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4 years ago

What is the difference between gross pay and net pay?

Business

1 answer:

Kazeer [188]4 years ago

5 0

The difference is the amount that is taken out of the wages for taxes,benefits and other voluntary deductions

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Brooke and Sandy both attend the same college and have the same expenses for tuition, books, and supplies. However, Brooke is a

baherus [9]

Answer: Option (B) is correct.

Explanation:

Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.

If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.

The opportunity cost of attending college for Brooke is the amount that she could earn as an actress i.e. $2 million per year.

The opportunity cost of attending college for Sandy is the amount that he could earn by serving hamburgers i.e. $10,000 a year.

Therefore, opportunity cost of attending college is greater for Brooke than for Sandy.

3 0

4 years ago

Vaughn Manufacturing uses the periodic inventory system. For the current month, the beginning inventory consisted of 476 units t

MissTica

Answer:

See below

Explanation:

The computation of ending inventory is shown below;

But first we need to determine the average cost per unit.

Average cost per unit

= (476 units × $63 + 718 units × $66 + 365 units × $68) ÷ (476 units + 718 units + 365 units)

= ($29,988 + $47,388 + $24,820) ÷ (1,559 units)

= $102,196 ÷ 1,559

= $65.55

Now, the ending inventory unit

= 1,559 units - 1,195 units

= 364 units

Finally , the ending inventory

= $65.55 × 364 units

= $23,860

4 0

3 years ago

Crawford Fishing had a net income of $35,640 in 2022. They decided to pay $3,000 in dividends and keep the rest to help expand t

Elan Coil [88]

Answer: Retained Earnings

Explanation

The profit for the year less the dividends paid, is finally adjusted in the balance sheet under the name Retained earnings. This means that the retained profits increases the equity by the amount retained.

6 0

4 years ago

Snowden Industries produces two electronic decoders, P and Q. Decoder P is more sophisticated and requires more programming and

Rainbow [258]

Answer:

Using Direct Labour hours;

The cost per unit for Decoder P=$5.76

The cost per unit for Decoder Q=$5.76

Using Activity based costing;

The cost per unit for Decoder P=$7.48

The cost per unit for Decoder Q=$5.01

Explanation:

A)Total Overhead cost= $275,000

Total Labour Hours=22,000

P Total Overhead =6,600/22,000*$275,000=$82,500

Overhead cost per unit=$82,500+$31,680/19,800units=$5.76

Fixed cost=$105,600

19800/66000*$105,600=$31,680

Q Total overhead =15,400/22,000*$275,000=$192,500

Overhead cost per unit=$192,500+$73,920/46,200units=$5.76

Fixed cost=$105,600

46,200/66000*$105,600=$73,920

B)Using activity based costing;

Total Overhead cost= $275,000

Repair and Maintenence Cost = $105,600

Total Labour Hours=22,000

P Overhead =6,600/22,000*$275,000=$82,500

Overhead cost perunit=$82,500/19,800units=$4.16

P Activities overhead=(2000+190+1400)/5750*$105,600=$65,931.13

Activity cost per unit=$65,931.13/19,800units=$3.32

Total Overhead cost =$4.16+$3.32=$7.48

Q Total overhead =15,400/22,000*$275,000=$192,500

Overhead cost per unit=$192,500/46,200units=$4.16

Q Activities overhead=(1000+60+1,100)/5750*$105,600=$39,668.87

Activity cost per unit=$39,668.87/46,200units=$0.85

Total Overhead cost =$4.16+$0.85=$5.01

4 0

4 years ago

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mixas84 [53]

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5 0

3 years ago