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Explanation:
Answer:
Fixed and Variable cost:
Fixed cost are the costs which cannot be changed with change in the level of goods and services sold or produced.
Variable cost are the costs which changes with change in the level of output produced and sold.
Product and Period cost:
Product costs are the costs which are incurred for making the product such as direct material, factory overhead and direct labor, etc.
Period costs refers to the cost which are incurred for a certain period of time. It is normally associated with the time period than with any type of transactional event.
Therefore, the classification of items is as follows:
(a) Variable cost - Product cost
(b) Variable cost - Product cost
(c) Fixed cost - Period cost
(d) Fixed cost - Period cost
(e) Fixed cost - Period cost
(f) Fixed cost - Period cost
(g) Variable cost - Product cost
(h) Fixed cost - Period cost
(i) Fixed cost - Period cost
Answer:
The amount of net pay recorded by Hernandez is $380,650
Explanation:
Gross Pay $500,000
Income Tax $63,000
Social security $31,000
Medicare $7,250
Charitable contribution $5,000
Union Dues $10,000
Unemployement Tax $3,100
Net Pay $380,650
Therefore, The amount of net pay recorded by Hernandez is $380,650
Answer:
No, Jim is not correct.
Explanation:
Betty will win this case.
Generally, the law encourages marriage as its policy. If there is any contract that prevent or restrict marriage in whatever way, such contract would be considered null and void because it is against the public policy.
Despite the above, contracts will be generally considered valid when they place reasonable restrictions on marriage. In this question, the restriction placed on Betty that she should get married until after her 22nd birthday is reasonable and has to be considered to be valid. Based on this, Betty has to be paid the $25,000 as laid down in the binding contract between the two parties.
Therefore, Jim is not correct.
Answer:
$78,375
Explanation:
Actual HVAC usage = 500 + (500 × 10%) = 500 + 50 = 550
Total HVAC income before credit loss = 550 × $150 = $82,500
Total HVAC income before credit loss = $82,500 - ($82,500 × 5%) = $82,500 - $4,125 = $78,375
Therefore, the approximate heating, ventilation, and air conditioning (HVAC) revenue the landlord will realize is $78,375.