He Saved
Chapter 3 HW A
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(a) The future value of a $1,000 savings deposit after eight years at an annual interest rate of 4 percent. Use Exhibit 1.A. (Round time
value factor to 3 decimal places and final answer to 2 decimal places.)
Future value
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(b) The future value of saving $2.480 a year for five years at an annual interest rate of 3 percent. Use Exhibit 1.B. (Round time value
factor to 3 decimal places and final answer to 2 decimal places.)
References
Future value
(c) The present value of a $2,530 savings account that will earn 2 percent interest for four years. Use Exhibit 1-C (Round time value
factor to 3 decimal places and final answer to 2 decimal places.)
Present value

The following cost data relate to the manufacturing activities of chang company during the just completed year: manufacturing overhead costs incurred: indirect materials $ 15,800 indirect labor 138,000 property taxes, factory 8,800 utilities, factory 78,000 depreciation, factory 150,600 insurance, factory 10,800 total actual manufacturing overhead costs incurred $ 402,000 other costs incurred: purchases of raw materials (both direct and indirect) $ 408,000 direct labor cost $ 68,000 inventories: raw materials, beginning $ 20,800 raw materials, ending $ 30,800 work in process, beginning $ 40,800 work in process, ending $ 70,800 the company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. a total of 20,500 machine-hours were used during the year. required: 1. compute the amount of underapplied or overapplied overhead cost for the year. 2. prepare a schedule of cost of goods manufactured for the year.

Amethod of allocating merchandise cost that assumes the first merchandise bought was the first merchandise sold is called the a. last-in, first-out method. b. first-in, first-out method. c. specific identification method. d. average cost method.

What is a potential negative effect of an expansionary policy? decreased borrowing increased interest rates increased inflation decreased available credit