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Darina [25.2K]
3 years ago
14

The following monthly data pertains to the Amnesty Company: Sales commissions 8,000 Delivery truck depreciation $2,500 Direct la

bor 45,000 Indirect labor 15,000 Direct materials 30,000 Indirect materials 4,000 Factory electricity and gas 8,000 Factory supervisor salary 12,000 Depreciation of factory building 7,000 Property taxes on corporate headquarters building 16,000 Determine the manufacturing overhead for the month.
Business
1 answer:
Fed [463]3 years ago
3 0

Answer: $46000

Explanation:

The manufacturing overhead for the month will be calculated as:

Indirect labour = $15000

Add: Indirect material = $4000

Add: Factory electricity gas = $8000

Add: Factory supervisor salary = $12000

Add: Depreciation on factory building = $7000

Therefore, the total manufacturing overheads would be gotten by adding the above values together whihc will be equal to $46000.

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Breakin Away Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll inform
aleksandr82 [10.1K]

Answer:

Gross pay:

  • consultant $2,310
  • computer programmer $2,100
  • administrator $2,760

Net pay:

  • consultant $1,694.73
  • computer programmer $1,539.68
  • administrator $1,945.78

Explanation:

                                           regular earnings     overtime    withholding  

                                                                                               allowances

Consultant                          $2,310 per week       N/A                3

Computer programmer          $30 per hour        1.5                  2

Administrator                          $46 per hour          2                   1

computer programmer worked 60 hours = ($30 x 40) + ($30 x 20 x 1.5) = $2,100

administrator worked 50 hours = ($46 x 40) + ($46 x 10 x 2) = $2,760

Social security taxes:

  • Consultant = 6% x $2,310 = $138.60                        
  • Computer programmer = 6% x $2,100 = $126        
  • Administrator = 6% x $2,760 = $165.60

Medicare taxes:

  • Consultant = 1.5% x $2,310 = $34.65                        
  • Computer programmer = 1.5% x $2,100 = $31.5        
  • Administrator = 1.5% x $2,760 = $41.40

Federal income taxes:

  • Consultant: amount subject to withholding = $2,310 - (3 x $70) = $2,100. Federal income taxes = $356.90 + [28% x ($2,100 - $1,796) = $442.02                        
  • Computer programmer = amount subject to withholding = $2,100 - (2 x $70) = $1,960. Federal income taxes = $356.90 + [28% x ($1,960 - $1,796) = $402.82            
  • Administrator = amount subject to withholding = $2,760 - $70 = $2,690. Federal income taxes = $356.90 + [28% x ($2,690 - $1,796) = $607.22  

Gross pay:

  • consultant $2,310
  • computer programmer $2,100
  • administrator $2,760

Net pay:

  • consultant $2,310 - ($138.60 + $34.65 + $442.02) = $1,694.73
  • computer programmer $2,100 - ($126 + $31.50 + $402.82) = $1,539.68
  • administrator $2,760 - ($165.60 + $41.40 + $607.22) = $1,945.78
8 0
3 years ago
You have been asked to forecast the additional funds needed (AFN) for Houston, Hargrove, & Worthington (HHW), which is plann
balandron [24]
44.2


Because I said so
3 0
3 years ago
N capital budgeting, what term do we use to describe the potential for analysis to be based on rosy or optimistic forecasts?
gladu [14]
<span>managerial bias is the term used to describe the potential for analysis to be based on rosy or optimistic forecasts Ex: high sales projections &/or low cost projections</span>
4 0
4 years ago
Oberon, Inc., has a $15 million (face value) 10-year bond issue selling for 99 percent of par that pays an annual coupon of 8.35
Grace [21]

Answer:

The before-tax component cost of debt is 8.489%.

Explanation:

We apply the formula for yield to maturity (YTM) to solve this problem.

YTM = [C + (F-P)/n] / [(F+P)/2] where

C = Coupon payment

F = Face value of bond

P = Present value of bond (or current selling price)

n = Years to maturity

The given values are:

F = $15,000,000

P = 0.99 x $15,000,000 = $14,850,000

C = 0.0835 x $15,000,000 = $1,252,000

n = 10

Applying these values in the above formula,

YTM = [1,252,000 + (15,000,000 - 14,850,000)/10]

           / [(15,000,000 + 14,850,000)/2]

YTM = 1,267,000 / 14,925,000

YTM = 0.08489

YTM = 8.489%

7 0
3 years ago
Read 2 more answers
When workers are asked to participate in a research study, vulnerabilities related to the subject's employment may include:
ss7ja [257]

Answer:

e. All of the above

Explanation:

All options are possible certainly. The unions have the right to ask the employees to participate with the expectation that entitlement may follow from the study results. The study results are certainly going to ensure entitlement. Also, the employer might encourage or deny the participation of the workers as this is management work. It is on the employer that he allows or denies the employee from taking part in the meeting. Also, the employee might be pressurized by the management to take part in the study as the employer perceives the study are advantageous to the organization. This is a certainty as well, an employer might see profit in this. And the studies will affect the employee's pay, benefits as well as the promotion potential. The meeting is certainly going to increase employee's pay as well as provide him various benefits, and there are chances of promotion as well. Hence, all the options are correct.

5 0
3 years ago
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