The average test score of rsm students in september increased by 10%. in october it increased by another 15%. by what percent di
1 answer:
You might be interested in
Answer:
$108,583.98
Explanation:
Given:
Initial deposit = $3,500
Rate = 9.652%
You also plan on depositing $4,500 at the end of years 5 through 10.
Required:
What will be the value of the account at the end of 20 years, assuming you earn your expected rate of return?
First calculate the future value of first installment, $3500 at end of year 20, since the amount was not deposited at once:
Calculate the future value of annual deposits at end of year 10:
Given, N = 6 years )i.e from 5 to 10 years)
I/Y = 9.652%
PV = 0
PMT = $4,500
FV(9.652%, 6, 4500, 0)
FV = $34,416.63
Calculate the future value of annual deposits at end of year 20:
Given, N = 10 Years (from end of year 10, to year 20)
PV = 34,416.43
I/Y = 9.652%
FV = 34,416.43 * PVIF(0.9652, 10)
FV = $86,483.63
The total future value at end of year 20:
Future value of initial deposit + Future Value of annual deposits
= $22,100.35 + $86,483.63
= $108,583.98
The value of the account at the end of 20 years = $108,583.98
Answer:
Actual Direct material cost = $81,500
Actual Direct labor cost = $187,500
Actual manufacturing overhead = $272,000
Explanation: kindly see attached picture for detailed explanation.
Variances ; Standard Cost Unfavorable Favorable Direct materials $ 80,000 Price variance $ 4,500 Quantity variance $ 3,000 Direct labor 184,000 Rate variance 2,700 Efficiency variance 6,200 Manufacturing overhead 271,000 Spending variance 4,000 Volume variance 5,000 Determine the actual costs incurred during the month of May for direct materials, direct labor, and manufacturing overhead.
