Marigold Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor $1.40 Indirect materials 0.80 Utilities 0.30 Fixed overhead costs per month are Supervision $3,800, Depreciation $1,700, and Property Taxes $500. The company believes it will normally operate in a range of 7,400โ11,600 direct labor hours per month. Assume that in July 2020, Marigold Company incurs the following manufacturing overhead costs. Variable Costs Fixed Costs Indirect labor $14,010 Supervision $3,800 Indirect materials 8,030 Depreciation 1,700 Utilities 2,650 Property taxes 500 (a) Prepare a flexible budget performance report, assuming that the company worked 10,200 direct labor hours during the month. (List variable costs before fixed costs.) MARIGOLD COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Difference Budget Actual Costs Favorable Unfavorable Neither Favorable nor Unfavorable $ $ $ $ $ $ (b) Prepare a flexible budget performance report, assuming that the company worked 9,700 direct labor hours during the month. (List variable costs before fixed costs.) MARIGOLD COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2020 Difference Budget Actual Costs Favorable Unfavorable Neither Favorable nor Unfavorable $ $ $ $ $ $
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Rossdale co. stock currently sells for $68.91 per share and has a beta of 0.88. the market risk premium is 7.10 percent and the risk-free rate is 2.91 percent annually. the company just paid a dividend of $3.57 per share, which it has pledged to increase at an annual rate of 3.25 percent indefinitely. what is your best estimate of the company's cost of equity?
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Marigold Company uses a flexible budget for manufacturing overhead based on direct labor hours. Vari...
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