Answer:
$1,338,750
Explanation:
To calculate the direct labor budget, we need to determine the amount of direct labor hours and them multiply it to the direct labor cost.
The total amount of hours = 42,500 × 1.5 hours = 63,750
Direct labor budget cost = 63,750 × $21 = $1,338,750
Therefore, the direct labor budget for this year is $1,338,750
A progressive tax system: __________
a) Means higher marginal tax rates at higher income levels.
b) Provides more work incentives than a system with constant marginal tax rates.
c) Promotes more investment than a system with constant marginal tax rates.
d) All of the above.
Answer:
a) Means higher marginal tax rates at higher income levels.
Explanation:
The progressive tax system is a system where the rate of the taxes according to the increased in the taxable amount. It generally applied to the personal income taxes that means if the people have the less income so less tax rate would be applied and if the people have the high income so high tax rate is applied
Therefore as per the given situation, the option a is correct
define renewable resources
Answer:
Renewable Resources is basically a natural resource that can renew by itself or by the help of others.
Explanation:
Suppose the two firms decide to collude by forming a cartel that chooses output cooperatively. They agree to each produce half of the monopoly output in the market. What output does each firm produce?
Answer:
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Explanation:
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