INDUSTRY is a group of companies producing a similar product or services.
There are different types of industry depending on the kind of product they produce or the kind of service they offer. Examples are manufacturing industries, technological industry, engineering industry, construction industry, etc.
Answer:
$750 Unfavorable
Explanation:
The calculation of variable overhead efficiency variance is shown below:-
Variable overhead efficiency variance = (Actual direct labor hours - Standard hours allowed) × (Variable factory overhead ÷ Factory overhead rate)
= (10,000 hours - 9,500 hours) × ($18000 ÷ 12000)
= 500 hours × $1.5
= $750 Unfavorable
Therefore for computing the variable overhead efficiency variance we simply applied the above formula.
Answer:
A. To qualify for exclusion during this transaction, you must have owned and occupied for two of the five prior years ⇒<u> Sale of a home.</u>
B. This term essentially includes all income subject to federal tax ⇒ <u>Gross Income</u>.
C. Using taxable income, it is based on tax tables or tax rate schedules ⇒ <u>Tax liability.</u>
D. This term includes expenses that can only offset portfolio income. ⇒ <u>Investment expenses. </u>
<u></u>
E. This is used to offset passive income Investment expenses. ⇒ <u>Real estate or limited partnership expenses. </u>
<u></u>
F. This term includes income from self-employment ⇒<u> Active Income. </u>
<u></u>
G. This item is taxed at different rates depending on the holding period ⇒ <u>Capital gains. </u>
H. This is used to determine tax liability ⇒<u> Taxable income</u>.
I. This term includes income gained from real estate and limited partnerships. ⇒ <u>Passive income. </u>
<u></u>
J. This term refers to earnings and capital gains generated from investment holdings. ⇒ <u>Portfolio income. </u>
Answer:
Price levels
Explanation:
Price level is an indicator that is obtained by getting the average price of goods that are produced within an economy or an industry.
When prices rise it indicates that demand for a good is on the rise and eventually an inflation may result. When price falls demand has reduced and deflation may result.
In the given scenario price level is the best indicator to show how prices of properties in the area have fluctuated.
It will also give insight into how good a property purchase will be.
