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Langston Automotive Accessories applies overhead using a combined rate for fixed and variable OH. The rate is 250 percent of direct labor cost. During the first three months of the current year, actual costs incurred were as follows:
Direct Labor Cost Actual OverheadJanuary $180,000 $440,000February 165,000 420,400March 170,000 421,000
a. What amount of overhead was applied to production in each of the three months?
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
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Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
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