Answer:
22.38%
Explanation:
Given that,
Operating profit before interest and tax = $519,233
Net income = $318,022 thousand
Provision for income taxes = $91,720 thousand
Net non-operating expense before tax = $109,491 thousand
Mattel’s statutory tax rate for 2016 = 37%
Income before income tax:
= Net Income + Provision for income taxes
= $318,022 Thousand + $91,720 Thousand
= $409,742 Thousand
Effective tax rate:
= (Provision for Income taxes ÷ Income before tax) × 100
= ($91,720 Thousand ÷ $409,742 Thousand) × 100
= 0.2238 × 100
= 22.38%
Answer:
The $ 4 per machine hour is the contribution margin per machine hour for the Lowell Lamp.
Explanation:
Since in the question two lamps : Bed-ford lamp and Lowell lamp information is given .
Based on the information mentioned in the question, First we have to calculate the contribution margin per unit. Than we are able to calculate contribution margin per hour.
The computation for Lowell Lamp is given below
The contribution margin per unit = Sales per unit - variable cost per unit
= $38 - $22
= $16 per unit
Since, contribution margin per unit is $16 per unit. So, now we calculate contribution margin per machine hour which is equals to
Contribution margin ÷ machine hours for Lowell lamp
$16 per unit ÷ 4
= $ 4 per machine hour
Thus, the $ 4 per machine hour is the contribution margin per machine hour for the Lowell Lamp.
If labor costs are 60 percent of production costs, then a 15 percent increase in wage rates would increase production costs by <u>9 percent.</u>
<h3>
What are labor costs?</h3>
- The total of all employee wages, employee benefits, and payroll taxes paid by an employer constitutes the labor costs. Direct and indirect (overhead) labor costs are separated.
- While indirect costs are related to labor costs, such as personnel who maintain industrial equipment, direct costs include wages for the employees who make a product, including those on an assembly line.
- While indirect costs are related to support labor, such as personnel who maintain industrial equipment, direct costs include wages for the employees who make a product, including those on an assembly line.
- The price of goods or services may fluctuate away from their genuine cost if labor costs are poorly allocated or evaluated, which could hurt earnings.
To learn more about labor costs with the given link
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Typing resources allows managers to make better resource ordering decisions by describing the size, capability, and staffing qualifications of a specific resource.
Increasing the reserve requirement is a powerful ANTI INFLATION weapon that reduces the overall supply of money.
In order to reduce the amount of money in an economy, the federal reserve can increase the reserve requirements of the commercial banks in the economy. This will reduce the amount of money that the banks can give out as loan and this will work to prevent inflation.
