Answer:
The answer is: B) FICA taxes withheld from employees' payroll checks should never be recorded as a liability since the employer will eventually remit the amounts withheld to the appropriate taxing authority. 
Explanation:
FICA taxes (or payroll taxes) are based on an employee's salary. Both employees and employer pay FICA taxes for Social Security and Medicare. Employers withhold these taxes from their employees' paychecks, and then pays them to the Internal Revenue Service (IRS). 
 
        
             
        
        
        
Answer:
D) Increase by $68,000
Explanation:
The computation of change in the operating income is shown below:
Sales ( 8,100 widgets × $39) $315,900
Less: Variable cost (8,100 widgets × $29) ($234,900)  
Contribution margin $81,000
Less: Increase in fixed assets -$13,000
Net income increased              $68,000
We simply applying the above format so that the change in the operating income could be find out. Since the net income is in positive so it shows an increment 
 
        
             
        
        
        
Answer:
<u>Favourable Changes:</u>
Sales
Gross Profit
Operating Income
Interest Expense
Net Income
<u>Unfavourable Changes:</u>
Cost Of Sales  
Selling Expenses  
General Expenses
Other Revenue 
Income Taxes
Explanation:
Observe Movement from 2018 results to 2019 results
                                         Erie Corp
                    Vertical Analysis of Income Statement
                                                                 2019                    2018
Sales                                                        1,397                    1,122
Less Cost Of Sales                                   935                      814
Gross Profit                                               462                      308
<u>Less Operating Expenses</u>
Selling Expenses                                      154                       121
General Expenses                                     88                        77 
Operating Income                                   220                       110
<u>Less Non- Operating Expenses</u>
Other Revenue                                            4                          7
Interest Expense                                         2                          9
Income Taxes                                           134                        66
Net Income                                                88                        42
 
        
             
        
        
        
Answer:
Process capability evaluation allows us to:
a. check customer requirements against what a process is able to achieve.
Explanation:
Process capability evaluation involves the set of tools used to analyze the performance of a given process against desired specifications.  This means that it measures how well a process performs against targets.  There are different measures of process capability.  For example, Sigma Six is used as a process capability evaluation.  Process capability index is also used to evaluate a process' capability, where the upper and lower limits are measured.
 
        
             
        
        
        
Answer:
Fixed costs are high, variable costs are low
Explanation:
The reason is that the fixed costs are high because these fixed costs are uncontrollable and their might not be an alternative which means we have to move with higher fixed costs. And this is because most of tasks in manufacturing are handled by the machines not humans. So the cost of maintenance, depreciation, etc are fixed costs which are uncontrollable.
Furthermore, the company has very small variable costs because the company enjoys economies of scales, fast paced manufacturing machines, etc. And this is controllable by investments in another more robust machinery.