Questions
If the duration of a bond being discounted a 5.8% is 4.4 years, and interest rates...

If the duration of a bond being discounted a 5.8% is 4.4 years, and interest rates on comparable debt decrease by 1.4%, by what percentage will the price rise (+) or fall (-)? (Your answer is in percentage terms - 4 digits, and should be positive for an increase in price, and negative for a decline in price.)

In: Finance

If the duration of a bond being discounted a 4.2% is 4.9 years, and interest rates...

If the duration of a bond being discounted a 4.2% is 4.9 years, and interest rates on comparable debt decrease by 1.7%, by what percentage will the price rise (+) or fall (-)? (Your answer is in percentage terms - 4 digits, and should be positive for an increase in price, and negative for a decline in price.)

In: Finance

A total of 28 percent of Jamaican males drink rum, 7 percent drink vodka, and 5...

A total of 28 percent of Jamaican males drink rum, 7 percent drink vodka, and 5 percent drink both rum and vodka.
a) What percentage of males drink neither rum nor vodka?
b) What percentage drink vodka but not rums?

In: Economics

A hospital director is told that 32% of the treated patients are uninsured. The director wants...

A hospital director is told that 32% of the treated patients are uninsured. The director wants to test the claim that the percentage of uninsured patients is below the expected percentage. A sample of 160 patients found that 40 were uninsured. At the 0.05 level, is there enough evidence to support the director's claim?

In: Statistics and Probability

Consider a 10% annual coupon bond with three years of remaining maturity and a current YTM...

Consider a 10% annual coupon bond with three years of remaining maturity and a current YTM of 12%. Calculate the duration and convex it’s of this bond. If rates are expected to decline 2 percentage points use the convexity approximation to estimate the percentage change be in price for the bond.

In: Finance

one way we can evaluate how good or bad our lives are is to identify what...

one way we can evaluate how good or bad our lives are is to identify what percentage of our days we are winners and what percentage of our days we are losers, do you agree or disagree with this statement? explain your views

In: Economics

I need to write a forumn on income elasticity from a managers perspective in economics not...

I need to write a forumn on income elasticity from a managers perspective in economics not less than 75 words. income elasticity- a measure of the responsiveness of the demand for a good to changes in consumer income; the percentage change in quantity demanded divided by the percentage change in income.

In: Economics

The average human body contains 5.70 L of blood with a Fe2+ concentration of 2.10×10−5M ....

The average human body contains 5.70 L of blood with a Fe2+ concentration of 2.10×10−5M . If a person ingests 10.0 mL of 25.0 mM NaCN, what percentage of iron(II) in the blood would be sequestered by the cyanide ion?

Express the percentage numerically.

In: Chemistry

NWT Consultants, located in Yellowknife, Northwest Territories, is a small but growing business that analyzes a...

NWT Consultants, located in Yellowknife, Northwest Territories, is a small but growing business that analyzes a variety of construction materials before they are used by contractors. The testing procedures are specific to the individual materials used because reagents used for testing react differently based on their composition and the quantity used. How they are introduced into the materials for testing is also important.


During the month of December 2021, NWT completed 36 different jobs. Records pertaining to one such job (reference number: MT Q421-442) are as follows:

Date Document Amount
2/12/21    M-3316 $ 900
4/12/21 L-4423 680
11/12/21 L-4437 1,150
13/12/21 M-3399 1,870
20/12/21 M-3407 1,340
22/12/21 L-4509 1,620


The documents with the references M and L pertain to direct materials and direct labour, respectively. NWT currently allocates overhead using direct labour cost as the allocation base. For the year 2021, it estimated $650,240 as the overhead amount and $508,000 for direct labour costs.


Required:
1.
Compute the overhead allocation rate for 2021.

- Predetermined overhead rate: %

2. Compute the total costs of the job.

Amount

- Direct Materials: $

- Direct Labour: $

- Overhead: $

- Total Costs: $

     

3. Prepare a job cost sheet for job  MT Q421-442.

JOB COST SHEET
Number MT Q421-442 Date initiated Dec 01, 2021
Department Commercial Date completed Dec 23, 2021
Description Pesticide testing Units completed 1
Direct Materials Direct Labour Overhead
Req. No. Amount Time-Sheet Hours Amount DL Cost Rate Amount
%
Cost Summary Job Completion Status
Date Progress to date
Dec 24, 2021 Completed and shipped to customer
Total Cost
Unit Cost

In: Accounting

Question 01: Select the best answers for the following questions: Sales price – Variable Prime cost...

Question 01: Select the best answers for the following questions:

  1. Sales price – Variable Prime cost – Variable FOH per unit

a) Factory cost b) Contribution margin

c) Common cost share d) Margin of safety

  1. is the FOH rate applied to the whole production facility

a) Predetermined FOH rate b) Blanket FOH rate

c) Budgeted FOH rate d) Both (a) & (c)

  1. The completion percentage for previous department in EPQ is usually

a) 50% b) 100%

c) More than 50% but less than 100% d) 75%

  1. If margin of safety is $2,000 and breakeven sales are 5,000 units then planned sales are

a) $7,000 b) $2,000

c) 60% d) None of these

  1. Is usually not allocated any cost in joint product costing approach

a) By-product b) Low quality joint product

c) Low quantity joint product d) Further processed product

  1. In breakeven chart the area below the breakeven point reflects

a) Profit b) Loss

c) Variable cost d) Revenue

  1. If planned sales are 500 units & breakeven sales are 200 units then MOS ratio =

a) 50% b) 60%

c) 70% d) 80%

  1. Total Factory Cost = Prime Cost + Conversion Cost -

a) FOH b) Indirect labor

c) Direct Labor d) Both (b) & (c)

  1. In decision making & CVP analysis sunk cost is

a) Relevant cost b) Avoidable cost

c) Un-avoidable cost d) Irrelevant cost

  1. If per unit contribution margin is $2.5 & fixed costs are $30,000 breakeven point in units is

a) 75,000 b) 12,000

c) 63,000 d) None of these

In: Accounting