Sophie Corp. purchased a new blending machine for $3,150.15. It paid $500 down and financed the remaining $2,650.15. It is required to pay 10 annual payments at the end of each year at an annual rate of interest of 11%, what is the amount of the annual payment?

Mandela manufacturing thinks that the best activity base for its manufacturing overhead is machine hours. the estimate of annual overhead costs is $540,000. the company used 1,000 hours of processing for job a15 during the period and incurred actual overhead costs of $580,000. the budgeted machine hours for the year totaled 20,000. what amount of manufacturing overhead should be applied to job a15? $29,000. $540. $580. $27,000.