Answer:
Unitary contribution margin= $12.7
Explanation:
Giving the following information:
Direct materials $ 7.20
Direct labor $ 4.50
Variable manufacturing overhead $ 1.25
Sales commissions $ 1.30
Variable administrative expense $ 0.55
Selling price is $27.50 per unit
T<u>he contribution margin per unit is the deduction of all the unitary variable costs from the selling price.</u>
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Total unitary variable cost= 7.2 + 4.5 + 1.25 + 1.3 + 0.55= $14.8
Unitary contribution margin= 27.5 - 14.8
Unitary contribution margin= $12.7
Answer:
Yes
Explanation:
Misappropriation of assets includes actions like stealing a company's assets or borrowing them for personal use. In this case, Jeanne didn't steal any of the company's assets and even paid for her office supplies, but she is borrowing the company's phone, computer and printer. In a strict manner, we can say that she misappropriated the assets even though they were not harmed and remain completely operational.
Answer:
a. When a woman with children and very low income earns an extra dollar, she receives less in TANF benefits. This feature of TANF will cause the labor supply of low-income women to be <u>LOWE</u>R. One of the most important characteristics of TANF is that as the beneficiary starts to earn money, they start losing benefits. The more money they earn, the less benefits they receive.
b. The EITC provides greater benefits as low-income workers earn more income (up to a point).
<u>True</u>
This feature of EITC will decrease the labor supply of low-income workers. <u>b. False</u>
Earned income tax credit (EITC) is a refundable tax credit aimed at low income workers (and low middle income workers) with children. The tax credit received by the beneficiaries of this program depend on their income levels and number of children. E.g. during 2020, the EITC for joint filers earning up to $52,493 and having 2 children is $5,828. This program increases the labor supply of low income workers, it doesn't decrease it. If you do not work, you do not receive EITC.
Meanings:
Marginal Revenue:
The revenue gained by producing one additional unit of a good or service.
Marginal Cost:
Marginal cost of production includes all of the cost that vary with that level of production.
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