Actual hours worked were 195,000 and actual overhead was $ 978,000.
( a) Compute the predetermined manufacturing overhead rate.( b) Compute the applied manufacturing overhead.( c) Compute the amount of over / under applied manufacturing overhead. Points Received: 25 of 25 Page: 1 2 3 4 1. Question:( TCO 9) An investment of $ 185,575 is expected to generate returns of $ 65,000 per year for each of the next four years. What is the investment ' s internal rate of return? Points Received: 25 of 25 2. Question:( TCO 4) Legal Docs Inc is a legal services firm that files incorporation papers for small businesses. They charge $ 1,000 per application. This year ' s income statement shows the following:
Sales $ 1,295,000 Variable Expenses $ 1,023,000 Contribution margin $ 272,000 Fixed costs $ 250,000 Profit $ 22,000
Required:( a) Compute the break-even point in units.( b) Compute the contribution margin ratio.( c) Compute the current margin of safety.( d) How many applications must the company sell to make a profit of $ 350,000?