Answer and Explanation:
a. The computation of the gross pay for the week is shown below
Regular pay ($28 ×40 hours) $1,120
Overtime pay (6 hours × $28 × 1.5) $252
Total gross pay $1,372
b. The computation of the net pay for the week is given below:
Gross pay $1,372
Less:
FICA ($1,372 × 7.5%) $103
Federal income tax $200
Net pay $1069.10
Answer and Explanation:
The computation is shown below:
= (Original cost - residual value) ÷ (useful life)
= ($52,000 - $8,000) ÷ (4 years)
= ($44000) ÷ (4 years)
= $11,000
In this method, the depreciation is same for all the remaining useful life
a. The depreciation expense for 2019 is $11,000
b. The depreciation expense for 2020 is $11,000
c. The accumulated depreciation for year 2019 is $11,000
d. The accumulated depreciation for year 2020 is $22,000 ($11,000 + $11,000)
e. The book value is
= Original cost - accumulated depreciation
= $52,000 - $22,000
= $30,000
The selling price given as = $ 15
The cost per CD is = $ 11
The total profit = Selling price - Cost
Total profit per CD = $ 15 - $ 11
Total profit per CD = $ 4
The markup on selling price is calculated as - Total profit ÷ Selling price × 100
Markup on selling price = $ 4 ÷ $ 15 × 100 =26.6666 % or 27 %.
Answer:
The contribution margin per unit is 0.98$
Explanation:
<em>4.25 revenue</em>
1.75 copo paper
1.18 shipping cost
.34 sales commision
<em>3.27 total variable cost</em>
Contribution 4.25 - 3.27 = 0.98
The contribution margin per unit is 0.98$ This is what is left after paying the variable cost.
