Answer:
Qualifying widow(er); $24,400.
Explanation:
If she has a dependent child and has not remarried until two years after her husband's death, she can file as Qualifying Widow (Widower) with Dependent Child.
Answer:
When Economists say that humans make decisions at the margin they mean that decisions are made on the basis of the cost and benefit of getting an additional unit of a good/ service.
Marginal benefit refers to the additional utility that we will derive from consuming one extra unit of a good or service and factors in heavily into our decision making. We usually accept a decision if the Marginal benefit is higher or equal to the Marginal cost ( cost of the additional unit) of the good/service.
If the Marginal Cost is instead higher, the decision would most probably be cancelled.
Answer:
$17,000 Favorable
Explanation:
Provided information, we have
Standard hours for each unit = 0.8 hours
Standard Rate per hour = $34
Actual quantity produced = 7,650 units
Actual labor hours used = 5,620
Actual rate per hour = $118,020/5,620 = $21 per hour
Standard hours for Actual output = 7,650
0.8 = 6,120 hours
Labor Efficiency Variance = (Standard Hours - Actual Hours)
Standard labor rate per hour
= (6,120 - 5,620)
$34
= $17,000 Favorable
As the amount is positive and actual hours used is less than standard hours the variance is favorable.
Overmanaging is the most evident mistake Claudia made as a senior accountant.
Answer:
The correct option is D: $8.60
Explanation:
Average fixed cost of Pretty Flowers = $5.40
Average variable costs of Pretty Flowers = $3.20
We are asked to calculate the Average total cost of Pretty Flowers at this current level
Hence:
Average total cost Pretty Flowers = Average fixed cost of Pretty Flowers + Average variable costs of Pretty Flowers
If we substitute the value of these variables in the equation, we get:
Average total cost Pretty Flowers = $5.40 + $3.20 = $8.60