Answer:
a. $1553
b. $1,303
c. $5,618
Explanation:
SUTA is 5.4% for employees if the total salary is below $7,000
In the provided scenario the salary is less than that as $7,000/6 employees = $1,167 each employee. The maximum salary is $1,100 in the scenario.
a.
SUTA = $7,000 * 5.4%
SUTA = $378
Retirement Fund = $75
Gross Salary = $1,100
$378 + $75 + $1,100 = $1553
b.
SUTA = $7,000 * 5.4%
SUTA = $378
Retirement Fund = $75
Gross Salary = $850
$378 + $75 + $850 = $1,303
c.
SUTA = $7,000 * 5.4%
SUTA = $378 * 6 employees
SUTA = $2,268
Retirement Fund = $75 * 6 employees
Retirement Fund = $450
Gross Salary = $150 * 4 employees
Gross Salary = $600
Gross Salary = $1,150 * 2 employees
Gross Salary = $2,300
Total Gross Salary = $2,900
Total Gross Pay = $2,268 + $450 + $2,900
Total Gross Pay = $5,618
I think that’s true but I’m not sure
Answer:
$29,900
Explanation:
According to the scenario, computation of the given data are as follows:-
Predetermined Manufacturing Overhead = 130% of Direct Labor Cost
= $77,000 × 130÷100 = $100,100
Direct Material= $51,300 - $4,500 = $46,800
Direct Labor = $77,000
Total Added Cost to WIP = Manufacturing Overhead + Direct Material + Direct Labor
=$100,100 + $46,800 + $77,000 = $223,900
WIP Inventory at the End of The Year = Beginning WIP Inventory +Total Added Cost to WIP - Cost of Goods Manufactured
= $29,700 + $223,900 - $223,700
= $29,900
