Answer:
An Insurance aging report can be printed in <u>landscape</u> format, listing all companies alphabetically
Explanation:
- Print - Select this option to print the Insurance Aging report.
- NOTE: This report should be printed in a landscape format instead of a portrait format.
Answer:
$537,000
Explanation:
Contribution margin is used to determine the profitability of a product. it is price less variable cost
Contribution margin = total sales - variable costs
$ 768,000 - $231.000 = 537,000
Answer:
- Tax liability = $24,222.50
- Marginal rate = 24%
- Average rate = 19.35%
Explanation:
Question requires that we find the Tax liability, Marginal rate and Average rate.
Tax liability:
Chandler is in the $84,200 to $160,725 bracket.
= 14,382.50 + 24% * (125,200 - 84,200)
= 14,382.50 + 9,840
= $24,222.50
Marginal rate = 24%
Chandler's bracket is the 24% bracket.
Average rate:
= Tax/ Taxable income
= 24,222.50 / 125,200
= 19.35%
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Answer:
Direct labor rate variance = Direct labor variance - Direct labor efficiency variance
Explanation:
Direct labor rate variance
Direct labor efficiency variance
Computation:
Direct labor rate variance = Direct labor variance - Direct labor efficiency variance