Money clothes business and shoes hope this helps
a. Compute the direct material costs
Explanation:
a. Compute the direct material costs
It should be 2, that is the smallest number they can all be divided by that is not 1 or 0
Answer:
a. The Geometric average return is 1.72%
b. The Arithmetic average return is 1.75%
c. The Dollar weighted average return is 2.61%
Explanation:
a) In order to calculate the time-weighted geometric average return we would have to calculate first the Holding period return as follows:
Holding period return = (200 - 190) / 190 = 5.263%
Hence, Geometric average return = (1 + .05263)^(1/3) - 1 = 1.72%
b) To calculate time-weighted arithmetic average return we have to make the following calculation:
Arithmetic average return = 5.263% / 3 = 1.75%
c) To calculate time-weighted arithmetic average return we would have to make the following calculation:
Dollar weighted average return=-190*3 + 200/(1+r) + 200/(1+r)^2 + 200 / (1+r)^3 = 0
= 2.61%
Answer:
Overhead application rate
= <u>Budgeted overhead</u>
Budgeted machine hours
= <u>$266,400</u>
18,500 hours
= $14.40 per machine hour
Overhead applied
= Overhead application rate x Actual machine hours
= $14.40 x 19,050 hours
= $274,320
Under-applied overhead
= Overhead applied - Actual factory overhead
= $274,320 - $287,920
= $13,600
Explanation:
In this question, there is need to determine the overhead application rate, which is the ratio of budgeted factory overhead to budgeted machine hours. Then, we will calculate the overhead applied, which is overhead application rate multiplied by actual machine hours. Under-applied overhead is the difference between overhead applied and actual factory overhead. .
