Answer:
The total cost of producing 5300 anchors is $302,100
Explanation:
Average cost per unnit is calculated by dividing ethe total cost with number of unit produced.
Number of Unit = 5,300 anchors
Average Cost per anchor = $57
Total Cost of Production = Average Cost per anchor x Average Cost per anchor
Total Cost of Production = $57 x 5,300 anchors
Total Cost of Production = $302,100
It is false because the individual income taxes contributed about $1.718 trillion in Fiscal Year 2019 while Social Security and Medicare taxes only contributed $1.242 trillion.
<h3>What is an Income tax?</h3>
These are tax imposed on earned income by people in a country while the Social Security and Medicare taxes are imposed on people income while working as well.
However, the individual income taxes contributed about $1.718 trillion in Fiscal Year 2019 while Social Security and Medicare taxes only contributed $1.242 trillion.
Therefore, the Option C is correct.
Read more about Income tax
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b) the footing of the debits exceeds the footing of the credits.
Answer:
<em>Materials:</em>
P 2,000F
Q 7,650U
Labor:
Rate 800U
Efficiency 2,500.00F
<em>Questions:</em>
Solve for labor and materials variances
Explanation:
std cost $6.00
actual cost $5.75 ($46,000/ 8,000 pounds)
quantity 8,000
difference $0.25
price variance $2,000.00
std quantity 4500.00 (3,000 units x 1.5 pounds per unit)
actual quantity 6000.00 (8,000 purchased - 2,000 ending)
std cost $5.10
difference -1500.00
quantity variance $(7,650.00)
DIRECT labor VARIANCES
std rate $12.00
actual rate $12.50
actual hours 1,600 (160 hours x 10 employees)
difference $(0.50)
rate variance $(800.00)
std hours 1800.00 (3000 units x 0.6hours per unit)
actual hours 1600.00
std rate $12.50
difference 200.00
efficiency variance $2,500.00
Answer:
750
Explanation:
It will be 750, if the percentage is 5%.
Hope this helped!