Hamilton Company common stock is currently selling for $60 per share. The stock will pay a dividend of $4.35 next year. If you buy the stock now, receive the dividend and sell the stock at the end of the year, for what price will you sell the stock if you earn your 11% required rate of return? Group of answer choicesa) $65.55

b) $70.05

c) $55.10

d) $67.80

e) $62.25

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget. the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead. a total of 119,300 units, using 478,000 direct labor hours, were produced during the year. actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.