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Figure 16-4
Villafane, SA., has done a cost analysis for its production of decals. The following activities and cost drivers have been developed: Following are the actual costs of producing 35,000 decals: 1,000 machine hours; 5 batches; 30 purchase orders The following variances were given in the activity performance report:
-Refer to Figure 16-4. What is the actual cost of setups?
Estimated Cost
An approximation of the future cost of producing a product, completing a project, or maintaining a service.
FICA Taxes
Taxes paid by both employees and employers to fund Social Security and Medicare, based on a percentage of the employee's earnings.
Federal Unemployment Taxes
Taxes levied by the federal government on employers to fund state workforce agencies and unemployment insurance.
State Unemployment Taxes
Taxes imposed by state governments on employers, based on the amount of wages paid to employees, to fund unemployment compensation benefits.
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