Answer: Double taxation of dividend
Explanation: Double taxation of dividends refers to the taxes paid on dividends. Tax is first paid on the portion of the profit realized by a corporation which is to be shared among the shareholders. This portion of the corporation's profit is called dividend and the tax paid by the corporation is called the corporate income tax. After the dividends has been shared, each shareholder then pays a personal income tax on the respective amount received as dividend.
Answer:
d) $300,000.
Explanation:
Paticulars Amount
Manufacturing costs + Beginning WIP = Ending WIP + Cost of Goods manufactured
Let ending WIP be x
Beginning WIP be 0.75x
2,500,000 + 0.75x = x + 2,425,000
2,500,000 - 2,425,000 = x - 0.75x
75,000 = 0.25x
x = 300,000
Therefore, The Work in Process inventory at December 31 was $300,000.
Answer:
Mercantilism
Explanation:
Mercantilism is a national economic policy that is designed to maximize the exports, and minimize the imports, of a nation.
The actual overhead incurred = $98,500
The overhead applied = 34000 * 1 ( $1.75 + $1.50) = 34000*1*3.25 = $110,500
The budgeted overhead = 34000*1*$1.75 + (35000*1*1.50) = (34000*1*$1.75)+52500 = $112,000
A) The total manufacturing overhead cost variance = Overhead applied - Actual overhead = $110,500 - $98,500 = $12,000 F
