Answer:
1)
![\left[\begin{array}{cccccc}$department&$salaries&OASDI&HI&SUTA&FUTA\\$office&22,760&1,411.12&341.4&280&42\\$sales&65,840&4,082.08&987.6&280&42\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccccc%7D%24department%26%24salaries%26OASDI%26HI%26SUTA%26FUTA%5C%5C%24office%2622%2C760%261%2C411.12%26341.4%26280%2642%5C%5C%24sales%2665%2C840%264%2C082.08%26987.6%26280%2642%5C%5C%5Cend%7Barray%7D%5Cright%5D)
2) payroll expense entries:
payroll expense 2063.14
Medicare payable 330.02
Social Security payable 1411.12
SUTA 280
FUTA 42
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payroll expense 5358.76
Medicare payable 954.68
Social Security payable 4082.08
SUTA 280
FUTA 42
Explanation:
We apply for each department the tax rate. Notice SUTA and FUTA have a ceilling of 7,000 so we do not apply the rate to the whole amoung but, for the 7,000 ceiling.
Answer and Explanation:
The summary of the process cost involves the physical flow of units, equivalent units of production, cost per equivalent unit, and the total cost assignment to the units worked on the given time period
Only these four things would be shown in the summary of the process cost
Other than this would be ignored
Answer:
The costs assigned to ending inventory based on the LIFO method under periodic inventory system are:
= $450.
Explanation:
a) Data and Calculations:
On January 26, the company sells 350 units. 150 units remain in ending inventory at January 31.
Units Unit Cost Total Cost
Beginning inventory on January 1 320 $ 3.00 $960
Purchase on January 9 80 3.20 256
Purchase on January 25 100 3.34 334
Tota units available for sale 500 $1,550
Sales on January 26 350 $1,100
Ending inventory at January 31 150 $3.00 $450
Answer:
B. Increases in liabilities and stockholders' equity are credited.
Explanation:
As Liabilities and Stockholder's equity have credit balance, so a credit entry will increase their value and debit entry will decrease its balance. On the other hand assets accounts have debit balance, a credit entry will decrease its balance and debit entry will increase it. So the correct option is B. Increases in liabilities and stockholders' equity are credited.
Answer:
marginal analysis
Explanation:
it is believed that the rational man makes marginal analysis.
for example, a rational man would continue consumption up to the point that the marginal utility of the last bottle consumed equal marginal price.
If marginal utility falls below price, consumption should stop.
If marginal utility is above price, consumption should continue
