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1 year ago

Manufacturing overhead data for the production of Product H by Shakira Company are as follows.

Business

1 answer:

ivanzaharov [21]1 year ago

8 0

Answer:

$3,000 (A)

Explanation:

Total overhead variance is the difference between actual fixed overhead cost and overhead budgeted cost. Budgeted overhead cost is overhead rate multiplied by actual direct labor hours , while overhead rate is the total of variable overhead and fixed overhead rate.

Total overhead cost variance is computed as;

= Actual fixed overhead cost - Budgeted overhead

= $263,000 - ($5 × 52,000)

= $263,000 - $260,000

= $3,000 (A)

Therefore total overhead cost variance is $3,000 (A).

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You purchased 100 shares of MegaCorp for $17 per share four months ago. The brokerage fee was 4% of the total dollar amount of t

Ronch [10]

Answer:

$136.64

Explanation:

Purchase price:

100shares*$17price per share

=$1,700

$1,700*.04 brokerage commission

=$68brokerage commission price

Hence:

Total cost to purchase the stock = 1700 + 68 = $1,768

Sale proceeds:

100shares*$23.50 price per share

=$2,350

$2,350*.04brokerage commission

=$94brokerage commission price

Hence:

Total proceeds from sale = 2350 – 94

= $2,256

Capital gain tax computation:

Total proceeds from sale $2,256

Less purchase price $1,768

Taxable capital gain $488

Taxable capital gain $488*.28marginal tax rate

=$136.64 capital gain tax owed

Therefore the capital gain tax owed will be $136.64

8 0

2 years ago

Dodge Ball Bearings had sales of 15,000 units at $45 per unit last year. The marketing manager projects a 30 percent increase in

Leona [35]

Answer:

Net dollar sales projection for this year is $645,840.

Explanation:

Last year = 15,000 units

Price = $45

Projected:

Sales = 15000 units x ( 1 + 30%) = 15000 units x ( 1 + 0.30) = 15000 units x 1.30 = 19,500 units

Price = $45 x ( 1 - 20%) = $45 x ( 1 - 0.20) = $45 x 0.80 = $36

Total Sales Projection = 19,500 x $36 = $702,000

Returned Marchandise = $702,000 x 8% = $56,160

Net Sale = Total Sales - Returned Marchandize = $702,000 - $56,160

Net Sale = $645,840

6 0

2 years ago

Assume the current Treasury yield curve shows that the spot rates for six months, one year, and one and a half years are 1 %1%

Ludmilka [50]

Answer:

present value of bond = $1042.96

Explanation:

given data

spot rates for six months = 1%

spot rates for one and = 1.1%

spot rates for one and half years = 1.3%

price = $1000

coupon bond = 4.25%

time = 6 month

solution

we get here first price on bond paid that is

coupon paid = $1000 × 4.25 × 0.5 = $21.25

we get here present value of 6 month and 1 year and 1 and half year

present value = $\frac{coupon\ payment }{(1+\frac{spot \ rate}{2})^t}$ ..............1

present value of 6 month = $\frac{21.25}{(1+\frac{0.1}{2})^1}$ = 20.23

present value of 1 year = $\frac{21.25}{(1+\frac{0.011}{2})^2}$ = 21.01

present value of 1 year and half year = $\frac{21.25}{(1+\frac{0.013}{2})^2}$ = 20.97

and

now we get present value of par value in 1 and half year

present value of par value in 1 and half year = $\frac{par\ value}{(1+\frac{spot rate}{2})^3}$

present value of par value in 1 and half year = $\frac{1000}{(1+\frac{0.013}{2})^3}$

present value of par value in 1 and half year = 980.75

present value of bond will be as

present value of bond = 20.23 + 21.01 + 20.97 + 980.75

present value of bond = $1042.96

5 0

2 years ago

Most companies with well-developed project management systems insist that a project must pass an approval of some kind to move f

Romashka [77]

Answer:

it is A. True

8 0

2 years ago

joes shoe shop raises prices from the equilibrium price of $40 a pair to its new price of $60 a pair.

kipiarov [429]

I think you’re referring to the competitive equilibrium price

6 0

2 years ago

Read 2 more answers