Answer: Hello your question has some missing details hence I will provide an answer based on the general scope of your question
answer ; =([Cost] * 1.07)
Explanation:
Assuming the table heading for estimated cost in July 2014 is named "Cost"
Total estimated cost
Total = Cost * ( 1 + Sales Tax )
= Cost * ( 1 + 0.07 )
= Cost * 1.07
Excel equivalent formula used that can be used = ([Cost] * 1.07)
Answer: Direct materials and direct labor.
Explanation:
Prime costs are the basic expenses a production company pays for to enable production. The prime cost basically involves cost on labor and raw materials needed for production.
Answer:
The amount of George's net pay is $568.8 per week.
Explanation:
Because George's yearly pay is under the limit for OASDI, he don't bear the income tax either.
Rate Amount
Gross pay $800.0
Personal deduction 15% $120.0
Medical insurance deduction $50.0
FICA Social Security 6.20% $49.6
FICA Medicare 1.45% $11.6
Income Before Tax $568.8
Taxation 0% $0
Net Pay $568.8
$270000 is residual income
<u>Explanation:</u>
The following table has been made in order to find out the residual income of the company.
<u>Particulars</u> <u> Amt
</u>
Net Operating Income 440000
Less: Required Return (1700000 multiply 10%) 170000
Residual Income 270000
From the net operating income of the company, the required rate of return is to be deducted and result will be the residual income of the company.
Thus, from the above calculation, residual income as per the given data and after calculation is = $270000
The type of control chart that is best to monitor this process is <u>C-chart</u>.
<u>Explanation</u>:
<em>C-chart helps in determining whether the defects or returns are within the control limits or not.
</em>
<u><em>Given</em></u>:
Mean = average = 6 per day
Z=3
UcL = mean + 3[square root of mean]
= 6 + 3 (Sq root of 6)
UcL = 13.34
LcL= mean - 3[ square foot of mean] = - 1.34
LcL= -1.34
So the returns are within the control limits.
