Obj. 2
EX 16-10 Predetermined factory overhead rate
Exotic Engine Shop uses a job order cost...
Business, 14.12.2020 06:30, sheldonwaid7958
Obj. 2
EX 16-10 Predetermined factory overhead rate
Exotic Engine Shop uses a job order cost system to determine the cost of performing engine repair
work. Estimated costs and expenses for the coming period are as follows:
Engine parts
Shop direct labor
Shop and repair equipment depreciation
Shop supervisor salaries
Shop property taxes
Shop supplies
Advertising expense
Administrative office salaries
Administrative office depreciation expense
Total costs and expenses
$ 380,000
1,872,000
62,500
240,000
36,940
10,000
28,000
150,000
8,000
$2,787,440
The average shop direct labor rate is $37.50 per hour.
Determine the predetermined shop overhead rate per direct labor hour.
Answers: 1
Business, 22.06.2019 04:10, octaviangh14
You are head of the schwartz family endowment for the arts. you have decided to fund an arts school in the san francisco bay area in perpetuity. every 5 years, you will give the school $ 1 comma 000 comma 000. the first payment will occur 5 years from today. if the interest rate is 5.9 % per year, what is the present value of your gift?
Answers: 1
Business, 22.06.2019 12:50, laxraAragon
Jallouk corporation has two different bonds currently outstanding. bond m has a face value of $50,000 and matures in 20 years. the bond makes no payments for the first six years, then pays $2,100 every six months over the subsequent eight years, and finally pays $2,400 every six months over the last six years. bond n also has a face value of $50,000 and a maturity of 20 years; it makes no coupon payments over the life of the bond. the required return on both these bonds is 10 percent compounded semiannually. what is the current price of bond m and bond n?
Answers: 3
Business, 22.06.2019 19:50, annabanana1298
Juan's investment portfolio was valued at $125,640 at the beginning of the year. during the year, juan received $603 in interest income and $298 in dividend income. juan also sold shares of stock and realized $1,459 in capital gains. juan's portfolio is valued at $142,608 at the end of the year. all income and realized gains were reinvested. no funds were contributed or withdrawn during the year. what is the amount of income juan must declare this year for income tax purposes?
Answers: 1
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