Answer:
Gross Income - $2570 ($21.60*119)
Group Health Insurance - $360 ($2570*0.14)
Pension Deduction- $154 ($2570*0.06)
Total Deduction- $514 ($360 + $154)
Net Pay- $2056 ($2570 - $514)
Explanation:
As the question states given the pay rate and hours worked, No Data of pay rate and hours worked is provided. Gross Earnings are $21.60 which doesn’t seem accurate when compared with Group Health Insurance and Pension figures. However let’s assume the pay rate to be $21.60 and hours worked to be 119 hours then we will have the following results:
Gross Income - $2570 ($21.60*119)
Group Health Insurance - $360 ($2570*0.14)
Pension Deduction- $154 ($2570*0.06)
Total Deduction- $514 ($360 + $154)
Net Pay- $2056 ($2570 - $514)
I hope this is the type of answer you must be looking for!
Answer:
D. deductive
Explanation:
It seems that based on the information regarding the situation this is an example of deductive reasoning. This term refers to the process of reasoning by using one or various different statements together in order to come to a logical and reasonable conclusion. Which is what is happening in this situation since the information provided within the surveys will lead to your boss deducing that hiring additional staff is the best option.
Answer:
Explanation:
We need to recalcualte the desired ending inventory
as currently they are calcualte at 20% and we want it at 25% we do cross multiplication
Jan: 7,540 / 20 x 25 = 9,425
We divide by 20 to get the value of a single percent f sales and then we multiply to 25 as it is our desired amount
Feb: 6,500 / 20 x 25 = 8,125
March: 2,770 / 20 x 25 = 3,462.5
Next we adjsut6 the beginning inventory for January as it is 2,770 instead of 4,900 and we can determiante the production budget need for the quarter
Answer:
Jone Manufacturing
Total Overhead Variance = $2,000U.
Explanation:
Variance is the difference between budgeted and actual expense. It is favorable when the actual is less than the budgeted amount. It is unfavorable when the actual is more than the budgeted amount. It is neither favorable nor unfavorable when the actual equals the budgeted amount.
Variance analysis as a budgeting tool is used to evaluate the performance of management in managing costs, relative to the activity levels.
In Jones Manufacturing, actual and budgeted costs are calculated as follows:
Actual costs:
Fixed overhead = $8,000
Variable overhead = $4,600
Total = $12,600
Budget costs:
Fixed overhead = $10,000 (2,000 hours x $5)
Variable overhead = $4,600
Total = $14,600
Variance = budgeted overhead minus actual overhead
= $14,600 - $12,600 = $2,000U
In economics, a factor market refers to markets where services of the factors of production are bought and sold, such as the labor markets, the capital market, the market for raw materials, and the market for management or entrepreneurial resources.
So I believe it is C