A tax that is effectively a sales tax at each stage of production is defined as a value-added tax.
Answer:
The correct answer is letter "D": Expectancy.
Explanation:
The Expectancy Theory refers to behaviors individuals are likely to take because of upcoming actions they are aware of that can happen. The theory was concluded after research conducted by Business professors <em>Edward Lawler, Lyman Porter, </em>and <em>Victor Vroom</em> studying people's behavior at work.
We do not have enough information to answer this, You would also need to know how often the interest is paid.
Answer:
Fixed is a payment that does not change like insurance while variable can chang like bills
Explanation:
Answer:
The journal entry is as follows:
Explanation:
Work in Progress A/c............................................Dr $198,000
Labor efficiency variance(unfavourable)...........Dr $9,000
Labor rate variance A/c........................Cr $4,600
Wages Payable A/c.................................Cr $202,400
Working Note:
Standard hour = Standard direct labor hours × (Standard hour - Actual hour)
= $2.2 × 5,000
= $11,000
Labor efficiency variance = $18 × (11,000 - 11,500)
= $18 × 500
= $9,000
Standard cost = Standard rate × Standard hour
= $18 × 11,000
= $198,000
Actual Cost = Actual rate × Actual hour
= $17.6 × 11,500
= $202,400