Answer:
True
Explanation:
The United States has six major welfare programs: TANF, Medicaid, CHIP, SNAP, EITC, Supplemental Security Income, and housing assistance.
The budget message approach is a formal oral presentation through the government to the council that explains the price range in phrases of dreams to be executed and how the budget pertains to the Comprehensive Plan.
The budget summary includes budgeted quantities, encumbrances, transaction totals, and finances balances and is the net equal to the printed BSR. The budget summary file now additionally includes Open Balances.
A budget proposal summarizes the predicted prices for an upcoming undertaking a good way to ease investment from project stakeholders. Your budget thought breaks down the cost factors associated with your undertaking. This suggests to stakeholders the blessings and/or drawbacks of having worried.
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His net pay is $328.16.
The first step is to calculate Jerome’s salary.
Regular time - 40 x $7.80 = $312
Overtime - 5 x $7.80 x 1.5 = $58.50
Total Salary = $312 + 58.50 = $370.50
The next step is to calculate the deductions:
Social security = 370.50 x .062 = $22.97
Medicare = 370.50 x .0145 = $5.37
Federal Income Tax = $14
Total Deductions = 22.97 + 5.37 + 14 = $42.34
$370.50 - $42.34 = $328.16
Answer:
$26,800
Explanation:
Sales revenue after further processing:
= Units produced from each ton of clypton × Selling price per unit
= 7,300 × $15
= $109,500
Sales revenue at split off point:
= Units produced from each ton of clypton × Selling price per unit
= 7,300 × $10
= $73,000
Incremental revenue:
= Sales revenue after further processing - Sales revenue at split off point
= $109,500 - $73,000
= $36,500
Incremental profit = Incremental revenue - Incremental cost
= $36,500 - $9,700
= $26,800
Therefore, financial advantage (disadvantage) of further processing product X15 is $26,800.
Explanation:
The journal entry to close the books is
Cost of Goods sold A/c Dr $1,200
To Manufacturing Overhead A/c $1,200
(Being the under-applied overhead is recorded)
Since the jobs were undercosted, that means the overhead is applied under overhead so we debited the cost of goods sold account and credited the manufacturing overhead account. Both the items are recorded for $1,200
