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3 years ago

G refer to the given data. if your taxable income increases from $4,000 to $5,000, you will encounter a marginal tax rate of:

1 answer:

8 0

<span>The marginal tax rate is simply the tax rate given in the income tax table. For example, if the table says that people who make up to $4999.99 pay a tax of 10% and that people who make more than $4999.99 but less than $10,000 (for example) pay a tax of 20%, then if your income increases from $4,000 to $5,000, the marginal tax rate you encounter would now be 20%. For a better understanding, notice the word marginal. In economics, this means the 'cost of one additional unit' of something. Thus, the marginal tax rate is the tax on 1 additional dollar of income.</span>

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Dallas Company uses a job order costing system. The company's executives estimated that direct labor would be $3,750,000 (250,00

Zepler [3.9K]

Answer:

Allocated overhead= $1,430,600

Explanation:

Giving the following information:

The company's executives estimated that direct labor would be $3,750,000 (250,000 hours at $15/hour) and that factory overhead would be $1,550,000 for the current period.

The records show that there had been 230,000 hours of direct labor.

Using direct labor hours as a base.

Predetermined overhead rate= total estimated manfacturing overhead for the period/ total amount of allocation base

Predetermined overhead rate= 1555000/250000= $6.22 per hour

Allocated overhead= Predetermined overhead rate*actual hours= 6.22* 230000= $1,430,600

7 0

3 years ago

Warner Corporation purchased a machine 7 years ago for $405,000 when it launched product P50. Unfortunately, this machine has br

maxonik [38]

Answer:

1. $46,550

2. $405,000

3. $450,600

Explanation:

1. Computation of differential cost regarding the decision to buy the model 200

Differential cost = Cost of a new model 300 - Cost of a new model 200

Differential cost = $396,350 - $349,800

Differential cost = $46,550

So, the differential cost regarding decision to buy model 200 is $46,550.

2. Sunk costs are the costs which are already incurred by the entity in the past and which are not relevant to decision made today. In this case, sunk cost is the cost of the machine purchased seven years ago for $405,000.

3. Opportunity cost is the profit forgone by chosen alternative course of action. In this case, the Opportunity cost regarding the decision to invest in the model 200 machine is $450,600.

6 0

4 years ago

How do you free market and planned economies differ in the allocation of factors of production

SSSSS [86.1K]

Answer:

sorr ia am blind

Explanation:

hdnb smcjrnjnjrn

4 0

3 years ago

According to SEC independence regulations,

Komok [63]

Answer: Option (b) is correct.

According to Securities and Exchange Commission independence code: Pre-approval of accountants' work may be in reconciliation with comprehensive policies and transaction rather than categorical.

The Commission’s code, principally through Regulations S-X, focuses on the accomplishment of accountants, counting the autonomy condition for auditors that issue audit filed with Commission.

5 0

4 years ago

Instead of attending class, one could have worked an extra hour at the café for $10 or watched a neighbor’s child for $15. the o

Lina20 [59]

The opportunity cost of attending class is the $15 that could have been made by watching a neighbor's child.
Opportunity cost refers to the benefits that one gives up in order to enjoy another benefit, that is, the benefit that is sacrificed.
In this question, two benefits are given up, but the real opportunity cost is the one that have the highest value, which is the $15.

6 0

3 years ago