The master budget of windy co. shows that the planned activity level for next year is expected to be 50,000 machine hours. at this level of activity, the following manufacturing overhead costs are expected:
indirect labor 720,000
machine supplies 180,000
indirect materials 210,000
depreciation on factory building 150,000
total manufacturing overhead $1,260,000

a flexible budget for a level of activity of 60,000 machine hours would s manufacturing overhead costs of

(a) $1,482,000.
(b) $1,260,000.
(c) $1,512,000.
(d) $1,362,000.

Stock a has a beta of 1.2 and a standard deviation of 20%. stock b has a beta of 0.8 and a standard deviation of 25%. portfolio p has $200,000 consisting of $100,000 invested in stock a and $100,000 in stock b. which of the following statements is correct? (assume that the stocks are in equilibrium.) (a) stock b has a higher required rate of return than stock a. (b) portfolio p has a standard deviation of 22.5%. (c) portfolio p has a beta equal to 1.0. (d) more information is needed to determine the portfolio's beta. (e) stock a's returns are less highly correlated with the returns on most other stocks than are b's returns.