Lucas industries uses departmental overhead rates to allocate its manufacturing overhead to jobs. the company has two departments: assembly and sanding. the assembly department uses a departmental overhead rate of $ 45 per machine hour, while the sanding department uses a departmental overhead rate of $ 30 per direct labor hour. job 603 used the following direct labor hours and machine hours in the two departments:
assembly department sanding department
direct labor hours used 6 4
machine hours used 8 5
the cost for direct labor is $25 per direct labor hour and the cost of the direct materials used by job 603 is $1200.
what was the total cost of job 603 if james industries used the departmental overhead rates to allocate manufacturing overhead?

When the federal reserve buys bonds from or sells bonds to member banks, it is called monetary policy reserve ratio interest rate adjustment open market operations

Magic realm, inc., has developed a new fantasy board game. the company sold 15,000 games last year at a selling price of $20 per game. fixed expenses associated with the game total $182,000 per year, and variable expenses are $6 per game. production of the game is entrusted to a printing contractor. variable expenses consist mostly of payments to this contractor.required: 1-a. prepare a contribution format income statement for the game last year.1-b. compute the degree of operating leverage.2. management is confident that the company can sell 58,880 games next year (an increase of 12,880 games, or 28%, over last year). given this assumption: a. what is the expected percentage increase in net operating income for next year? b. what is the expected amount of net operating income for next year? (do not prepare an income statement; use the degree of operating leverage to compute your answer.)

Andrea cujoli is a currency speculator who enjoys "betting" on changes in the foreign currency exchange market. currently the spot price for the japanese yen is ¥129.87/$ and the 6-month forward rate is ¥128.53/$. andrea would earn a higher rate of return by buying yen and a forward contract than if she had invested her money in 6-month us treasury securities at an annual rate of 2.50%. true/false?