Sophie company has decided that direct labor hours is a good basis on which to apply overhead to production. the following data are for the most recent year. budgeted number of direct labor hours worked = 20,000 hoursbudgeted amount of manufacturing overhead = $100,000actual number of direct labor hours worked = 25,000 hoursactual amount of manufacturing overhead = $115,000what is sophie company’s predetermined overhead rate? a) $5.75 per hourb) $4.00 per hourc) $4.60 per hourd) $4.50 per houre) $5.00 per hour

Which of the following statements is true regarding the definition of a fund? a fund is a fiscal entity which is designed to provide reporting that demonstrates conformance with finance-related legal and contractual provisions separately from gaap reporting. a fund exists to assist in carrying on activities and attaining objectives where there are no specific rules or restrictions. a fund is an accounting entity which is designed to enable reporting in conformity with gaap without being restricted by legal or contractual provisions. a fund is a mechanism developed to provide accounting for revenues and expenditures that are subject to certain restrictions separate from revenues and expenditures that are not subject to restrictions.

The treasurer for pittsburgh iron works wishes to use financial futures to hedge her interest rate exposure. she will sell five treasury futures contracts at $139,000 per contract. it is july and the contracts must be closed out in december of this year. long-term interest rates are currently 7.30 percent. if they increase to 9.50 percent, assume the value of the contracts will go down by 20 percent. also if interest rates do increase by 2.2 percent, assume the firm will have additional interest expense on its business loans and other commitments of $149,000. this expense, of course, will be separate from the futures contracts. a. what will be the profit or loss on the futures contract if interest rates increase to 9.50 percent by december when the contract is closed out

Aprofessional does specialized work that's primarily: degree based. medical or legal. well paying. intellectual and creative