Franklin Auto Works uses a job order cost system. Overhead is applied to jobs on the basis of direct labor hours. During the current period, Job No. 412 was charged $520 in direct materials, $560 in direct labor, and $225 in overhead. If direct labor costs an average of $18 per hour, what is the company's overhead application rate?

General accounting question

A $2,000 bond issued in 2018 pays $180 in interest each year. What is the current yield on the bond if it can be purchased for $1,500? I Want Answer