Answer:
The answer is: The ending balance in Finished Goods Inventory is $1,200
Explanation:
First we have to calculate the cost per chair produced, to do this we will find the total cost and divide by the number of chairs produced:
Units produced 100 chairs
- Direct materials $10 per unit x 100 = $1,000
- Direct labor 15 per unit x 100 = $1,500
- Variable manufacturing overhead 3 per unit x 100 = $300
- Total fixed manufacturing overhead $2,000
Total costs are $4,800 / 100 chairs = $48 per chair produced
There are 25 chairs left in finished goods inventory (FGI) = 100 - 75 = 25
The ending balance in FGI is = 25 chairs x $48 per chair = $1,200
<span>An increase in the marginal income tax rate is likely to decrease the quantity of labor supplied. because the increase in the tax automatically reduces the profit of the firm. the management will always try to compensate their loss by taking necessary reforms or measures. the first and simplest method to reduce the loss is to cut down the expense by reducing the labour involved.</span>
Answer:
The journal entry to record payroll for the January 2013 pay period will include a debit to payroll tax expense of $6,760
Explanation:
In order to calculate The journal entry to record payroll for the January 2013 pay period we would have to calculate the payroll tax expense as follows:
payroll tax expense=Federal unemployment tax rate+(Social security tax rate+medicare tax rate)*Salaries
Federal unemployment tax rate=$80,000*0.80%
Federal unemployment tax rate=$640
(Social security tax rate+medicare tax rate)*Salaries= (6.2%+ 1.45%)*$80,000
(Social security tax rate+medicare tax rate)*Salaries=$6,120
Therefore, payroll tax expense=$640+$6,120
payroll tax expense=$6,760
The journal entry to record payroll for the January 2013 pay period will include a debit to payroll tax expense of $6,760
<span>Year Cash Flow
0 -$46,400
1 18,000
2 33,530
3 4,600</span>
<span>NPV = -$46,400 + $18,000 / (1 + 0.09) + $33,530 / (1 + 0.09)2 + $4,600 / (1 + 0.09)3 =
</span><span>-$1,574.41</span>
Answer:
16,000
Explanation:
A marginally attached worker is a jobless individual who is not included in the labor force. They are excluded in the labor force because they have not searched for employment in the last four weeks. Marginally attached workers will comprise of discouraged job seekers willing to take up a job if offered one. A marginally attached worker has have searched for work in the past 12 months.
For Foxcatle, the marginally attached will be the discouraged workers. They are not in the labor force; hence they are not considered as employed or unemployed.
