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Costs of ServicesJean and Tom Perritz own and manage Happy Home Helpers, Inc. (HHH), a house-cleaning service. Each cleaning (cleaning one house one time) takes a team of three house cleaners about 1.8 hours. On average, HHH completes about 18,000 cleanings per year. The following total costs are associated with the total cleanings:
Direct materials $52,200
Direct labor 563,400
Variable overhead 25,200
Fixed overhead 28,800
Required:
If required, round your answers to the nearest cent.
1. Calculate the prime cost per cleaning.
$ per cleaning
2. Calculate the conversion cost per cleaning.
3. Calculate the total variable cost per cleaning.
4. Calculate the total service cost per cleaning.
Find a 90% confidence interval for the mean time between billing and receipt of payment for all of the CPA firm's accounts. Interpret the interval.
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1. [FX forcasting using Purchasing Power Parity] The expected inflation rate now until the end of 2015 is 2.5% in the US, and 12% in Argentina, respectively. The current spot exchange rate between Argentina peso (AP) and the US dollar is AP8.2/$. ..
Given spot rates of 1-year = 5%, 2-year = 6%, 3-year = 7%, 4-year = 8%. What is the 2-year forward rate 2 years from today? A. 10.95% B. 9.28% C. 10.04%
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You buy 700 shares of stock at a price of $70 and an initial margin of 55 percent. If the maintenance margin is 40 percent, at what price will you receive a margin call? (Do not round intermediate calculations. Round your answer to 2 decimal place..
Identify the three parties involved in any credit derivatives transaction and describe how they differ in their roles and responsibilities with regard to the transaction?
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