Author: Anfisa Dmitrieva

You need the sale price for each item in your inventory as well as fixed costs for your business. For example, your business may produce both large and small candles using the same wax mixture. Variable costs will take into account the costs of raw m…

Depreciation on factory equipment, factory rent, factory insurance, factory property taxes, and factory utilities are all examples of manufacturing overhead costs. Together, the direct materials, direct labor, and manufacturing overhead are referred …

Changes the Internal Revenue Service made to its codes encouraged states to modify their laws to allow LLCs to also have a perpetual existence. However, whereas all corporations automatically are perpetual until dissolved, when they create the LLC or…

These can include rent or mortgage payments, depreciation of assets, salaries and payroll, membership and subscription dues, legal fees and accounting costs. Fixed expense amounts stay the same regardless if a business earns more — or loses more — …

Payroll tax and income tax are similar concepts, and if you work a job in the United States, you’ll likely see withholdings for both on your paycheck. The payroll tax system usually refers to taxes for Medicare and Social Security that are withheld a…

Alternative measures of ” return ” preferred by economists are net present value and internal rate of return. Alternative measures of “return” preferred by economists are net present value and internal rate of return….

Definition of overtime pay. : money earned at an increased rate for working more than the usual number of hours in one week When he works on the weekends, he collects overtime pay….

It’s used to define the amount to be debited for indirect labor, material and other indirect expenses for production to the work in progress. To calculate the overhead costs of a business, add all the ongoing business expenses that keep your business…

For example, the total value of a good produced in a region of a country depends on both the amount and the price. To compare the output of different regions, the nominal output in a region can be adjusted by repricing the goods at common or average …

Additional income from nonemployment sources may adjust the gross amount. Net income is your actual take-home pay after all adjustments….