I have not used a hopkinsville high school resume template before.
Answer:
$81,450
Explanation:
The computation of the company's manufacturing overhead cost for the year was given below:
Predetermined overhead rate is
= ($423,660) ÷ 61,400 direct labor hours
= $6.90
And,
Actual overhead cost = $492,000
Now
Applied overhead cost is
= 59,500 × $6.90
= $410,550
So, the overhead underapplied by
= $492,000 - $410,550
= $81,450
Answer:
1. c. Both a and b
2. a. Yes, because Benjamin has a Social Security number.
Explanation:
According to tax laws, you can claim a child tax credit for an American dependant below the age of 17 which qualifies Harper for it. Evelyn however qualifies for a Credit for other dependents as she is a resident alien and has an Individual Taxpayer Identification Number (ITIN).
Because Benjamin has a Social Security Number, the Hopkins are indeed eligible to claim an earned income credit. Married couples filling jointly can claim the credit if either of them are U.S. citizens with a valid Social Security number.
<u>The only relevant difference between the </u><u>curves </u><u>for a </u><u>monopoly</u><u> and the equivalent ones for a firm in a competitive market is that </u><u>marginal</u><u> and </u><u>average revenue slope</u><u> downward for the </u><u>monopolist.</u>
What type of curve does a monopoly have?
- A monopoly encounters a downward-sloping market demand curve in Panel (b).
- It chooses its profit-maximizing output in its capacity as a profit maximizer.
- However, after determining that quantity, it uses the demand curve to determine the price at which it can sell that output.
What is a difference between a monopoly and perfect competition ?
While in monopolistic competition, businesses produce slightly different goods, in perfect competition, businesses produce identical goods.
How does a demand curve for a monopoly differ from a demand curve for a perfectly competitive firm?
Because the monopolist is the sole company operating in the market, its demand curve is identical to the market demand curve, which is downward-sloping as opposed to the demand curve for a perfectly competitive firm.
Learn more about monopoly
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