Answer:
Please see the blanks filled as under
Explanation:
A flexible budget summarizes Revenues and Expenses for various volume levels by adjusting the Variable costs for the various levels of activities. The Fixed costs remain the same for all levels of activities.
Definitely 3 and I believe number 1 as well. I know for sure that 2, 4 nor 5 are not examples of employee benefits.
Answer:
Debit: Salaries and wages expense $25,056
Credit: Salaries and wages payable $25,056
<em>(To recognize the salaries and wages payable at year-end)</em>
Explanation:
Merando Industries employs a 5-day workweek - this means $41,760 normal weekly wages can be divided by 5 to arrive at the daily workweek wages, which is $41,760 / 5 = $8,352.
If the fiscal year-end is a Wednesday, the company has to recognize a salaries and wages payable of $25,056 due to the following:
- the workweek remains 2 weekdays to complete
- the company pays at the completion of the 5-day workweek
- there is no need to recognize the remaining 2 days next year as salaries and wages payable since the employer may not have control over the employees - they may decide the exit the company
So, the amount to be recognized will be $8,352 x 3 = $25,056.
Hello, this is the answer to you question: it’s APR. Hopefully that helps you, have a great day/night
C.
This is because all resources are almost being used and to their full potential, therefore there are few idle resources and thus is efficiency.
