Montgomery company has developed the following flexible budget formulas for its four overhead items: overhead item fixed cost variable rate per direct labor hour maintenance $10,000 $ 3.00 power $ 1,500 $ 0.30 indirect labor cost $12.00 equipment lease $ 7,000 total $18,500 $15.30 montgomery normally produces 15,000 units (each unit requires 0.30 direct labor hours); however this year 19,000 units were produced with the following actual costs: overhead item actual costs maintenance $14,000 power $ 2,200 indirect labor cost $70,000 equipment lease $ 7,000 total costs $93,200 calculate the after-the-fact budget for the actual level of activity.

An instance where sellers should work to keep relationships with customers is when they instance where selllars should work to keep relationships with customers is when they feel that the product

On september 1, 2016, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2018. in 2018, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?

Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.