Answer:
It is convenient to make the changes.
Explanation:
Giving the following information:
Selling price= $57.60 per unit.
Direct materials= $22
Direct labor= $24
Variable overhead= $11.00
Fixed overhead= $11.00.
New costs:
Direct material cost= 22*1.2= $26.4
Direct labor cost= 24*1.2= $28.8
<u>I suppose that the selling price will increase by $40.</u>
To determine whether the changes increase profit or not, we need to calculate the unitary contribution margin per unit for both options:
Contribution margin= selling price - unitary variable cost
Actual Contribution margin:
Contribution margin= 57.6 - (22 - 24 - 11)= 0.6
New contribution margin:
Contribution margin= 97.60 - (26.4 - 28.8 - 11)= $31.4
401k is an investment account that you can use to save your paycheck from your work. Most employers provide this.
A 529 is also another good investment for saving up for college as there are no taxes applied to the investment or income as long as it is used for schooling.
A HSA plan is able to accumulate value for a future health purchase and is also usually taken out of your paycheck. Taxes do not apply so you get the full value of the amount you decide to set aside.
Employees pay income taxes depending on the rates of the chartering state, therefore a firm may opt to charter in a state with lower income taxes if it has a physical headquarters in one state but files for incorporation in another.
<h3>What is tax?</h3>
A tax is a mandatory financial charge or other types of levy imposed by a governmental organization on a taxpayer (an individual or legal entity) in order to fund government spending and various public expenditures (regional, local, or national), and tax compliance refers to policy actions and individual behavior aimed at ensuring that taxpayers pay the correct amount of tax at the correct time and receive the correct tax allowances and tax reliefs. Most nations have a tax system in place to pay for public, shared social, or agreed-upon national necessities, as well as government services.
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Answer:
yes
Explanation:
companies will not yell the truth
