David���s salary totals $79,000 per year. he can expect to pay federal income tax at a rate of 23.60%. how much money will david
2 answers:
Answer:
c) David pays in federal income taxes every year $18,644
Explanation:
Hi, in order to find out how much money you must pay for taxes you have to multiply your income by the tax rate that is charged. Since the problem does not provide any amounts that you could discount, we will assume that your total income is $79,000, therefore:
So, David would have to pay in federal income taxes every year the amount of $18,644
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Answer:
Dollar amount of ending Finished Goods Inventory = $1,073
Explanation:
The first step is to calculate the cost per unit.
Using absorption costing, the cost of one unit is
Cost per unit = direct materials + direct labor + variable manufacturing overhead + fixed manufacturing overhead per unit.
Now, the number of units left in inventory should be defined
Finished Goods Inventory (FGI) = Beginning Finished Goods Inventory + Units produced - units sold
The dollar amount of ending Finished Goods Inventory is FGI multiplied by the cost per unit.