By definition, a mortgage is loan that is used to purchase a property. The financial institutions can are designed to offer low interest rates on residential mortgages are commercial banks and loan associations. They often lead against the one-to-four family mortgages.
Answer:
equivalent cost per unit $6
Explanation:
under the weighted average method we calcualte the equivalent unit cost by adding both, the beginning WIP inventory and the cost added during the period:
$4,500 + $37,800 = $42,300
Then we divide over the equivalent units:
$42,300 / 7,050 units = $6
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This would be a general partnership because both parties are responsible equally.
Answer:
d. $15.00
Explanation:
Overhead application rate is the rate at which manufacturing overheads are applied to a product / project / department. It is calculated by dividing the Budgeted overhead by the budgeted level of activity on which the overhead is applied.
Overhead application rate = Budgeted overhead / Budgeted activity
Overhead application rate = Budgeted overhead / Budgeted machine hours
Overhead application rate = $5,000,000 / 200,000 labor hours
Overhead application rate = $25 per labor hour
Assigned Overhead = Overhead application rate x Number of machine hours consumed = $25 x 0.6 = $15
