Answer:
5.01%
Explanation:
The bond nominal yield to call is 5.01%
Answer:
advanced math skills
knowledge of finance laws
research skills
critical thinking skills
Answer:
$76,000
Explanation:
If we are going to prepare a flexible budget we need to calculate how much Seaworthy should have spent in labor costs in order to produce 2,000 units:
labor cost = 2 hours per unit x $19 per hour x 2,000 units = $76,000
If we compare the flexible budget to Seaworthy's actual costs, we will find an unfavorable variance of $250,000 (=$326,000 - $76,000). Obviously something went wrong with Seaworthy's production.
