Answer:
December 31,
DR Payroll Tax Expense...........................................$18,670
CR Social Security Taxes Payable..........................................$13,200
Medicare Taxes Payable....................................................$3,300
Federal Unemployment Tax Payable...............................$280
State Unemployment Tax Payable...................................$1,890
Federal Unemployment tax = 0.8% * 35,000 = $280
State Unemployment tax = 5.4% * 35,000 = 1,890
Answer:
Allocated costs= $9,900
Explanation:
Giving the following information:
The Administrative Department costs are allocated to the other three departments based on the number of employees in each.
Costs:
Administration= $30,000
No. of employees:
Maintanance= 2
Assembly= 6
Packaging= 4
First, we need to calculate the proportion of employees in each department:
total employees= 12
Maintanance= 2/12= 0.17
Assembly= 6/12= 0.5
Packaging= 4/12= 0.33
Now, we can allocate the administrative costs to Packaging:
Allocated costs= 0.33*30,000= $9,900
I'm pretty sure it's D- All of the above
Answer:
$60.00
Explanation:
Calculation to estimate the stand-alone selling price
Hara Amount $ Note
Staff compensation $50.00
Mark up % 20%
Mark up amount $10.00
(20%*$50)
Standalone selling price of club fitting services $60.00
($50.00+$10.00)
Therefore the estimated stand-alone selling price will be $60.00
