It's up on Google but the definition is a sum of money granted by the government or a mass public body to assist an industry or business so that the price of a commodity or service may remain low or competitive.
When sales exceed production, the net operating income reported under variable costing generally will be <u>greater than the net operating income reported under absorption costing</u>.
Under variable costing, constant manufacturing overhead fee is handled as product cost. If the range of devices produced exceeds the range of gadgets sold, then net operating income under absorption costing will: be extra than net operating earnings underneath variable costing.
Variable costing is a concept used in managerial and cost accounting wherein the fixed production overhead is excluded from the product price of manufacturing. The technique contrasts with absorption costing, in which the fixed manufacturing overhead is allotted to products produced.
Absorption costing, once in a while known as “full costing,” is a managerial accounting technique for taking pictures of all prices associated with manufacturing a selected product. The direct and oblique costs, together with direct substances, direct exertions, leases, and insurance, are accounted for with the aid of the use of this method.
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Answer:
Gross Earnings $760
Net Earnings $606.86.
Explanation:
Beth's regular hourly wage is 40 hours at the rate of $16 per hour.
40 x 16 = $640
Overtime hourly wage is additional hours after the normal 40 hours at the rate of $24.
5 x 24 = $120
Gross earnings is calculated by adding both the above amounts.
640 + 120 = $760
Her employer will charge FICA rate of 7.65% for the amount she earns (Gross Earnings).
760 x 7.65% = 58.14
Net Earnings will be Gross Earnings less FICA and federal income tax $95.
760 - 58.14 - 95 = 606.86
Hence, Beth's Gross Earnings are $760 and Net Earnings are $606.86.
Answer:
correct option is C. Economies of scale
Explanation:
we know here that Margaret expend his business by 20 more people
so we can say according to given this is Economies of scale because
Economies of scale is cost advantage that the business can be exploit by the expand scale of production in long run
and effect is reducing long run average cost of production over the range of output and lower cost is improvement of productive efficiency
it can feed in form of lower market prices
they give business competitive advantage in the market and lead to lower price but high profit
so we can say correct option is C. Economies of scale
The buyer reviews the collected data with the manufacturer.
<h3>Who are these retailers, exactly?</h3>
A shop is a company or establishment where you buy products. Typically, retailers don't produce their own goods. They buy products from a producer or a wholesalers and then sell them in small doses to customers.
<h3>What kind of retailer is an example?</h3>
Best Buy is a prime illustration of a traditional retailer. It pays suppliers like Sony and Frigidaire market cost for the products, then charges customers more for them. Most of the things that Future Shop sells are not ones that company produces. These really are sizable establishments that offer a wide range of goods.
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