Answer:
The predetermined overhead rate was $7.84
Explanation:
Predetermined overhead rate is calculated by dividing the Expected overhead by the Expected level of activity on which the overhead is applied. It is a rate at which the overhead is applied to a product / project/ department.
Predetermined overhead rate = Expected overhead / Expected activity
Predetermined overhead rate = Expected overhead / Expected direct labor hours
Predetermined overhead rate = $1,490,000 / 190,000
Predetermined overhead rate = $7.84 per labor hour
Answer:
His loan payment each quarter is nearest to $4,705.10.
Explanation:
Using a Financial Calculator enter the following data and find PMT, the loan payment each quarter
Pv = $70,000
n = 4 × 5 = 20
r = 12%
P/yr = 4
Fv = $0
Pmt = ? - $4,705.10
Thus PMT, the loan payment each quarter will be $4,705.10.
Answer:
508,000 units
Explanation:
The computation of the number of finished goods produced is shown below:
Finished goods produced during the year = Closing inventory + sales - opening inventory
= 2,600 units + 506,000 units - 600 units
= 508,000 units
We simply added the closing inventory into sales and deducted the opening inventory so that the finished goods produced during the year could come
Answer:
as taxes increase, there is a decrease in supply
Explanation:
