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777dan777 [17]
2 years ago
6

The cost accountants at the Doering Company regressed total overhead costs and direct labor hours for the past 30-months and rep

orted the following results: Slope = $ 41.27 Intercept = $ 596.36 Correlation coefficient = .934 What is the estimated overhead cost if 225 direct labor hours are expected to be used in the upcoming period? (rounded to the nearest whole dollar)
Business
1 answer:
taurus [48]2 years ago
7 0

Answer:

The estimated overhead cost if 225 direct labor hours are expected to be used in the upcoming period is $9,882.11

Explanation:

In order to calculate the estimated overhead cost if 225 direct labor hours are expected to be used in the upcoming period we would have to make the following calculation:

Cost for 225 direct labor hours = Intercept + Slope*225

Cost for 225 direct labor hours=$596.36+ ($41.27*225)

Cost for 225 direct labor hours=$9,882.11

The estimated overhead cost if 225 direct labor hours are expected to be used in the upcoming period is $9,882.11

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Answer:

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Explanation:

Detailed steps of solution are below

6 0
3 years ago
How much would you have to deposit today if you wanted to have $54,000 in five years? Annual interest rate is 8%. (PV of $1. FV
mestny [16]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

A) How much would you have to deposit today if you wanted to have $54,000 in five years? The annual interest rate is 8%.

We need to use the following formula:

PV= FV/(1+i)^n

PV= 54,000/(1.08^5)= $36,751.49

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C) Calculate the future value of an investment of $643 for eleven years earning an interest of 8%.

FV= PV*(1+i)^n

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It depends on the interest rate. We will assume 8%.

PV= 1000/1.08^11= 428.88

It is better to have $643 today.

5 0
3 years ago
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Answer:

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Explanation:

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3 years ago
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7nadin3 [17]

Answer:

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