Variable costs include only variable manufacturing costs, such as direct materials, direct labor, and variable manufacturing overhead in a unit of a product. “Variable costing income statement is one where all variable expenses are sub.
Hypothetical tax:
Is a reduction in salary which estimates the amount of tax that you would have to pay if you had not gone on assignment. This amount is only an estimate. You will still need to file your tax return and settle the final liability with your employer on a tax equalization.
Hypothetical Income Tax means the product of (i) the sum of the highest federal, state, local and foreign tax rates (taking into consideration special rates, e.g., capital gains) applicable to partners of the Blackstone Partners on the last day of the fiscal year to which the distribution under Section 19(b) relates and (ii) the amount of taxable income or gain of the Partnership, and the Manager on behalf of the Partnership, shall not make a distribution to any Partner on account of its interest in the Partnership if such distribution would violate the Act or other applicable law.
Variable costs:
A variable cost is a corporate expense that changes in proportion to how much a company produces or sells. Variable costs increase or decrease depending on a company's production or sales volume—they rise as production increases and fall as production decreases
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