1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
qaws [65]
4 years ago
9

Manufacturing Company has labor costs as follows: Gross Wages Factory...........$1,000,000 Net Wages Factory....................

840,000 Employee Payroll Taxes Payable 100,000 you want to record the cost of factory labor and payroll tax expense. The debit to factory labor would be:
Business
1 answer:
Afina-wow [57]4 years ago
3 0

Answer:

The debit of $1,100,000 is posted to factory labor

Explanation:

The debit to factory labor would comprises of the gross wages and employee payroll taxes payable as the cost of factory labor should reflect the company's total costs incurred for the relevant period.

Debit to factory labor=$1,000,000+$100,000

                                   =$1,100,000

There are some certain deductions taken from wages and salaries before the remnant is paid to employees such as contribution to pension scheme,the fact that such deductions are not paid to employees now  does not mean it should be excluded from total cost of labor as it is a part and parcel of payroll expenses.

You might be interested in
Employees often work with managers to develop a(n) __________ that outlines the fundamental purposes of their organization.a. or
Levart [38]

Answer: (C) Mission statement

Explanation:

 Mission statement is one of the type of organization statement that is developed by the manager for the various types of fundamental purpose in an organization.

The primary objective of the mission statement in an organization is that it deals with the strategic planning by achieving long term goals.

According to the question, the employees worked with the manager in an organization for developing the mission statement that helps in outline the various types of fundamental process.    

 Therefore, Option (C) is correct.

4 0
3 years ago
Which of the following is not a benefit of CTSO?
Advocard [28]
Scholarships would not be of any benefit
8 0
3 years ago
Read 2 more answers
As Bubba's Bubble Gum Company adds workers while using the same amount of machinery, some workers may be underutilized because t
Allisa [31]

Answer: diminishing marginal product

Explanation:

A. When a firm in the market increase its level of production it results in reduction of cost which is called economies of scale.

B. Increase in cost that resulted due to unnecessary increase in level of production is called diseconomies of scale.

C. Increasing marginal product can be defined as the increase in output resulting due to employment of one more unit of input such as labor.

D.  Diminishing marginal product can be defined as the decrease in output resulting due to employment of one more unit of input such as labor.

From the above explanation we can conclude that right answer is diminishing marginal product .

4 0
3 years ago
5. A firm currently produces its desired level of output. Its marginal product of labor is 400, its marginal product of capital
gizmo_the_mogwai [7]

Answer:

D.

Explanation:

Firms will hire more labor when the marginal revenue product of labor is greater than the wage rate, and stop hiring as soon as the two values are equal.

7 0
4 years ago
Gord Larose and his friend David Allan worked in Ottawa at Nortel Networks, a giant telecommunications-equipment maker. One Frid
butalik [34]

Answer:

intrapreneurs

Explanation:

An intrapreneur is an employee who is tasked with developing an innovative idea or project within a company.

An intrapreneur works inside a company to develop an innovative idea or project that will enhance the company's future.

The intrapreneur is generally given autonomy to work on a project that may have a considerable impact on the company. Over time, an intrapreneur may turn into an entrepreneur.

5 0
3 years ago
Other questions:
  • Mary and Jack Gray, local golf stars, opened the Chip-Shot Driving Range Company on March 1, 2008. They invested $25,000 cash an
    8·1 answer
  • Warner Corporation purchased a machine 7 years ago for $405,000 when it launched product P50. Unfortunately, this machine has br
    9·1 answer
  • A major factor contributing to the slow growth rate of less developed economies is
    6·1 answer
  • Exercise 7-14 surland Company expects to have a cash balance of s61.300 on January 1, 2017. These are the relevant monthly budge
    11·1 answer
  • Devon and Kimberly are married and file a joint return. They have scheduled their tax appointment with Andrea, their tax prepare
    5·1 answer
  • According to a recent​ study, 14% of u.s. drivers are uninsured. a random sample of seven drivers was selected. what is the prob
    7·1 answer
  • At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $360,000 and in Allowance for Uncollectible A
    10·1 answer
  • Define the three economic aspects of monopoly and the three economic effects of oligopoly?
    11·1 answer
  • Please join my first good server in discord
    9·1 answer
  • Grover Company has the following data for the production and sale of 2,300 units. Sales price per unit $ 950 per unit Fixed cost
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!