Definitely 3 and I believe number 1 as well. I know for sure that 2, 4 nor 5 are not examples of employee benefits.
Answer:
LIFO
Explanation:
Recognize that three cost flow assumptions (FIFO, LIFO, and averaging) are particularly popular in the United States. Understand the meaning of the LIFO conformity rule and realize that use of LIFO in the U.S. largely stems from the presence of this tax rule.
Answer:
Option B and C
Explanation:
In simple words, Because there is a substantial majority of the populace smoking weed, whether lawfully or unlawfully, the tax increase may be a significant stream of extra income for the country. The elasticity with such medications is usually known as inelastic.
Therefore, if the surcharge is brought up, there might be more earnings that the administration can receive after the intake has been legalized and also that income could lead to increased state expenditure in the nation.
Answer:
$46,800
Explanation:
Total overhead costs based on traditional systems of both products are: $52,000 +$78,000 = $130,000
Assuming that Perry Corporation applies the activity-based (setups and components) costing system instead of the traditional one, the overhead cost for the standard model can be calculated as following:
+) Overhead cost of each setup (for both products) = $52,000/(12 + 28) = $1,300
+) Overhead cost of each components (for both products)
= 78,000 / (8+12) = $3,900
=> Total overhead costs using activity - based costing system is:
<em>Total overhead costs = 1,300 x Number setups needed for standard model + 3,900 x Number of components needed for standard model</em>
<em>= 1,300 x 12 + 3,900 x 8 </em>
= $46,800
Answer:
False
Explanation:
In the case when the tax burden increased so the role of the auditor is to audit the financial statements of the company and based on this they given the opinion that could be either favorable or unfavorable also they look into the operational effectiveness and efficiency but the role of the auditor is not increasingly important as for the tax purpose the tax accountant should be considered such as Chartered accountant, etc
