The objective(s) of a cash pool for a company is to efficiently manage and consolidate its cash resources, optimize liquidity, and minimize external borrowing costs.
By centralizing cash balances from various subsidiaries or entities, a cash pool enables the company to have better control over its cash position, reduce idle cash, and effectively allocate funds where needed. This can improve cash flow management, enhance interest income or reduce interest expense, streamline cash operations, and support strategic decision-making.
Strengths and weaknesses of the provided cash pool setup:
Strengths:
Efficient cash management: The cash pool arrangement allows for daily sweeping of EUR and USD accounts, ensuring optimal use of cash resources and reducing idle balances.
Simplified intercompany settlements: The use of AED for intercompany settlements within Company A streamlines transactions and avoids the need for multiple currency conversions.
Cost savings: By consolidating cash balances and managing liquidity effectively, the company can potentially reduce external borrowing costs and optimize interest income.
Weaknesses:
Limited currency inclusion: The cash pool setup only includes EUR, USD, and AED accounts, which may limit the effectiveness for subsidiaries using other currencies.
Weekly AED sweeping: Weekly sweeping of AED balances may result in suboptimal cash management and potentially higher cash balances than necessary between sweep dates.
Dependency on fixed FX rate: Relying on a fixed exchange rate for converting AED to USD may expose the company to exchange rate risk if market rates significantly deviate from the fixed rate.
It's important to note that a comprehensive assessment of the cash pool setup would require additional information about the company's specific cash management goals, business operations, and risk tolerance.
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The shelf life of milk is 7 days. You have 22 gallons on hand. You normally sell 4 gallons each day. Do you expect to have to throw out any milk?
Explanation: You will throw away no gallons of milk because if you sell 4 gallons every day then 7 times 4 equals 28 so you will only work for 5 an a half days.
Answer:
B
Explanation:
What are the economic goals of a ancient command economy?
These ancient command economies' main objective was to amass wealth and goods for the ruling class while maintaining stability in the economy. The numerous monuments that these societies have left behind serve as evidence of both their societies'.
Strong economy and the excesses of their kings. A command economy is designed to help the government achieve its economic objectives. These objectives may include maintaining full employment, limiting inflation, or fostering particular businesses. Thus, boosting economic output is not always the goal of goods command economy. Market economies often support economic liberty, effectiveness, and expansion (with full employment being a desirable side effect of these choices).
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What will be the end result for the taxpayer who filed his federal income tax
return using the 1040EZ form shown below?
Answer:
I got " He Will Owe $180
Explanation:
A P E X
Answer: he will owe 250
Explanation:
what is the process of decision-making plan?
The process of decision-making plan refers to the process that involves making and evaluating each set of interrelated decisions.
What is decision making plan?Decision making plan is when different possible solutions to problems are identified whilst making use of the most feasible course of action.
The decision-making process is essential for any organization hence helps in choosing the best decision to reach the objectives and goals.
Steps to the process of decision-making plan includes :
Identify the decision.Gather relevant information.Identify the alternatives.Analysis of relevant information.Selection of the best alternative.Performance evaluation.Learn more about decision-making plan here : https://brainly.com/question/17622567
I need help with the below part where the selected company : Accel Entertainment, Inc. (ACEL)
The purpose of the third part of the comprehensive project is to use resources available to obtain industry averages for commonly used ratios. Additionally, you will compare company ratio results to industry averages.
Obtain the four-digit primary SIC (Standard Industrial Classification) Code and industry title for your company. Record the primary SIC code and industry title at the top of the Ratio Analysis Worksheet.
Obtain industry averages for commonly used ratios in the current period. Industry average information is reported by industry title or SIC code.
Look up the following industry-average ratios:
Current ratio
Debt ratio
Gross profit margin
Times interest earned
Accounts receivable turnover
Inventory turnover
Return on Sales
Asset Turnover
Return on Assets
Financial Leverage
Return on Equity
Note that some industry averages may not apply to your company.
Alternative to Industry Averages:
If you are not able to find the industry average for part 3 of your project, please consider the following:
Unfortunately, some of the websites where you can find industry averages will require you to pay for them. Instead of using the industry average, calculate the same ratios for one of the competitors to the company you used in your project.
If industry averages are not available, an alternative approach is to calculate the same ratios for a competitor of the selected company. This allows for meaningful comparisons and insights into the company's performance relative to its competitors.
In the absence of industry average data, a viable alternative is to analyze the ratios of a competitor in the same industry. By selecting a competitor with similar business operations and size, meaningful comparisons can be made to assess the selected company's performance. This approach provides valuable insights into how the company fares relative to its competitors in terms of key financial ratios. To implement this alternative, identify a competitor within the same industry and gather their financial statements or other relevant information. Calculate the same ratios as outlined in the project for both the selected company and the competitor. By comparing the ratio results, it becomes possible to evaluate the selected company's performance in areas such as liquidity, profitability, efficiency, and leverage compared to its industry peers. While industry averages offer a broader perspective, analyzing a competitor's ratios still provides valuable insights for assessing the company's financial performance and identifying areas of strength and weakness.
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If you have $21,000 in your FDIC insured bank account and your bank goes bankrupt, you will receive
A. $5,000
B.12,000
C.21,000
D.$42,000
E.Nothing
Production and Purchases Budgets Drainage Solutions Culverts produces small culverts for water drainage under two-lane dirt roads. Budgeted unit sales for the next several months are: Month Sales September 2,300 October 1800 November 1,100 December 800 At the beginning of September, 575 units of finished goods were in inventory. During the final third of the year, as road construction declines, plans are to have an inventory of finished goods equal to 25 percent of the following month's sales. Each unit of finished goods requires 600 pounds of raw materials at a cost of $5 per pound. Management wishes to maintain month-end inventories of raw materials equal to 50 percent of the following month's needs. Five hundred thousand pounds of raw materials were on hand at the start of September Required a. Prepare a production budget for September, October, and November Do not use a negative sign with your answers. Drainage Solutions Culverts Production Budget For the Months of September, October, and November Sept. Oct. Nov. Dec. Budgeted sales Plus desired ending inventory Total inventory Less beginning inventory requirements Budgeted production
Budgeted production for September is 2175, October is 1625, November is 1025, Budgeted purchases for sept and October is 6462500 and 3975000.
The sales forecast and the anticipated quantity of inventory of finished goods to be on hand are combined to create the production budget, which determines the number of items that must be made. To track the value of the firm's operations and the quantity of goods sold, a purchasing budget is developed. You can use it to keep track of your monthly target ending inventory value as well. The budget for purchases is frequently only a portion of the overall business budget and is frequently included in the master budget
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answer in 5 minutes
Isometric perspective uses parallel lines instead of vanishing points. True False
False. Isometric perspective is a type of 3D representation that uses parallel lines to create the illusion of depth and space.
In traditional perspective drawings, objects appear to recede into the distance, and parallel lines converge towards a single vanishing point. However, in isometric perspective, parallel lines remain parallel and do not converge.
In an isometric drawing, all three axes (x, y, and z) are equally foreshortened, creating the illusion of depth and space. This means that objects retain their proportions and angles, maintaining a consistent scale throughout the drawing. Isometric drawings are often used in technical and architectural illustrations to provide a clear and accurate representation of objects and structures.
By using parallel lines instead of vanishing points, isometric perspective simplifies the process of creating three-dimensional drawings. It allows for easier measurement and accurate representation of objects' dimensions, making it a valuable tool for visualizing complex designs and communicating technical information.
Overall, isometric perspective offers a practical and efficient way to depict three-dimensional objects, providing a clear and consistent representation of depth and space without the need for vanishing points.
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Which scenarios can be considered effects of Sole Sister Shoe Store choosing to sell dress shoes over sneakers? Select two answers.
Answer:
Option 1 and 2
Explanation:
Complete Question
Which scenarios can be considered effects of Sole Sister Shoe Store choosing to sell dress shoes over sneakers?
CHECK ALL THAT APPLY.
High school athletes stop shopping there. The inventory of sports socks goes unsold. Publicity for the store declines. Profits decline because dress shoes cost less than sneakersSolution
Sole Sister Shoe Store chooses to sell dress shoes over sneakers because the customers of sneakers stopped shopping from the store. Sneakers are mainly purchased by the high school athletes over any other footwear. Now, they stopped shopping and hence Sole Sister Shoe Store started selling dress shoes
Also, sports socks' inventory is unsold indicating the reduction in sale of sneakers and hence the Sole Sister Shoe Store started selling dress shoes
Answer:
A - high school athletes stop shopping there.
B - The inventory of sports socks goes unsold.
Explanation:
>.<
Briefly explain four (4) casual factors of disasters in Ghanaian
industries.
Four factors of disasters in Ghanaian industries are: Poor Safety Practices and Standards, Inadequate Maintenance and Infrastructure, Human Error and Lack of Proper Training, Weak Regulatory Framework and Enforcement.
Poor Safety Practices and Standards: Insufficient adherence to safety protocols, inadequate training, and lack of safety equipment increase the risk of accidents and disasters in Ghanaian industries.
Inadequate Maintenance and Infrastructure: Insufficient investment in maintenance and neglecting infrastructure upgrades lead to equipment failures, structural collapses, and other catastrophic incidents.
Human Error and Lack of Proper Training: Lapses in judgment, inadequate training, and failure to follow procedures contribute to industrial disasters due to human error.
Weak Regulatory Framework and Enforcement: Inadequate oversight, ineffective regulatory agencies, and poor enforcement of safety regulations create an environment where industries operate with little accountability, increasing the risk of disasters.
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PLEASE PROVIDE STEP BY STEP CALCULATION FOR THIS QUESTION.TQ Anna and Bob have decided to buy an apartment. The cost of the apartment is RM150,000. They can get a 25-year mortgage at 8% and plan to make a down payment of 20% of the selling price. What will be their monthly mortgage payment?
Anna and Bob will have 828,52 as a mortgage payment.
Given that The cost of the apartment is RM150,000They can get a 25-year mortgage at 8%They plan to make a down payment of 20% of the selling price We need to find their monthly mortgage payment.
Let's first calculate the down payment made by Anna and Bob.
Amount of the down payment = 20% of the selling price
Down payment = 20% of RM150,000
Down payment = (20/100) * 150,000
Down payment = 30,000.
Now, the mortgage amount is calculated as the difference between the cost of the apartment and the down payment.
Mortgage amount = Cost of the apartment - Down payment
Mortgage amount = 150,000 - 30,000
Mortgage amount = 120,000.
The loan term is 25 years, which means there will be 12 * 25 = 300 monthly payments. Now, we can use the formula for monthly payment on mortgage which is given as,
P = L[c(1 + c)n]/[(1 + c)n - 1]
where, P = monthly payment, L = Loan amount
c = interest rate / 12n = total number of payments
Putting the given values, we get P = 120,000[0.08/12(1 + 0.08/12)^300]/[(1 + 0.08/12)^300 - 1]
P = 828.52.
Therefore, Anna and Bob will have 828,52 as a mortgage payment.
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determine the price these bonds issued to yield the 10% market rateand record their issuance by the medae group
A bond issuance is recorded by creating a liability for the principal amount, recording the proceeds received, and accounting for associated costs and interest expenses over the term of the bond.
To record a bond issuance, a company would typically create a liability on its balance sheet for the principal amount of the bonds issued, and record the proceeds received from the sale of the bonds as cash or a cash equivalent asset.
The company would also need to record any associated costs, such as underwriting fees or legal expenses, as a reduction to the cash received.
In addition, the company would need to record interest expense on the bonds over their term, based on the stated interest rate and the carrying value of the bond liability. This interest expense would be recorded on the income statement as an operating expense and would reduce the company's net income.
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Complete question:
What is the price at which the Medae Group issued their bonds to achieve a 10% yield in the market, and how can this issuance be recorded?
Which term refers to a network that provides secure access to the corporate offices by suppliers, customers and collaborators?.
The term that refers to a network that provides secure access to the corporate offices by suppliers, customers, and collaborators is an extranet.
An extranet is a type of computer network that allows for secure access to the corporate offices by suppliers, customers, and collaborators. It is a private network that uses the internet's transmission protocols and public telecommunication system to provide a secure, password-protected communication environment. An extranet is designed to give selected users access to specific areas of the company's intranet by providing a secure connection that is separate from the internet and its inherent insecurities. The extranet is also known as a business-to-business (B2B) network, which means it is used for secure transactions between businesses.The extranet allows suppliers to check the status of their orders, for example, or collaborate with a team on a project. Customers can log in to the extranet to view their order history or place a new order.
Collaborators, on the other hand, can access the extranet to share files and work on projects together. With an extranet, authorized users can access the company's data from anywhere, anytime, and from any device. It is an efficient way to share information, work together on projects, and communicate securely.
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a bank’s reserve ratio is 8 percent and the bank has $1,000 in deposits. its reserves amount to
A bank’s reserve ratio is 8 percent and the bank has $1,000 in deposits. its reserves amount to $80.
A bank is a type of financial entity that lends money while both taking deposits from the general public and generating demand deposits. The bank may engage in lending activities directly or indirectly through the capital markets.
Because banks are crucial to the financial stability and economic health of a nation, they are subject to intense regulation in most countries. The majority of nations have institutionalised the fractional reserve banking system, in which banks keep liquid assets that are only partially equivalent to their current obligations.
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True or false? Technology alone will solve most of your client’s problems. As long as you have a basic implementation strategy, you don’t need to worry about building out a detailed plan.
Answer:
ture
Explanation:
technology is here to solve your problems
Technology alone will solve most of your client’s problems. As long as you have a basic implementation strategy, you don’t need to worry about building out a detailed plan, this statement is true.
What is technology?Technology is the development, application, and knowledge of tools, techniques, skills, systems, or administrative procedures used to address a challenge or further a certain objective. Business Models for the Digital Economy.
The primary goal of technology, which combines tools to promote development, use, and information interchange, is to simplify work and find solutions to many of humanity's issues. We must underline the advantages of technology as it develops and continues to make our lives easier.
Hence, Technology alone will solve most of your client’s problems. As long as you have a basic implementation strategy, you don’t need to worry about creating out a detailed plan.
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Travel and tourism is the world's largest industry true or false
Answer:
False
Explanation:
Global Consumer Electronics Manufacturing is
3. Why are people who are unemployed but not looking for work not included in
the unemployment figures? (Hint: think of teenagers)
Need help due TODAY
Answer:
Because they don't keep track on it.
Explanation:
Basically they are just included in it because they don't keep track of it. Hope that helps!
francis inc.'s stock has a required rate of return of 10.25%, and it sells for $57.50 per share. the dividend is expected to grow at a constant rate of 6.00% per year. what is the expected year-end dividend, d1?
The expected year-end dividend, d1, can be calculated using the following formula: d1 = D0 * (1 + g) where D0 is the current dividend and g is the expected constant growth rate.
In this case, we are given that Francis Inc.'s stock sells for $57.50 per share and has a required rate of return of 10.25%. We are also told that the dividend is expected to grow at a constant rate of 6.00% per year.
To calculate the expected year-end dividend, we first need to find the current dividend, D0. We can do this by rearranging the dividend discount model formula: D0 = (r * P0) / (1 + g)
where r is the required rate of return and P0 is the current stock price.
Substituting the given values, we get:
D0 = (0.1025 * 57.50) / (1 + 0.06) = $2.292
Now, we can use the formula for d1:
d1 = D0 * (1 + g) = 2.292 * (1 + 0.06) = $2.43
1. To find the expected year-end dividend (D1), we need to first find the dividend yield using the formula:
Dividend Yield = (Required Rate of Return - Dividend Growth Rate) / Stock Price
2. Plug in the given values:
Dividend Yield = (10.25% - 6.00%) / $57.50
3. Calculate the dividend yield:
Dividend Yield = 0.0425 (4.25%)
4. Now, use the dividend yield to find D1 with the formula:
D1 = Dividend Yield × Stock Price
5. Plug in the values:
D1 = 0.0425 × $57.50
6. Calculate D1:
D1 = $3.23
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why is my credit score low after getting a credit card
There are several reasons why your credit score may be low after getting a credit card. One possible reason is that you may have missed a payment or made a late payment, which can negatively impact your credit score. Additionally, if you have a high balance on your credit card, it can increase your credit utilization ratio, which can also lower your credit score.
There are several reasons why your credit score may be low after getting a credit card. Here are a few possibilities:
High credit utilization: If you are using a large percentage of your available credit, this can negatively impact your credit score. Ideally, you should aim to use no more than 30% of your credit limit.Late payments: Missing a payment or making a payment late can have a significant impact on your credit score. It's important to make all of your payments on time to avoid this.Short credit history: If you are new to credit and have only recently opened your credit card account, you may have a limited credit history. Creditors may view this as a higher risk, which can result in a lower credit score.Credit inquiries: When you apply for a credit card, the creditor will typically check your credit report, which can result in a "hard inquiry" on your credit report. Too many hard inquiries can negatively impact your credit score.If you are concerned about your credit score, it's a good idea to regularly check your credit report for accuracy and monitor your credit card usage. You may also want to consider speaking with a financial advisor or credit counselor to develop a plan to improve your credit score.
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Which of the following accounts would not
use T-Accounts?
A. Shareholder's Capital
B. Cash
C. Dividends Payable
D. None of the Above
Which action can help you to keep stress away?
Answer:
Exercise is a way to keep stress away :))))
Answer:
A punching bag, writing down on paper, talking with someone, play, do a fun activity, get a stress reliever toy.
Poitioning" i a marketing management aid that refer to: _________ A. How cutomer think about propoed and/or preent brand in a market
Positioning is a marketing management tool that describes how consumers perceive existing and/or potential brands in a certain market. So, the suitable option will be option (a).
Give a brief account on marketing management.Marketing management applies economics and competitive strategy techniques to analyze the business environment in which the organization works. Marketers use SWOT analysis to focus on the relative competitive strengths and weaknesses of each competitor in the market as they create extensive profiles of each competitor. Marketing managers will look at each rival's cost structure, profit sources, assets, and capabilities as well as its competitive positioning, product differentiation, level of vertical integration, past responses to market changes, and other elements.
Market and marketing research are frequently conducted by marketing management in order to undertake marketing analysis. Although there are many techniques used by market researchers, the following are some of the most common ones :
Focus groups and different kinds of interviews are examples of qualitative marketing research.statistics surveys are examples of quantitative marketing research.experimental methods, including test marketsTechniques of observation like ethnographic (on-site) observationTo know more about, marketing management, visit :
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The complete question is mentioned below :
"Positioning" is a marketing management aid that refers to: ______
A) how customers think about proposed and/or present brands in a market.
B) a product's ability to provide both immediate satisfaction and social responsibility.
C) how a firm approaches customer relationship management.
D) a firm's ability to distribute products through intermediaries who are in the right position to reach target customers.
E) all of these alternatives are true.
what is the relationship among job,employment and education?
Answer:
i know it
Explanation:
Job/employment are the same for all intents and purposes.
The relationship between employment and education is a most obvious one.
First of all, “education” is not limited to just a college education. It includes (but is not limited to): trades, industry management track training, apprenticeships, as well as college.
When a prospective worker has knowledge, skills, abilities, and education (KSAEs), he/she increases his potential for better paying jobs. The more he/she increases those KSAEs the higher his/her job prospects go.
This is pretty much job/employment 101.
plz mark my answer to brainliest answer
Answer: n every single 1 we r learning sum and we r doing sum new
Explanation:
Karen makes $10 per hour and is paid time and
half for overtime. If she works 52 hours in a week, home much pay will she receive for the week?
O $400
O $520
O $580
O $660
Answer:
B.$520
Explanation:
52 x 10
=520
True or False. it is important for the project selection team of an organization to be able to explain to their stakeholders how projects are selected.
The statement you indicate is true: it is important for the project selection team of an organization to be able to explain to their stakeholders how projects are selected.
Why is it important for the team to explain how projects are selected?The project selection team of an organization must explain how the projects are selected because the stakeholders are the ones who will ultimately be affected by the project and will have a vested interest in its success.
By explaining the selection process, the team can ensure that the stakeholders are on board with the project and understand how it will benefit them.
Additionally, transparency in the selection process can help build trust between the team and the stakeholders, leading to better communication and collaboration throughout the project.
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What are the two essentials for completing an initial mortgage?
Your most recent two months' worth of bank statements are among the most crucial things the lender looks at, along with your application and credit report in the mortgage process.
A mortgage is a loan granted to a buyer by a bank or other type of mortgage lender so they can buy a home. A mortgage is a contract in which the bank lends money to the buyer to buy the house, and the buyer promises to pay the money back in full with a predetermined interest rate. Lenders often employ a mortgage ratio of 4.5 times an annual salary. This indicates that you may obtain a mortgage for 4.5 times your annual wage. Most likely, you'll want to know how much each monthly payment will cost. Based on a mortgage rate, the monthly mortgage payments for a £200,000 mortgage will be £948.
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Your most recent two months' worth of bank statements are among the most crucial things the lender looks at, along with your application and credit report in the mortgage process.
A mortgage is a loan granted to a buyer by a bank or other type of mortgage lender so they can buy a home. A mortgage is a contract in which the bank lends money to the buyer to buy the house, and the buyer promises to pay the money back in full with a predetermined interest rate. Lenders often employ a mortgage ratio of 4.5 times an annual salary. This indicates that you may obtain a mortgage for 4.5 times your annual wage. Most likely, you'll want to know how much each monthly payment will cost. Based on a mortgage rate, the monthly mortgage payments for a £200,000 mortgage will be £948.
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A company sells equipment for $5,000. The original cost was $50,000. The
accumulated depreciation is $45,000. The sale results in
O A. a gain of $1,000
a
B. neither a gain nor a loss
O c. a loss of $1,000
D. a gain of $5,000
Assuming the company sells equipment for $5,000 and the original cost was $50,000. The sale results in: B. neither a gain nor a loss
Gain or lossFirst step is to calculate the book value using this formula
Book value=Original cost-Accumulated depreciation
Let plug in the formula
Book value=$50,000-$45,000
Book value= $5,000
Second step
Since the proceeds (equipment) is the amount of $5,000 in which the book value is as well $5,000 there is neither gain nor a loss.
Inconclusion the sale results in: B. neither a gain nor a loss.
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Identify the problem by analyzing the given scenario. An IT software company is losing market share because it fails to launch new products in a timely manner. Decisions are centralized at the top, and employees have little or no voice. One way to solve this problem is to use teams to eliminate ____ in the company.
Explanation:
to eliminate their best efforts in the company
Answer:
"bureaucratic barriers"
Explanation:
i got it right on plato
Which step of business process management allows managers to create a continually improving process? Multiple Choice O Step 3: process execution O Step 1: process design O Step 5: process optimization O Step 4 process monitoring
The step of business process management which allows managers to create a continually improving process is step 5: process optimization
Process optimization is a step in business process management that focuses on improving the efficiency and effectiveness of business processes. It involves analyzing the current process to identify bottlenecks, inefficiencies, and opportunities for improvement. The ultimate goal of process optimization is to streamline the process to achieve better results in terms of cost, quality, speed, and customer satisfaction.
The process optimization step typically involves the following key activities:
Process analysis: This involves analyzing the process to identify areas for improvement, such as bottlenecks, waste, duplication, or unnecessary steps.Process redesign: This involves redesigning the process to eliminate inefficiencies and improve performance. This may involve simplifying the process, automating certain steps, or reorganizing the workflow.Process implementation: This involves implementing the redesigned process, which may involve training employees on the new process or investing in new technology or equipment.Process monitoring and control: This involves monitoring the process to ensure that it is performing as intended and making any necessary adjustments or modifications to maintain optimal performance.Learn more about process management here:
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boyle, inc., makes two products, x and y, that require allocation of indirect manufacturing costs. the following data was compiled by the accountant before making any allocations: product x product y quantity produced 10,000 20,000 direct manufacturing labor hours 15,000 5,000 setup hours 500 1,500 the total cost of setting up manufacturing processes and equipment is $400,000. the company uses a job-costing system with a single indirect cost rate. under this system, allocated costs were $300,000 and $100,000 for x and y, respectively. if an activity-based system is used, what would be the allocated costs for each product?
Under the activity-based system, the allocated costs for Product X and Product Y would be $273,090 and $109,236, respectively.
To allocate indirect manufacturing costs using an activity-based system, we need to identify cost drivers that cause these costs to be incurred. In this case, the two cost drivers that we can use are the number of direct manufacturing labor hours and the number of setup hours.
First, we need to calculate the indirect cost rate using the total indirect manufacturing costs and the total cost drivers for each cost driver
Indirect cost rate = Total indirect manufacturing costs / Total cost drivers
= $400,000 / (15,000 + 5,000 + 500 + 1,500)
= $400,000 / 22,000
= $18.18 per cost driver unit
Next, we can allocate the indirect manufacturing costs to each product using the number of cost driver units for each product
Product X
Allocated indirect costs = Indirect cost rate × (Direct manufacturing labor hours + Setup hours)
= $18.18 × (15,000 + 500)
= $273,090
Product Y
Allocated indirect costs = Indirect cost rate × (Direct manufacturing labor hours + Setup hours)
= $18.18 × (5,000 + 1,500)
= $109,236
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