2. Calculate the direct material and the direct labour variances. 3. Based on your answer to (2), should Magic Plastic's management be concerned about its variances? Explain why? Magic Plastics uses a standard costing system to assist in the evaluation o ...
So, we divide the annual interest rate by the number of days in a year, 365, to get the daily rate of interest. Press ENTER. Read More: Create a Post-Judgement Interest Calculator in Excel Step 3 – Calculate the Daily and Monthly Revenue Next, we’ll compute the daily earnings as we...
Step 8:Compute the basis points the standard deviation of thebond's yield. σ yield = Yield * σ annual This value will reflect the standard deviation in terms of basis points around the current yield of the bond. A bond's yield can be analyzed in conjunction with the standard deviation ...
Compute your annual compound interest rate. You will need to take your interest rate and convert it into a decimal or percentage that can be added to 1 (100%). You can use the excel formula for this. Add your annual compound interest rate to 1. This is the number you are multiplying ...
Raise the result from step 2 to the 365th power, where 365 represents the number of times per year the interest is compounded. Continuing with our hypothetical rate, 1.00018 to the 365th would compute to 1.067899983. We Recommend Step 4 ...
To get a better handle on what compound interest means for your credit card debt, divide the APR by 12 to compute the monthly percentage rate. Then multiply that rate by the average daily balance to arrive at your estimated interest charges for the month. The formula would be: APR/12...
The basic formula to compute the 13th month pay is: 13th Month Pay = Total Basic Salary Earned During the Year ÷ 12 Step-by-Step Guide Step 1. Determine the Total Basic Salary for the Year: Add up all thebasic salaryyou earned during the year (from January to December). ...
Calculating time and a half for hourly workers is fairly straightforward because you’re already aware of their hourly rate . To compute overtime pay , look at this example and follow these steps. Say, Dave is an hourly worker who earns $13 per hour. For this week, Dave has worked a...
I have the set of data below (For about 6000 companies and not only 3, and daily data until 2004). What I need to do is, for each company at a time, set a new column - say column D - with Returns (col.C) minus the risk free rate (col.G) for the correspondent ...
You can usually calculate your salary after tax by multiplying your gross income by your area's tax rate. If your country has...