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mamaluj [8]
3 years ago
10

A noncomissioned employee in a company, your pay rate is based on

Business
1 answer:
ipn [44]3 years ago
5 0
<span>if you are an employee who is not working on a commission basis, then most likely, you are working as a salary based employee. Your salary would usually be based on your going rate or your market value to the employers. Based on your caliber, the employers will decide what your salary would be. For example, if you are a fresh grad, you will start with an entry level salary while if you are a manager, you will obviously be receiving a higher salary.</span>
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"refer to your way, inc. what type of products is sold at your way?"
hjlf
Your way, inc is a furniture store located in Dallas, Texas, United States, it makes unique and fine pieces of furnitures, they also repair and recover them. 
4 0
3 years ago
On January 2, Haskins Company purchases a laser cutting machine for use in fabrication of a part for one of its key products. Th
MakcuM [25]

Answer:

Explanation:

Cost of machine - $80000

Useful life - 5 years

Salvage value -$5000

Depreciable amount = 80000-5000= 75000

Annual depreciation = 75000/5 = 15000

Year                    DR                       Accum Dep

Cost                                                                                   8000                  

1                Depreciation 15000       15000  

2               Depreciation  15000      30000

Year 3      Depreciation  15000      45000

Year 4      Depreciation   15000      60000

Year 5      Depreciation   15000      75000

Financial statement template

Balanced sheet

Cash asset + Non cash asset = liabilities + Equity

Cash asset + 65000  = liabilities + equity

Income statement

Revenue - expenses = Net income

Revenue - 15000 - Net Income

3 0
3 years ago
Dukes Corporation used a predetermined overhead rate this year of $2 per direct labor-hour, based on an estimate of 20,000 direc
astraxan [27]

Answer:

Under allocation= 1,000 underallocated

Explanation:

Giving the following information:

Dukes Corporation used a predetermined overhead rate this year of $2 per direct labor-hour, based on an estimate of 20,000 direct labor-hours to be worked during the year. Actual costs and activity during the year were: Actual manufacturing overhead cost incurred $ 38,000 Actual direct labor-hours worked 18,500

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 2*18,500= $37,000

Real overhead= 38,000

Over/under allocation= real MOH - allocated MOH

Under allocation= 38,000 - 37,000= 1,000 underallocated

5 0
3 years ago
Khaling Company sold 26,850 units last year at $15.80 each. Variable cost was $11.70, and total fixed cost was $116,440. Require
MatroZZZ [7]

Answer:

1.Operating Income (loss) (2122)

2. Break even point in units = 28126

3. Required Sales in Units=30899

Explanation:

Khaling Company

Income Statement

Sales  (26,850units* $ 15.84)                       $ 425304

Less

Variable Costs ( $11.70* 26580 units)          $ 31,0986

Contribution Margin                                    114,318

Less Fixed Costs                                         $116,440

Operating Income (loss)                               (2122)

2. Break even point in units = Fixed Costs/ Contribution Margin Per unit

                    = $116,440/$ 15.84-$11.70

                        =$116,440/ 4.14

                        = 28,125.6= 28126 units

<em>We find the Contribution Margin Per unit by subtracting variable cost per unit from sales price per unit.</em>

3. Required Sales in Units = Fixed Costs + Targeted Income/ Contribution Margin Per unit

                 =$116,440 +$11,480  /$ 15.84-$11.70

                  = 127920/4.14= 30898.5= 30899 units

6 0
3 years ago
Swifty Corporation spent $4400 to produce Product 89, which can be sold as is for $5500, or processed further incurring addition
Lady bird [3.3K]

Answer:

Relevant:

$5,500

$1,650

$7,700

Explanation:

The only data irrelevant is the first production cost. <u>The $4,400 is not relevant because it is a sunk cost. It will remain constant in both choices.</u> The other costs and income are relevant because they vary on each decision. The $4,400 should not be a part of the decision making process.

6 0
3 years ago
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