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Lemmiwinks Industries has a standard cost system in which it applied overhead on the basis of direct labor hours. It expected to have 40,000 direct labor hours for the year (denominator hours). It had the following data additional.
Expected overhead costsVariable Manufacturing Overhead Costs: $70,000Fixed Manufacturing Overhead Cost: $130,000
Operating Results for ActivityActual Direct Labor hours: 45,000Standard Direct Labor Hours: 48,000
Operating Results for CostActual variable manufacturing overhead incurred: $101,250Actual fixed manufacturing overhead costs incurred: $150,000
What is the fixed overhead budget variance?The answer is: $20,000 U, but how do you get this?
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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