Answer:
$75
Explanation:
We know,
Manufacturing overhead rate = Budgeted manufacturing overhead ÷ Budgeted direct labor hours
Given,
Budgeted manufacturing overhead = $4,500,000
Budgeted direct labor hours = 60,000
Putting the values into the manufacturing rate formula, we can get,
Manufacturing overhead rate = $4,500,000 ÷ 60,000 hours
Manufacturing overhead rate = $75 per labor hour.
When the standard amount of factory cost is allocated to the production of every unit, it is called the overhead manufacturing rate.
Price: The value of goods and services that consumers need to pay in order to get it
Cost: The money needed to manufacture a good
So, if the manufacturing costs increase, the Yota expenditure is also likely to increase. As producers want to maintain or even increase profit margins to satisfy shareholders, the price they set for consumers are also likely to increase.
On the other hand, if there is a decrease in cost of resources, the producer is likely to produce more at every price level. Therefore, lowering the price. It is the law of supply.
Answer:
$22,671
Explanation:
The calculation of the cash flow for the year one is as follows:
Given amount $25,000
Less: Depreciation -$18,150
Earning before income and taxes $6,850
Less: Income tax expense -$2,329 ($6,850 × 34%)
Earning after taxes $4,521
Add: Depreciation expense $18,150
Annual cash flow $22,671
The depreciation expense is computed below:
= $55,000 × 33%
= $18,150
Answer: they should claim a deduction for foreign taxes on their Schedule A?
Explanation: An itemized deduction is an expenditure on eligible products, services, or contributions that can be subtracted from adjusted gross income (AGI) to reduce your tax bill.
Most taxpayers have the option to either itemize deductions or claim the standard deduction that applies to their filing status.
According to Michael Kremer, large populations c. are a prerequisite for technological advances and higher living standards.
<h3>Who is Michael Kremer?</h3>
Michael Kremer is an American development economist and a Nobel Prize winner for developing an innovative economic theory for poverty alleviation, especially in large populations.
Michael Kremer did not think that large populations disadvantaged the nation, but it could be a factor in increasing the living standards through technological advances.
Thus, according to Michael Kremer, large populations c. are a prerequisite for technological advances and higher living standards.
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