Answer:
The correct answer is "False".
Explanation:
The given values are:
Indirect labor,
= $1,600,000
Factory utilities,
= $400,000
Direct labor hours,
= $50,000
Now,
The plantwide overhead rate will be:
= 
On substituting the values, we get
= 
= 
= 
($) direct labor per hour
Thus the above is the right response.
Answer:
Both socialism and communism are essentially economic philosophies advocating public rather than private ownership, especially of the means of production, distribution and exchange of goods (i.e., making money) in a society.
Explanation:
Those would be unions I think
Answer:
The correction entries shall be as follows,
1. Service Revenue Dr. $ 920
Customer Account Cr. $ 920
2. Store Purchases Dr. $1,180
Accounts Payable Dr.$340
Supplies Account Cr. $ 1,520
Explanation:
1. The service revenue account was overstated and customer account understated. therefore by debiting service revenue and by crediting customer account, both have been restated at their actual position.
2. The accounts payable was overstated by $ 340 (1,180-1520).it is rectified by debiting with $ 340. Whereas the supplies account was wrongly debited therefore that impact of $1,520 reversed and actual store purchases debited with actual amount of $1,180
Answer:
$8,033
Explanation:
The premium tax credit is a refundable tax credit given to qualifying families or individuals that purchase health insurance through the Health Insurance Marketplace. In order to qualify for the premium tax credit a family or individual must have low or moderate income. The lower your income the larger the tax credit.
The tax credit is calculated using the cost of the silver plan available through the Health Insurance Marketplace and subtracting a percentage of the taxpayer's income.
The Rivers' premium tax credit = $9,800 - $1,767 = $8,033
