Enercio contributes $100,000 in exchange for a 40% interest in the calendar year abc llc, which is taxed as a partnership. this year, the llc generates $80,000 of ordinary taxable income and has no separately stated income or expenses. enercio withdrew $10,000 from the partnership during the year. enercio is taxed on what amount of abc’s income? on how much of the $10,000 distribution will enercio be taxed?

Abbington company has a manufacturing facility in brooklyn that manufactures robotic equipment for the auto industry. for year 1, abbingtonabbington collected the following information from its main production line: actual quantity purchased-200 units, actual quantity used-110 units, units standard quantity-100 units, actual price paid-$8 per unit, standard price-$10 per unit. atlantic isolates price variances at the time of purchase. what is the materials price variance for year 1? 1. $400 favorable. 2. $400 unfavorable. 3. $220 favorable. 4. $220 unfavorable.