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Semenov [28]
2 years ago
7

Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional

questions.
Online Content: Site 1
Explain why two employees at a company, earning the same gross pay, might have different net pays.
How are hourly and salaried gross pay calculated?
Business
1 answer:
Murrr4er [49]2 years ago
4 0
<h2>Answer:</h2><h3>1)One employee may have more deductions than the other employee, such as a larger number of dependents, or may be choosing to pay more of her paycheck into Social Security. </h3><h3 /><h3>2)Hourly Gross Pay is calculated by multiplying the number of hours worked in the pay period times the hourly pay rate. Overtime pay is also included in the gross pay calculation. Gross pay for salaried employees is calculated by dividing the total annual pay for that employee by the number of pay periods in a year.</h3>

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Lillich, Inc., manufactures and sells two products: Product U6 and Product R5. Data concerning the expected production of each p
Gelneren [198K]

Answer:

Lillich, Inc.

The unit product cost of Products U6 under activity-based costing is closest to:  $1,460

Explanation:

a) Data about expected production of Products U6 and R5:

                                  Expected       Direct Labor-Hours    Total Direct

                                 Production          Per Unit                 Labor-Hours  

Product U6                       640                    8.4                       5,376

Product R5                      1,015                    5.4                       5,481                    

Total direct labor-hours                                                        10,857

The direct labor rate is $27.50 per DLH.

Direct Materials Cost per Unit   Product U6$249.30  Product R5 $166.70

                                                         

Activity Cost Pools  Activity      Estimated           Expected Activity  

                              Measures   Overhead  Product U6  Product R5   Total

                                                    Cost      

Labor-related           DLHs      $ 196,138         5,376         5,481         10,857

Production orders    Orders       67,340           800           700           1,500

Order size                MHs        1,015,108        5,400         5,700          11,100  

                                            $1,278,586

Overhead Costs:

                                                Product U6      Product R5        Total

Labor-related overhead costs   $97,121             $99,017      $196,138

Production orders                        35,915               31,425         67,340

Order size                                 493,836             521,272      1,015,108

Manufacturing overheads     $626,872           $651,714   $1,278,586

The direct labor rate is $27.50 per DLH

                                                 Product U6      Product R5            Total

Expected Production                        640                 1,015

Direct labor hours                          5,376               5,481              10,857

Direct Materials Cost per Unit  $249.30           $166.70

Direct material costs               $159,552        $169,200.50     $328,752.50

Direct labor costs                       147,840           150,727.50       298,567.50

Manufacturing overhead         626,872            651,714.00      1,278,586.00

Total production costs          $934,264         $971,642.00   $1,905,906.00

Unit cost                                      $1,459.79          $957.28

5 0
2 years ago
To reduce the risk of starting a small business, the government can
Mademuasel [1]
The government can require licenses in order to start the small business. This keeps the small business accountable and the government and keep track of this.
3 0
3 years ago
The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this
Katen [24]

Answer:

Maria spends all of her money on paperback novels and beignets In 2011 she Earned $27 per hour, the price of a paperback novel was $9, and the price of a beignet was $3.

Following give the nominal value of a variable: -

  • The price of a beignet is $3 in 2011
  • Maria's wage is $27 per hour in 2011

Following give the real value of a variable:

  • The price of a paperback novel is 3 beignets in 2011
  • Maria's wage is 9 beignets per hour in 2011.

Suppose that the Fed sharply macaws the money supply between 2011 and 2016 In 2016, Maria's wage has risen to $54 per hour. The price of a paperback novel is $18 and the price of a beignet is $6

In 2016, the relative price of a paperback novel is  3 beignet

Between 2011 and 2016, the nominal value of Maria's wage increases and the real value of her wage remains the same.

Monetary neutrality is the proposition that a change in the money supply affecis nominal variables and does not affecis real variables

7 0
3 years ago
Stockholders' equity of Eden Industries totals $63,000 in combined common stock and retained earnings. Assuming common stock and
TiliK225 [7]

Answer:

Under classified balance sheet, common stock and retained earnings are reported separately

Explanation:

Under equity section of balance sheet, common stock and retained earnings are line items i.e they are reported under equity section of balance sheet separately.

The total of these two should also be separated i.e the total is a line item also. And this forms the total equity provided there are no other line items for the for the period again.

6 0
3 years ago
Statutes prohibit police officers from demanding money for investigating and apprehending criminals and prohibit firefighters fr
irakobra [83]

Answer:

The citizen, however, does not have to pay because the police officer has a pre existing duty.

Explanation:

"Preexisting duty rule is a common-law rule of contract. It says that the rule that performance of an act by which a party is already contractually bound to perform does not constitute valid consideration for a new promise. In other words, a party's offer of a performance already required under an existing contract is an insufficient consideration for modification of the contract."

Then, the citizen doesn't have to pay because the police officer has an existing contract, and it's considered an insufficient consideration for modification of that contract.

Reference: US Legal, Inc, 2019. “Preexisting Duty Rule Law and Legal Definition.” Preexisting Duty Rule Law and Legal Definition | USLegal, Inc., 2019

3 0
3 years ago
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