Homework Answers
3.
Residual income = Operating income - Required return
= 76,700 - (530,000*13%)
= 7800
Option D is the answer
.
4.
Predetermined overhead rate = Estimated overhead/Estimated machine hours
= (9.50*8900 + 947,672)/8900
= 115.98
Option D is the answer
Comment if you face any issues
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