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Mkey [24]
3 years ago
7

Athena Company provides employee health insurance that costs $15,400 per month. In addition, the company contributes an amount e

qual to 4% of the employees' $154,000 gross salary to a retirement program. The entry to record the accrued benefits for the month would include a:
Business
1 answer:
Vladimir [108]3 years ago
6 0

Answer:

The entry to record accrued benefits would be a Debit to Employee Benefits Expense of $21,560

Explanation:

In order to calculate The entry to record the accrued benefits for the month we would have to calculate the following formula:

Accrued Benefits=  Health Insurance Cost+  (Gross Salary × Percentage Contributable)

Accrued Benefits=$15,400+($154,000×4%)

Accrued Benefits=$15,400+$6,160

Accrued Benefits=$21,560

The entry to record accrued benefits would be a Debit to Employee Benefits Expense of $21,560

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3 years ago
Sunland Company thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead c
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Answer:

Allocated MOH= $92,500

Explanation:

<u>First, we need to calculate the predetermined overhead rate:</u>

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Answer:

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