Your answer is : A)
Supply refers to the seller's ability and desire to sell goods and services
Ingredients such as sugar and butter would be examples of variable costs.
Fixed costs are cost that remain constant no matter the amount of output. Fixed costs examples are rent, loan, salaries.
Variable costs are cost which change with a change in output as the business provides more services. Variable cost examples are cost of raw materials, commissions and so on.
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Assuming that Greg is single, 25 years old, and will have a total tax liability of $1,355 (and thus will receive a $145 refund), he: is required to file a tax return.
<h3>
What is total tax liability?</h3>
- The total amount of tax debt owing by an individual, corporation, or other entity to a taxation authority such as the Internal Revenue Service is referred to as tax liability (IRS).
- Tax responsibilities include income taxes, sales taxes, and capital gains taxes.
- Your gross tax liability is equal to your taxable income minus your tax deductions.
- Your total income tax burden equals your gross tax liability less any tax credits you are qualified for.
- The key to lowering your tax liability is to reduce the percentage of your gross income that is subject to taxation.
- Consider raising your retirement savings.
- Investing pre-tax cash in an employer-sponsored retirement plan, such as a 401(k), is a simple way to lower your taxable income for the year.
Therefore, assuming that Greg is single, 25 years old, and will have a total tax liability of $1,355 (and thus will receive a $145 refund), he: is required to file a tax return.
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Answer:
Direct labor time (efficiency) variance= $23,048 favorable
Explanation:
Giving the following information:
Standard labor-hours per unit of output 9.6 hours
Standard labor rate $ 13.40 per hour
Actual hours worked 7,400 hours
Actual output 950 units
<u>To calculate the direct labor efficiency variance, we need to use the following formula:</u>
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Standard quantity= 9.6*950= 9,120
Direct labor time (efficiency) variance= (9,120 - 7,400)*13.4
Direct labor time (efficiency) variance= $23,048 favorable
<span>When a court determines that the solution to a case can be satisfied with money damages, that is considered fully sufficient and no other action is taken against a defendant. This is because paying off money damages is considered to be satisfying the contract and makes the case and complaint therein null and void.</span>