INTERMEDIATE ACCOUNTING WPNG MULTI-S
17th Edition
ISBN: 2818440096532
Author: Kieso
Publisher: WILEY
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Last year, BrightTech Inc. reported earnings per share (EPS)
of $5.50, and its stock price was $110.00. This year, its
earnings increased by 15%. If the P/E ratio remains constant,
what is likely to be the price of the stock?
a) $120.75
b) $126.50
c) $115.00
d) $132.00
Give me solution this question
Rolex Industries uses a predetermined overhead rate based on direct labor hours. The company applies overhead at a rate of $9 per direct labor hour, which consists of a variable overhead rate of $5 per direct labor hour and a fixed overhead rate of $4 per direct labor hour. The budgeted fixed overhead costs for the period total $60,000. Using the budgeted direct labor hours, calculate the total budgeted overhead for the period.
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