The current price of an annual coupon bond is 100. The derivative of the price of the bond with respect to the yield to maturity is -700.The yield to maturity is an annual effective rate of 8%. Calculate the duration of the bond.

Answers

Answer 1

Answer:

The duration of the bond = 7.56 years

Explanation:

Given the current price = 100

DM = -1 x Current derivative price / Current price

DM = (-1 x -$700 / $100)

DM = 7

Now,  D = DM (1 + r)

D = 7 (1 + 0.08)

D = 7.56

The duration of the bond = 7.56 years


Related Questions

Your firm uses half debt and half equity. The shareholders need to earn 20%. The firm can borrow at 5%. The risk free rate is 2%. The tax rate is 40%. Find the weighted average cost of capital.

Answers

Answer:

11.5%

Explanation:

WACC = weight of equity x cost of equity + weight of debt x cost of debt x (1 - tax rate)

Record the journal entry for Sales and for Cash Over and Short for each of the following separate situations.a. The cash registerâs record shows $420 of cash sales, but the count of cash in the register is $430.b. The cash registerâs record shows $980 of cash sales, but the count of cash in the register is $972.

Answers

Answer and Explanation:

The journal entry is shown below:

Cash $430  

  To Sales revenue $420

  To Cash over and short $10

(Being cash is recorded)

Here cash is debited as it increased the assets and credited the sales as it also increased the revenue  

Cash $972  

Cash over and short $8  

       To Sales revenue $980

(being cash is recorded)

Here cash is debited as it increased the assets and credited the sales as it also increased the revenue  

the company's revenue for the month totaled $950,000 from credit sales, and its cost of goods sold for the month is $540,000. Prepare summary journal entries dated October 31 to record its October production

Answers

Answer:

Date                     Account Title                                             Debit            Credit

Oct. 31                 Accounts Receivable                           $950,000  

                            Sales                                                                          $950,000

Date                     Account Title                                             Debit            Credit

Oct. 31                  Cost of goods sold                              $540,000

                             Finished goods inventory                                       $540,000

Asteria earned a $27,000 salary as an employee in 2020. How much should her employer have withheld from her paycheck for FICA taxes

Answers

Answer:

$2,070

Explanation:

Calculation to determine How much should her employer have withheld from her paycheck for FICA taxes

Social security tax 6.2%

Medicare tax which is 1.45%

Social security tax = $27,000 x 6.2%

Social security tax = $1,674

Medicare tax = $27,000 x 1.45%

Medicare tax =$391.5

FICA taxes Paycheck withheld= - $1,674 + $391.5

FICA taxes Paycheck withheld=$2,065.5

FICA taxes Paycheck withheld=$2,070 (Approximately)

Therefore How much should her employer have withheld from her paycheck for FICA taxes will be $2,070

Suppose the black market shrinks because firms shift to the formal sector, but production remains the same. GDP

Answers

Answer: will increase but this will not affect living standards

Explanation:

GDP is sometimes called an incomplete measure because there are certain measures that it does not include such as the black market.

If firms in the black market shift to the formal sector, they will now be included in GDP which means that GDP will increase.

The living standards of people in the country will probably not change however because the firms involved were simply shifting sectors and are not said to be more or less prosperous as a result. Assuming they remained the same, nothing changes for living standards.

Redbud Company uses a certain part in its manufacturing process that it buys from an outside supplier for $44 per part plus another $6 for shipping and other purchasing-related costs. The company will need 10,000 of these parts in the next year and is considering making the part internally. After performing a capacity analysis, Redbud determined that it has sufficient unused capacity to manufacture the 10,000 parts but would need to hire a manager at an annual salary of $40,000 to oversee this production activity. Estimated production costs are determined to be:
Direct material $ 28
Direct labor 12
Variable overhead 6
Fixed overhead (includes manager at $4 per unit) 10
Total unit cost $ 56
A) Identify the relevant costs to make this part internally. (Select all that apply)
A) Historical cost
B) Direct labor
C) Direct material
D) Variable overhead
E) Fixed overhead
F) New manager's salary
B) Should Redbud produce the part or continue to buy it from the outside supplier? (Select the right answer)
A) Redbud should produce the part.
B) Redbud is indifferent about the decision.
C) Redbud should continue to buy it from the outside supplier.
C.What are the other factors that Redbud Company should consider in deciding to make the part internally? (Select all that apply.)
A) Total sales quantity.
B) The potential for improved control over the availability of the parts by having it when needed and the potential for improved quality of the parts.
C) Since Redbud Company is considering the use of currently available capacity, it should evaluate any relevant opportunity costs of using this capacity for more profitable activities.

Answers

Answer:

Redbud Company

A) Relevant costs:

B) Direct labor

C) Direct material

D) Variable overhead  

F) New manager's salary

B) B) Redbud is indifferent about the decision.

C. Other factors to consider:

B) The potential for improved control over the availability of the parts by having it when needed and the potential for improved quality of the parts.

C) Since Redbud Company is considering the use of currently available capacity, it should evaluate any relevant opportunity costs of using this capacity for more profitable activities.

Explanation:

a) Data and Calculations:

Cost of buying parts from outside supplier = $50 per part

Units required in the next year = 10,000

Costs required to produce internally:

Supervisor's salaries $40,000

Direct material             $ 28

Direct labor                      12

Variable overhead            6

Fixed overhead (includes

manager at $4 per unit) 10

Total unit cost              $ 56

Relevant costs:

Direct material             $ 28

Direct labor                      12

Variable overhead            6

Fixed overhead (includes

manager at $4 per unit)  4

Total unit cost              $50

Hãy chỉ rõ điểm giống nhau và khác nhau về vấn đề sau đây: Giá trị, giá thành, giá trị cá biệt, giá trị xã hội, giá cả thị trường

Answers

Sorry I don't understand

Bonita Industries constructed a building at a cost of $14400000. Weighted-average accumulated expenditures were $5620000, actual interest was $566000, and avoidable interest was $272000. If the salvage value is $1120000, and the useful life is 40 years, depreciation expense for the first full year using the straight-line method is

Answers

Answer:

$338,800

Explanation:

Cost of the building = $14400000

Average accumulated expenditures =  $5620000

Actual interest = $566000

Avoidable interest =  $272000

Salvage value = $1120000

Useful life = 40 years

Depreciation expense for the first full year:

= ((Cost of the building + Avoidable interest) - Salvage value) / Useful life

= (($14400000 + $272000) - $1120000) / 40

= ($14672000 - $1120000) / 40

= $13552000 / 40

= $338,800

On June 10, Pais Company purchased $9,000 of merchandise from MacGyver Company, on account, terms 3/10, n/30. Pais pays the freight costs of $400 on June 11. Goods totaling $600 are returned to MacGyver for credit on June 12. On June 19, Pais Company pays McGiver Company in full, less the purchase discount. Both companies use a perpetual inventory system. Journalize perpetual inventory entries. Instructions a. Prepare separate entries for each transaction on the books of Pais Company. b. Prepare separate entries for each transaction for MacGyver Company. The merchandise purchased by Pais on June 10 cost MacGyver $5,000, and the goods returned cost McGiver $310.

Answers

Solution :

Pais Company

June 10   Inventory                                  9000

              Accounts payable                                              9000

June 11   Inventory                                   400

               Cash                                                                   400

              No entry                                     0

June 12   Accounts payable                    600

                 Inventory                                                       600

June 19    Accounts payable                 8400

              Inventory                                                          252           = 8400 x 3%

              Cash                                                                 8148

McGiver Company

June 10    Accounts Receivable           9000

                Sales revenue                                            9000

               Cost of goods sold                5000

                Inventory                                                   5000

June 12    Sales return and allowances  600

                 Accounts receivable                               600

                 Inventory                                310

                Cost of goods                                           310

June 19    Cash                                      8148

                  Sales discount                     252                                =8400 x 3%

                Account receivable                                   8400

MacKenzie Company sold $400 of merchandise to a customer who used a Regional Bank credit card. Regional Bank deducts a 2.0% service charge for sales on its credit cards and credits MacKenzie's account immediately when sales are made. The journal entry to record this sale transaction would be:

Answers

Answer:

Date                         Account Title                               Debit                  Credit

XX-XX-XXXX          Cash                                             $392

                                Credit card service charge         $   8

                                Sales                                                                        $400

Working

Cash :

= 400 * (1 - 2% service charge)

= $392

Credit card service charge:

= 400 * 2%

= $8

Situation 1: There is a Head of Human Resource (HR) in a recognized Multinational National Company (MNC). You are a marketing executive in that company. You have made a communication with the HR regarding an emergency short time leave in a Critical moment of the Company’s turnover.
In this case how you will communicate with him and convince him to provide you a short-term leave. The things to be aware of.
1. HR is a rudy person.
2. He isn't very familiar with you.
3. Company is now at a Critical Moment and there is a lot of turnovers.
4. HR is about the age of 45+
And also provide an alternative answer if the situation gets negative over you.
Ans.

Answers

Answer:

As a marketing executive of the company looking to beg an emergency leave from a HR person who is considered to be rudy, unfamiliar with me, 45+ age and also that the company is experiencing a lot of turnovers, the best way to approach the HR would be to:

1. Write an official letter to him making the intentions clear.

2. Politely ask him to consider your request even though you two are not very familiar with each other.

3. Stress the importance of the emergency and why you have to leave.

Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 32,000 direct labor-hours would be required for the period’s estimated level of production. The company also estimated $557,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.00 per direct labor-hour. Harris’s actual manufacturing overhead cost for the year was $679,453 and its actual total direct labor was 32,500 hours.
Required:
Compute the company’s plantwide predetermined overhead rate for the year.

Answers

Answer:

Predetermined manufacturing overhead rate= $19.41 per direct labor hour

Explanation:

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (557,000 / 32,000) + 2

Predetermined manufacturing overhead rate= $19.41 per direct labor hour

A newscaster earns $26600 and wants to invest 10% of his/her monthly salary to save for retirement in 28 years. if he/she invests this money at 4.2% compounded monthly, how much money will he/she have at retirement?
a) How much will be saved each year?
b) What will be the monthly deposit?
c) What will be the amount in the account after 28 years?

Answers

Answer:

Results are below.

Explanation:

Giving the following information:

Annual salary= $26,600

Number of periods= 28*12= 336

Interest rate= 0.042/12= 0.0035

First, we need to calculate the annual savings:

Annual saving= 26,600*0.1= $2,660

Now, the monthly deposit:

Monthly deposit= 2,660/12= $221.67

Finally, the future value of the investment:

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

FV= {221.67*[(1.0035^336) - 1]} / 0.0035

FV= $141,535.3

Volga Co. included a foreign subsidiary in its Year 6 consolidated financial statements. The subsidiary was acquired in Year 4 and was excluded from previous consolidations. The change was caused by the elimination of foreign currency controls. Including the subsidiary in the Year 6 consolidated financial statements results in an accounting change that should be reported:________.

Answers

Answer:

By retrospective application to the financial statements of all prior periods presented.

Explanation:

From the question we are informed about Volga Co. who included a foreign subsidiary in its Year 6 consolidated financial statements. The subsidiary was acquired in Year 4 and was excluded from previous consolidations. The change was caused by the elimination of foreign currency controls. Including the subsidiary in the Year 6 consolidated financial statements results in an accounting change that should be reported By retrospective application to the financial statements of all prior periods presented.

Consolidated financial statements can be regarded as financial statements of a particular group whereby equity, assets as well as liabilities and cash flows and expenses of the parent company as well as its subsidiaries are been presented in a way of single economic entity. In others words Consolidated financial statements can as well be regarded as financial statements of an organization having multiple divisions or multiple subsidiaries. Some firms often use the consolidated as regards financial statement reporting to describe aggregated reporting of business collectively.

XYZ Corporation produces and sells 10,000 units of Product X each month. The selling price is $40 per unit, and variable expenses are $32 per unit. A study has been made concerning whether Product X should be discontinued. The study shows that $70,000 of the $120,000 in monthly fixed expenses charged to Product X would not be avoidable even if the product was discontinued. If Product X is discontinued, the annual financial advantage (disadvantage) for the company of eliminating this product should be: Group of answer choices

Answers

Answer:

If the company discontinues Product X, income will decrease by $30,000.

Explanation:

Giving the following information:

Sales= 10,000*40= $400,000

Total variable expense= 32*10,000= 320,000

Avoidable fixed costs= $50,0000

To calculate the effect on the income of discontinuing Product X, we need to use the following formula:

Effect on income= avoidable fixed cost - total contribution margin

Effect on income= 50,000 - (400,000 - 320,000)

Effect on income= $30,000 decrease

If the company discontinues Product X, income will decrease by $30,000.

What is the value of Company X stock if the dividend next year will be $3 and is expected to grow at a rate of 4% forever if your required return is 10.74%

Answers

Answer:

PV= $44.51

Explanation:

Giving the following information:

Dividen 1= $3

Discount rate= 10.74% = 0.1074

Growth rate= 4% = 0.04

To calculate the price of the stock today, we need to use the following formula:

PV= D1 / (i - g)

PV= 3 / (0.1074 - 0.04)

PV= 3 / 0.0674

PV= $44.51

You have contracted to buy a house for $300,000, paying $50,000 as a down payment and taking a fully amortizing mortgage for the balance at a 5.5% annual interest rate for 30 years. What will your monthly payment (covering principal and interest) be if you make monthly installments over the next 30 years (round to the nearest dollar)

Answers

Answer:

The monthly payment (covering principal and interest) to be over the next 30 years is:

= $1,419.

Explanation:

a) Data and Calculations:

Home Price  $300,000

Down Payment  16.666667 % ($50,000/$300,000 * 100)

Loan Term  30  years

Interest Rate  5.5%

Results:  

Monthly Pay:   $1,419.47

House Price $300,000.00

Down Payment $50,000.00

Loan Amount $250,000.00  

Total of 360 Mortgage Payments $511,010.10

Total Interest $261,010.10

Piedmont Company segments its business into two regions - North and South.
The company prepared the contribution format segmented income statement shown below:
Total Company North South
Sales $800,000 $600,000 $200,000
Variable expenses 560,000 480,000 80,000
Contribution margin 240,000 120,000 120,000
Traceable fixed expenses 122,000 61,000 61,000
Segment margin $118,000 $59,000 $59,000
Common fixed expenses 52,000
Net operating income $66,000
Required:
1. Compute the company-wide break-even point in dollar sales.
2. Compute the break-even point in dollar sales for the North region.
3. Compute the break-even point in dollar sales for the South region.

Answers

Answer:

1. Company-wide break-even point in dollar sales:

Break even point in dollar sales = (Traceable fixed expenses + Common fixed expenses) / Contribution margin %

Contribution margin % = Contribution margin / Sales revenue * 100%

= 240,000 / 800,000 * 100%

= 30%

Break even point in dollar sales :

=  (122,000 + 52,000) / 30%

= $580,000

2. Break-even point in dollar sales for the North region.

Break even point in dollar sales = Traceable fixed costs / Contribution margin %

Contribution margin % = Contribution margin / Sales revenue * 100%

= 120,000 / 600,000 * 100%

= 20%

Break even point in dollar sales :

= 61,000 / 20%

= $305,000

3. Break-even point in dollar sales for the South region.

Break even point in dollar sales = Traceable fixed costs / Contribution margin %

Contribution margin % = Contribution margin / Sales revenue * 100%

= 120,000 / 200,000 * 100%

= 60%

Break even point in dollar sales :

= 61,000 / 60%

= $101,666.67

Microhard has issued a bond with the following

Answers

Par

Time to maturity

Coupon rate

Semiannual payments

What is a plan implemented by a company promising value to its customers and converting customer payments into a profit called

Answers

Answer:

Business model

Explanation:

A business plan can be defined as a formally written document that comprises of the financial and operational objectives (plans) of a business firm.

Basically, a business plan is a roadmap or guide that outline the goals of a business, methods on how to achieve those goals, and the timeframe required to achieve those goals.

Similarly, a business model can be defined as a plan developed and implemented by a company while expressly promising value to its customers and converting the payments made by customers for goods or services into a profit.

University Car Wash built a deluxe car wash across the street from campus. The new machines cost $270,000 including installation. The company estimates that the equipment will have a residual value of $24,000. University Car Wash also estimates it will use the machine for six years or about 12,000 total hours. Actual use per year was as follows: Year Hours Used 1 3,100 2 1,100 3 1,200 4 2,800 5 2,600 6 1,200 2. Prepare a depreciation schedule for six years using the double-declining-balance method.

Answers

Answer:

Year       Depreciation expenses

  1                        $90,000

 2                        $60,000

 3                        $40,000

 4                        $26,667

 5                        $17,778

 6                        $11,556

Explanation:

Note: See the attached excel file for the depreciation schedule for six years using the double-declining-balance method.

The double-declining-balance method is a depreciation approach in which the rate of depreciation for an asset is twice the rate of depreciation for the straight line method.

In the attached excel, the double-declining-balance depreciation rate is therefore calculated as follows:

Straight line depreciation rate = 1 / Number of expected useful years = 1 / 6 = 0.166666666666667 = 16.6666666666667%

Double-declining depreciation rate = Straight line depreciation rate * 2 = 16.6666666666667% *2 = 33.3333333333334%

Also note the following in the attached excel file:

Beginning depreciable amount in Year 1 = Cost of the new machine = $270,000

The depreciation expenses for Year 6 is calculated by deducting the residual value of $24,000 from Year 6 Beginning depreciable amount. That is:

Depreciation expenses for Year 6 = $35,556 - $24,000 = $11,556

The residual value of $24,000 therefore represents the book value at the end of Year 6.

From the attached excel file, we therefore have:

Year       Depreciation expenses

  1                        $90,000

 2                        $60,000

 3                        $40,000

 4                        $26,667

 5                        $17,778

 6                        $11,556

(Advanced analysis) Answer the question on the basis of the following information for a mixed open economy. The letters Y, Ca, Ig, Xn, G, and T stand for GDP, consumption, gross investment, net exports, government purchases, and net taxes respectively. Figures are in billions of dollars. Refer to the information. If government desired to raise the equilibrium GDP to $650, it could:

Answers

Answer:

The correct option is c. raise G by $30 or reduce T by $40.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

(Advanced analysis) Answer the question on the basis of the following information for a mixed open economy. The letters Y, Ca, Ig, Xn, G, and T stand for GDP, consumption, gross investment, net exports, government purchases, and net taxes respectively. Figures are in billions of dollars.

Ca = 25 + 0.75(Y - T)

Ig = Ig0 = 50

Xn = Xn0 = 10

G = G0 = 70

T = T0 = 30

Refer to the information. If government desired to raise the equilibrium GDP to $650, it could:

a. raise G by $45 or reduce T by $10.

b. raise G by $40 and reduce T by $30.

c. raise G by $30 or reduce T by $40.

d. raise both and T by $40.

e. reduce G by $30 and increase T by $40.

The explanation of the answer is now provided as follows:

Equilibrium GDP (Y) can be obtained as follows:

Y = C + G + I + Xn …………………….. (1)

Substituting all the values in the question into equation (1) and solve for Y, we have:

Y = 25 + 0.75(Y - 30) + 70 + 50 + 10

Y = 0.75Y - 22.50 + 155

Y – 0.75Y = 132.50

0.25Y = 132.50

Y = 132.50 / 0.25

Y = 530

Therefore, we have:

Y = Current equilibrium GDP = $530

Amount of increase in equilibrium GDP required = Desired equilibrium GDP – Current equilibrium GDP = 650 - 530 = 120

From the question, we have:

Ca = 25 + 0.75(Y - T) ………………. (2)

The 0.75 in equation (2) is the marginal propensity to consume (MPC). Therefore, we have:

MPC = 0.75

Expenditure multiplier = 1 / (1 - 0.75) = 4

Tax multiplier = - MPC / (1 – MPC) = -0.75 / (1 – 0.75) = -3

Amount of increase in G or government expenditure required = Amount of increase in equilibrium GDP required / Expenditure multiplier = 120 / 4 = $30

Amount of tax cut or decrease in T required = Amount of increase in equilibrium GDP required / Tax multiplier = 120 / (-3) = -$40

Therefore, correct option is c. raise G by $30 or reduce T by $40.

Generally Accepted Accounting Principles (GAAP), the accounting rule book. In the following scenario, please indicate which GAAP rule is being violated and why. Follow up with comments about why you think the rule exits and is important.
Scenario: XYZ Inc. was in the process of preparing its financial statements. XYZ is hoping to get approved for a loan from the First National Big Bank. XYZ's sole shareholder Slick, notices that the cash listed on the balance sheet is $4,000. Slick suggests that the balance sheet should include his personal current cash balance of $100,000. Slick convinces the company accountant to change cash on XYZ's balance sheet to $104,000. After all, he would gladly put his personal cash in if needed.

Answers

Answer: Business Entity Concept

Explanation:

The Business entity concept posits that the owners of a business and the business itself, are different entities. This means that transactions involving the two are not to be mixed up but are to be recorded separately.

The reason this concept exists is to ensure that a business is analyzed and treated on its on merit and not that of its owner because the owner might be successful and the business isn't. The reverse is also true.

XYZ Inc violates this concept here by mixing the accounts of the owner and the business in order to influence a loan decision. This goes against accounting concepts and gave the company an incorrect valuation.

Calculate the activity rate per grooming order. $fill in the blank 1 per grooming order 2. Calculate, in terms of grooming orders, the: a. Total activity availability fill in the blank 2 grooming orders b. Unused capacity fill in the blank 3 grooming orders 3. Calculate the dollar cost of: a. Total activity availability $fill in the blank 4 b. Unused capacity

Answers

Solution :

1. calculate the activity rate per grooming order

Activity rate                                                            Amount paid to agent    

                                                                             Number of grooming order

                                                                                         28,000          

                                                                                          4,000

Therefore, the activity rate  = 7 per grooming order

2. Calculating, in terms of grooming order, the :

a. Total activity availability

   Number of grooming orders  (A)                         =    4,000

   Number of agents (B)                                                        5  

  Total activity availability (A x B)                               20,000

b). Total activity availability                                     20,000

Less: Orders actually processed                           (17,800)            

Unused capacity                                                     2,200

3. calculating the dollar cost of :

a). Amount paid to the agent (A                       28,000

Number of agents (B)                                                5    

Total activity availability in dollars (AxB)        140,000

b). Unused capacity (A)                                       2,200

Activity rate (B)                                                           7

Unused capacity in dollars (AxB)                    15,400

                                                 

Which of the following describes the tax advantage of a qualified retirement plan

Answers

Answer:

Qualified retirement plans give employers a tax break for the contributions they make for their employees. Those plans that allow employees to defer a portion of their salaries into the plan can also reduce employees' present income-tax liability by reducing taxable income.

Provides a way to accumulate substantial retirement income.

Those are some reasons, hope they helped!!

Explanation:

The manager of a crew that installs carpeting has tracked the crew’s output over the past several
weeks, obtaining these figures:
Week Crew Size Yards Installed
1 4 96
2 3 72
3 4 92
4 2 50
5 3 69
6 2 52
Compute the labor productivity for each of the weeks. On the basis of your calculations, what can
you conclude about crew size and productivity?

Answers

The crew size yards installed is 5369

What does a MRTS​ = ​mean? It means that if the input on the horizontal axis is increased by one​ unit, then the input on the vertical axis ▼ increases decreases by units and output will ▼ increase decrease not change .

Answers

Answer:

MRTS​ means that if the input on the horizontal axis is increased by one​ unit, then the input on the vertical axis decreases by units and output will not change.

Explanation:

The marginal rate of technical substitution (MRTS) can be described as the amount by which one input's quantity must be decreased when an additional unit of another input is used to keep output constant. MRST is also known as technical rate of substitution.

Therefore, MRTS​ means that if the input on the horizontal axis is increased by one​ unit, then the input on the vertical axis decreases by units and output will not change.

Lil Uzi Vert or Gunna?​

Answers

Lil Uzi Vert but of course gunna is a legend

Answer:

Lil uzi

Explanation:

If the demand for a product was 16, 28, 20 and 24 units in four consecutive months, and the corresponding forecasts in those four months were 20, 16, 20 and 30 units respectively, what is the MAD at the end of four months

Answers

Answer:

5.5 units

Explanation:

Period   Actual     Forecast   Absolute deviation

   1            16              20                     4

  2            28              16                    12  

  3            20              20                    0

  4            24              30                    6

Total                                                   22

Mean absolute deviation(MAD) = Sum of absolute deviation / Number of periods

Mean absolute deviation(MAD) = 22 / 4

Mean absolute deviation(MAD) = 5.5 units

When a company assigns the costs of direct materials, direct labor, and both variable and fixed manufacturing overhead to products that company is using

Answers

Answer: Absorption costing

Explanation:

Absorption costing believes that all costs that went into the production of a good or service should be absorbed by/ apportioned to those same goods and services regardless of if the costs are direct or indirect.

It works by first assigning the direct costs such as labor and material and then it apportions the indirect costs such as the variable and fixed manufacturing overhead costs. Absorption costing is the preferred costing method for presenting financial statements outside the company by both IFRS and U.S. GAAP.

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