<span>The Constitution makes it clear that the Congress, rather than the President of the United States, has power to assign</span>
Answer:
Part a. Compute the unit product cost under absorption costing.
Variable costs per unit:
Direct materials $ 165
Direct labor $ 72
Variable manufacturing overhead $ 8
Fixed Overheads per unit:
Fixed manufacturing overhead ($535,500/10,500) $ 51
Unit product cost $296
Part b. Compute the unit product cost under variable costing.
Variable costs per unit:
Direct materials $ 165
Direct labor $ 72
Variable manufacturing overhead $ 8
Unit product cost $245
Explanation:
Part a. Compute the unit product cost under absorption costing.
Absorption costing treats fixed overheads as part of product cost and hence fixed manufacturing overheads are included in unit product cost at their absorption rate
Part b. Compute the unit product cost under variable costing.
Variable Costing System treats fixed overheads as a Period Cost and not part of product cost hence fixed manufacturing overheads are excluded in unit product cost
Answer:
The amount of fees that Jill will pay this year=$248.20
Explanation:
Expense ratio is a measure of how much fees that fund management firms charge their clients for their investments services. These fees cover administrative and operational costs. In our case, the expense ratio will be expressed as the fees that Jill will pay as a portion of the total amount she invested. The expense ratio can be expressed as shown;
ER=C/A
where;
ER=expense ratio
C=total funds cost
A=total funds assets
In our case;
ER=0.17%=0.17/100=0.0017
C=unknown to be determined
A=$146,000
replacing;
C=ER×A
C=0.0017×146,000=$248.20
The amount of fees that Jill will pay this year=$248.20
Answer:
$965.075
Explanation:
Payroll taxes for the month of January is = FICA +FUTA +SUTA+
federal income taxes withheld+voluntary deductions for health insurance +contributes retirement plan.
= (0.0145*6350) +(0.006*6350)+(0.054*6350)+216+184+92
= 92.075+38.1+342.9+216+184+92
= 965.075
$965.075
Some money like Social Security is 6.2% of the first $118,500( not added because he's earnings are not up to $118500 and it's yearly stuff) and unemployment taxe is not added because his earnings is not up to $7000
Answer:
Payback period = 3 years
Explanation:
<em>The payback period is the average length of time it takes the cash inflow from a project to recoup the cash outflow.</em>
<em>Where a project is expected to generate a series of equal annual net cash inflow, the payback period can be calculated as: </em>
<em>Payback period =The initial invest /Net cash inflow per year
</em>
The cash inflow = Net operating income + Depreciation
= 105, 000 + 45,000 = 150,000
Note we have to add back depreciation because it is not a cash-based expenses. And payback period makes use of only cash-based revenue and expenses.
Payback period = 450,000/150,000
= 3 years
Payback period = 3 years