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2 years ago

Define financial literacy and financial planning in your own word

Business

1 answer:

Roman55 [17]2 years ago

8 0

Answer:

Financial literacy is the capacity to grasp and use different financial skills effectively.

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Predetermined Overhead Rate, Applied Overhead, Unit Cost Ripley, Inc., costs products using a normal costing system. The followi

jok3333 [9.3K]

Answer:

1. $28

2. $278,040

3. $7,560 under-applied

4. $8.8536

Explanation:

The computation is shown below

1. Predetermined overhead rate = (Total Budgeted: Overhead) ÷ (estimated direct labor-hours)

= $285,600 ÷ 10,200 hours

= $28

2. The applied overhead would be

= Actual direct labor-hours × predetermined overhead rate

= 9,930 hours × $28

= $278,040

3. The over applied or under applied would be

= Actual manufacturing overhead - applied overhead

= $285,600 - $278,040

= $7,560 under-applied

4. Total cost per unit would be

= (Prime Cost + Applied Overhead) ÷ (Number of units)

= ($1,050,000 + $278,040) ÷ (150,000 units

= $1,328,040 ÷ 150,000 units

= $8.8536

7 0

2 years ago

The U.S. government imposes a 25 percent tax on the selling price of any four-wheel-drive SUV that is brought into the U.S. by a

trapecia [35]

Answer:

An import tarif

Explanation:

An import tariff is a type of tax levied on the product bought from foreign nations. Tariff restricts the volume of goods and services brought into the country and making them expensive in the local market. Import tariffs serve as a source of revenue to the government and protect locally manufactured goods from unfair competition by imports.

The 25 percent tax imposed on all SUVs is an example of an import tariff. The person of the firm importing the vehicle must pat the government an amount equivalent to 25 percent of the value of SUV. Import tariffs make importing unattractive, thereby encouraging the consumption of domestic products.

6 0

3 years ago

Labor data for making one gallon of finished product in Bing Company are as follows. (1) Price—hourly wage rate $16.70, payroll

blondinia [14]

Answer:

a. Standard direct labor rate per hour = Hourly wage rate + Payroll taxes + Fringe benefits

Standard direct labor rate per hour = $16.70 + $0.60 + $1.40

Standard direct labor rate per hour = $18.70

b. Standard direct labor hours per gallon = Actual production time + Rest periods and cleanup + Setup and downtime

Standard direct labor hours per gallon = 1.60 hours + 0.30 hours + 0.20 hours

Standard direct labor hours per gallon = 2.1 hours

c. Standard labor cost per gallon = Standard direct hours per gallon * Standard direct labor rate per hour

Standard labor cost per gallon = 2.1 hours * $18.70

Standard labor cost per gallon = $39.27

7 0

3 years ago

HURRY IM BEING TESTED!!!!!! Which job in the Finance career cluster is ideal for a person with a master’s degree?

erma4kov [3.2K]

Answer:

i think it would be loan officer but im not sure sorry if thats wrong

4 0

3 years ago

Read 2 more answers

Assume that a family spends 35% of its income on housing, 20% on travel-related expenses, 10% on utilities, 25% on health care,

iogann1982 [59]

Answer:

We need the slope of each category.

Explanation:

Having the amount of each category is not enough to find the responsive of each one of them to a change in their prices, we need a measure called elasticity, this indicator measures the responsive of a product to a change in its price.

5 0

3 years ago