Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] The fixed budget for 21,900 units of production shows sales of $657,000; variable costs of $65,700; and fixed costs of $141,000. QS 08-3 (Algo) Flexible budget income calculation LO P1 If the company actually produces and sells 27,300 units, calculate the flexible budget income. ------Flexible Budget------ --Flexible Budget at ------ Sales Variable costs Variable Amount Total Fixed per Unit Cost 21,900 units 27,300 units Contribution margin $ 0 $ 0 $ 0 Fixed costs Income $ 0 $ 0

Mackenzie is considering conducting her business, Mac561, as either a single-member LLC or an S corporation. Assume her marginal ordinary income tax rate is 37 percent, her marginal FICA rate on employee compensation is 1.45 percent, her marginal self-employment tax rate is 2.9 percent (her other self-employment income and/or salary exceeds the wage base limit for the 12.4 percent Social Security tax portion of the self-employment tax), and any employee compensation or self-employment income she receives is subject to the 0.9 percent additional Medicare tax. Also, assume Mac561 generated $200,000 of business income before considering the deduction for compensation Mac561 pays to Mackenzie and Mackenzie can claim the full qualified business income deduction on Mac561's business income allocated to her. Determine Mackenzie's after-tax cash flow from the entity's business income and any compensation she receives from the business under the following assumptions: a. Mackenzie…

On December 31, 2026, the estimated remaining cost to complete was still $40,000, and $25,000 of cost had been incurred during 2026. What is the January 1. 2027, balance of Construction-in-Process? Multiple Choice $50,000 $30,000 $45,000 $40.000 R