Answer:
$31,584
Explanation:
Pouch Corporation
Direct Labor Budget June July Total
Required production in units
2,100 1,900
Direct labor-hours per unit
0.84 0.84
Total direct labor-hours needed
1,764 1,596
Direct labor cost per hour
$9.40 $9.40
Total direct labor cost
$16,581.60 $15,002.40 $31,584
Required production in units×Direct labor-hours per unit =Total direct labor-hours needed
Total direct labor-hours needed×Direct labor cost per hour =Total direct labor cost
$16,581.60 + $15,002.40 = $31,584
Answer:
Carry-back should be reported as a benefit
Explanation:
Tanner, Inc. is a company which has suffered a loss in 2018, and they have planned to use carry-back provisions because they generated profit. It is compulsory to report the provision in the 2018 financial statement. Overall, tanner, Inc. must report carry-back profits as a benefit in 2018 financial statement, because of the loss they received in 2018.
Answer:
the after tax cost of debt is 3.90 %.
Explanation:
The Cost of debt is the rate required on the bond and this is calculated as follows :
PV = - $2,201
n = 21 × 2 = 42
PMT = ($2,000 × 7.38 %) ÷ 2 = $73.80
P/YR = 2
FV = $2,000
r = ?
Using a Financial Calculator, the Pre-tax Cost of debt, r is 6.4963% or 6.50 % (2 decimal places)
After tax cost of debt = Interest rate × (1 - tax rate)
= 6.50 % × (1 - 0.40)
= 3.90 %
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