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Tom [10]
3 years ago
11

Esperanza is starting a business by herself as an

Business
1 answer:
denpristay [2]3 years ago
7 0

Answer:

sole proprietorship

Explanation:

The sole proprietorship is the type of business owned and run by a single individual. The owner is a sole trader.  In a sole proprietorship, the owner sources capital by themselves, keeps all the profits, and suffers the losses alone.

A sole proprietorship is the easiest form of business to set up. The only requires to obtain a registration certificate and a trading license from the local authorities. Esperanza should open a sole proprietorship business. Unlimited liability is the biggest shortcoming for a sole proprietorship, but that does not seem to bother Esperanza.

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The Berwin Company established a master budget volume of 35,000 units for April. Actual overhead costs incurred amounted to $98,
Gekata [30.6K]

Answer:

$12,000 Favorable

Explanation:

Given that,

Actual overhead costs incurred = $98,500

Actual production for the month = 34,000 units

Standard variable overhead rate = $1.75 per direct labor hour

Standard fixed overhead rate = $1.50 per direct labor hour

One direct labor hour is the standard quantity per finished unit.

Firstly, we need to find out the overhead applied by multiplying the actual production units with the standard overhead rate and standard quantity per finished unit.

Total standard overhead rate:

= Standard variable overhead rate + Standard fixed overhead rate

= $1.75 + $1.50

= $3.25

Overhead applied:

= Actual production × standard quantity per finished unit × Total standard overhead rate

= 34,000 × 1 × $3.25

= $110,500

Therefore, the total manufacturing overhead cost variance is determined by deducting the Actual overhead costs from the overhead applied.

It is calculated as follows:

= Overhead applied - Actual overhead costs incurred

= $110,500 - $98,500

= $12,000 Favorable

5 0
3 years ago
Suppose Jim worked 62 hours during this payroll period and is paid $14.00 per hour. Assume FICA is 6.2%, Medicare is 1.45% and w
lara31 [8.8K]

Answer:

1. $714.798

2. $66.402

3. $141.484

Explanation:

1. Gross pay = 62 hours worked x $14.00 per hour

= $868

Net paycheck = Gross pay - Tax

= 868 - [(868) x (6.2%+1.45%+10%)

= $868 - $153.202

= $714.798

2. Employer's payroll tax expense = (6.2%+1.45%) x 868

= $66.402

3. Jim's employer's total payroll tax liability for the period.

868*6.2% (FICA taxes - Employee) + 868*6.2% (FICA taxes - Employer's share) + 868*1.45% (Medicare taxes - Employee) + 868*1.45% (Medicare taxes - Employer's share) + 868*10% (Withholding tax).

= 53.816 + 53.816 + 12.586 + 12.586 + 8.68

Total = $141.484

5 0
3 years ago
Conduct the necessary research to develop the policy using the library and the Internet. Some things that you need to keep in mi
11111nata11111 [884]

Answer:

Not using service if part of law is violated.

Cease of account in case of rules break attempt.

Limit the access according to the designation of employees.

Explanation:

Acceptable use policy is the document which lists the terms and conditions which needs to be agreed to access the corporate network. The AUP included set of rules which must be agreed in order to access the network by user. The documents can includes rules regarding the administrative controls, operational controls and technical controls.

8 0
3 years ago
You are buying a new car. The price (MSRP) is $16,995. You are trading in your old car which is valued by the dealer at $5,500 (
Advocard [28]
The answer is $12,360.22(rounded)

16,995-5,500= 11,495
11,495+7%= 12,360.2151

Hope this helps!! :)
6 0
3 years ago
Help !!! It’s about how much money you will make by 65
JulijaS [17]

Answer: it doesn't matter.

Explanation:

It doesn't matter how much money you make along as you have money to support yourself

3 0
3 years ago
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