All categories

3 years ago

What is a fringe benefit?

1 answer:

5 0

A fringe Benefit is a payment to employees other than wages or salaries. Fringe benefits are provided to both regular employees and minimum wage earners as an additional compensation. Fringe benefits are commonly tax-exempt which generally includes employee discounts, educational assistance, health insurance, personal use of the vehicles owned by the company, reimbursement of childcare and assistance and others.

You might be interested in

Schwering Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have already been allocat

Vesnalui [34]

Answer:

Instructions are below.

Explanation:

1)

Order Filling, $136,040

Orders (Order Filling)

Product D7 3,040

Product U1 760

To calculate the predetermined overhead rate, we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Order Filling= 136,040/3,800

Order Filling= $35.8 per order

2)

Overhead costs:

Machining, $81,600

Order Filling, $161,500

Activity data appear below:

MHs (Machining) Orders (Order Filling)

Product D7 13,200 4,000

Product U1 26,800 1,000

First, we need to calculate the activity rate for each activity:

Machining= 81,600/40,000= $2.04 per machine hour

Order Filling= 161,500/5,000= $32.3 per order

Now, we can allocate overhead to product U1:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Product U1= 2.04*26,800 + 32.3*1,000= $86,972

3)

Wall Mirrors Specialty Windows

Total expected units produced 7,700 1,450

Expected direct labor-hours per unit 14 7

The total materials handling cost for the year is expected to be $17,153.10.

Total direct labor hours, and predetermined overhead rate:

Total direct labor hours= 14*7,700 + 7*1,450= 117,950

Material Handling activity rate= 17,153.1/117,950= $0.145 per direct labor hour

Now, we allocate overhead:

Wall Mirrors= 0.15*107,800= $16,170

6 0

4 years ago

what do economies of scale, the ownership of essential raw materials, and patents have in common? they must all be present befor

pantera1 [17]

what do economies of scale, the ownership of essential raw materials, and patents have in common? They are all barriers to entry.

Materials or substances used in the initial stages of producing or manufacturing items are known as raw materials. On commodity exchanges around the world, raw materials are commodities that are purchased and sold. Since raw materials, like labor and capital, are factors of production, traders buy and sell them on the factor market.

Various sorts of raw materials can be employed in a wide range of goods. The inventory or input commodities that a business needs to make its products are known as raw materials. For instance, a car manufacturer would employ steel used in the construction of vehicles as a raw material.

Learn More About raw materials:

brainly.com/question/13376768

#SPJ4

5 0

2 years ago

Based on the following cost data, what conclusions can you make about the costs of Product A and Product B?

Basile [38]

Answer:

The answer is D

Explanation:

Product A is a variable cost because variable cost(inputs) increases(decreases) with increase (decrease) units(output).

Whereas for product B;

Though, fixed cost is fixed across all units of output but as the total output increases, the average fixed cost decreases because the same amount of fixed costs now cover a larger number of output produced.

6 0

4 years ago

Say a certain manufacturing industry has 63.1 thousand jobs in 2008, but is expected to decline at an average annual rate of 1.7

ss7ja [257]

Answer:

so correct option is b. -27%

Explanation:

given data

job manufacturing industry = 63.1 thousand

annual rate = 1.7 thousand

time period = 10 year

solution

the total loss of jobs over the 10 years will be:

total loss = 1.7 × 10

total loss = 17 thousand jobs

so that the percent change will be

percent change = $\frac{-17}{63.1}\times100$

percent change = -27 %

so correct option is b. -27%

5 0

3 years ago

Read 2 more answers

Gordon would like to win back his customer by giving him tickets to a major league baseball game, but he knows his company frown

-BARSIC- [3]

Answer: ethical

Explanation:

Gordon would like to win back his customer by giving him tickets to a major league baseball game, but he knows his company frowns on this type of activity. Gordon is facing ethical dilemma.

Ethical dilemmas, is a dilemma that has to do with morals and principles which involves an option that isn't ethically acceptable. In this scenario, Gordon's company doesn't support activities like giving free tickets to customers and at the same time, he wants to win back his customer. He is faced with ethical dilemma as he's aware that giving out the ticket won't be supported by his company even though to him,it feels like the right thing to do to win back his customer.

7 0

3 years ago