the futures market by entering in to an futures contract which can be defined as a contract , where both buyer and seller agrees to buy or sell a particular product in the future at a predetermined price and quantity and quality, this is a standardized contract.
Amount that manager should sell in futures = $130,00,00 x 1.1
= $ 14,30, 000