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Setler79 [48]
3 years ago
7

If Jane Key invests $18,527.74 now and she will receive $40,000 at the end of 10 years, what annual rate of interest will she be

earning on her investment?
A. 8.5%
B. 10%
C. 8%
D. 9%
Business
1 answer:
SSSSS [86.1K]3 years ago
4 0

Answer:

C. 8%

Explanation:

Future value factor:

= $18527.74 / $40000

= 0.4631935

At 8% for 10 years the future value factor is 0.4631935

Note: Proof of calculation is attached below as picture

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The factory overhead applied to the product is $5,400

Let understand that Factory Overhead means the <em>total cost</em> that is used in operating all the production segment (i.e depreciation of equipment, salary, wages, electricity) of a manufacturing company and its does not include the costs of direct labor & materials.

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<em>- Manufacturing Overhead is applied to the product based on 90% of direct labor dollars</em>

<em />

  • Therefore, the Factory overhead applied will equals Direct factory labor incurred * 90% Overhead applied

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<em>Factory overhead applied = $6,000 * 90%</em>

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In conclusion, the factory overhead applied to the product is $5,400

See similar Factory overhead here

<em>brainly.com/question/14330080</em>

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