Rate * 1.5 represents what?

What is the role of education to become a manager ?

iragen [17]

Answer:

There are several ways to become a Business Manager, but most organisations require a minimum of a bachelor's degree in business management.

These are usually 3-year courses covering topics such as management theory and practice, budgeting and planning, leadership skills and organisational behaviour.

5 0

3 years ago

Inventory Valuation under Variable Costing Lane Company produced 50,000 units during its first year of operations and sold 47,30

otez555 [7]

Answer:

1. $5.62

2. $15,174

Explanation:

1. The computation of the cost of one unit of product under variable costing is shown below:-

Total product cost = Direct material + Direct labor + Variable overhead

= $123,000 + $93,000 + $65,000

= $281,000

Unit product cost = Total product cost ÷ Produced units

= $281,000 ÷ $50,000

= $5.62

2. The computation of cost of ending inventory under variable costing is shown below:-

Unsold at end = Unit produced - Unit sold

= 50,000 - 47,300

= 2,700

Cost of ending inventory = Number of units sold × Unit product cost

= $5.62 × 2,700

= $15,174

3 0

3 years ago

An investor buys 100 shares of walmart at $45 per share on margin with an initial margin of 70% and a maintenance margin of 25%.

lana [24]

6250 + 56 = 6250 price

6 0

3 years ago

In December 2018, the Wilson Company established its pre-determined overhead rate for Grandfather Clocks produced during 2019 by

ruslelena [56]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Estimated Overhead cost= $1,680,000

Estimated Labor cost= $480,000

Actual:

Overhead costs= $1,652,000.

Actual Direct Labor costs= $475,000

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 1,680,000/480,000

Predetermined manufacturing overhead rate= $3.5 per direct labor dollar

Now, we allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 3.5*475,000= $1,662,500

To calculate any under/over allocation, we will use the following formula:

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 1,652,000 - 1,662,500

Under/over applied overhead= $10,500 underallocated

Finally, the adjusting entry:

Cost of goods sold 10,500

underapplied overhead 10,500

6 0

4 years ago

90-day forward rate for the euro is $1.07, while the current spot rate of the euro is $1.05. What is the annualized forward prem

Akimi4 [234]

Answer:

7.6%

Explanation:

Calculation for What is the annualized forward premium or discount of the euro

Using this formula

Euro annualized forward premium or discount = [(F/S) - 1] x 360 days/90 days

Where,

F represent forward rate $1.07

S represent current spot rate $1.05

Let plug in the formula

Euro annualized forward premium or discount =[($1.07/$1.05) - 1] x 360 days/90 days

Euro annualized forward premium or discount =($1.019-1)×x 360 days/90 days

Euro annualized forward premium or discount =0.019×360 days/90 days

Euro annualized forward premium or discount =0.076×100

Euro annualized forward premium or discount = 7.6 %

Therefore the annualized forward premium or discount of the euro will be 7.6%

5 0

3 years ago