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Illusion [34]
3 years ago
6

Taxes levied on the sale, manufacture or use of specific items such as liquor, cigarettes, and gasoline are known as

Business
1 answer:
Tasya [4]3 years ago
3 0
Taxes levied on the sale, manufacture or use of specific items such as liquor, cigarettes, and gasoline are known as <u>selective sales taxes</u>, as well as <u>excise taxes.</u>
So, there aren't taxes on a whole bunch of products, but rather on a selected few, which (in the case of alcohol and cigarettes) are considered detrimental to the society and thus people who want to use them have to pay a little bit more in order to have that commodity. 
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The standard rate of pay is $20 per direct labor hour. If the actual direct labor payroll was $117,600 for 6,000 direct labor ho
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Answer:

The variance is: $ 0.50 per direct labor hour.

Explanation:

Actual payroll = $117,000/6000h = $19.50 per hour

So, if we compare this value with the standard rate of pay ($20 per direct labor hour) The variance is: $20.00 - $ 19.50 = $0.50 per hour

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2 years ago
Producer surplus equals a. Value to buyers - Costs of sellers. b. Amount received by sellers - Costs of sellers. c. Value to buy
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Answer:

Amount received by sellers - Costs of sellers. 

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Producer surplus is the difference between the price of a good and the cost to sellers. It is the difference between price and the least amount sellers would be willing to sell their products.

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I hope my answer helps you

5 0
3 years ago
If the month-end bank statement shows a balance of $148000, outstanding checks are $48000, a deposit of $17000 was in transit at
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$119,300

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What are the reasons for economic marginalisation?​
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