Answered: A business has 200 full-time workers…

A business has 200 full-time workers who work 8 hours per day. They have 100 part-time workers who work 5 hours per day. What is the number of full-time equivalent employees?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: Assume a company incurs $192,000 in customer service salaries. The employees in the Customer Service…

A: Allocation for New Account Setup = Total Salaries × Percentage of Time on New Account Setup= 192,000…

Q: If a store uses a 35-hour workweek, determine the sales per fulltime employee equivalent based on…

A: Here in this question, we are required to calculate the sales per full time employee equivalent. We…

Q: Determine overhead under each of the following circumstances: a. A simplified cost approach is used…

A: In order to guarantee that billing rates are established appropriately, and revenues are maximized,…

Q: Walter company uses a predetermined overhead rate based on direct labor hours to apply manufacturing…

A: Predetermined overhead rate = Manufacturing Overheads / Direct labor hours Direct labor hours…

Q: Annual Salary Billable Hours Debbie Tara $190,000 $94,300 2,500 2,050 he accountant for McBride and…

A: Lets understand the basics.Predetermined rate means an indirect cost rate..predetermined overhead…

Q: Elliott, Inc., has four salaried clerks to process purchase orders. Each clerk is paid a salary…

A: Disclaimer: “Since you have posted a question with multiple sub-parts, we will solve the first three…

Q: Assume a company incurs $186,000 of customer service salaries. The employees in the Customer Service…

A: Activity Based Costing is a system of Cost allocation wherein costs are allocated to different…

Q: Employees at Pete's Packaging earn time-and-a-half pay for all hours worked beyond 40 hours. Last…

A: Overtime means when we work beyond the normal working hours. In that case , we are getting more wage…

Q: Assume a company Incurs $200,000 of customer service salaries. The employees in the Customer Service…

A: First stage allocation is the allocation of overhead costs to different activity cost pools. It is…

Q: Lemon Grass Café has five full-time cooks on duty in the kitchen daily, seven days each week. To…

Q: The HIM director, Linda, has been given $15,000.00 for the overtime needed to catch up on the loose…

A: Hours can be worked overtime = Overtime amount is given / Average Staff salary

Q: The consulting firm Sheridan Financial employs 48 full-time staff. The estimated compensation per…

A: The overhead is applied to the production on the basis of the pre-determined overhead rate. The…

Q: The service department at Major Motors sold $48,000 in service last month. They had direct labor…

A: The net income is calculated as difference between revenue and expenses. The income statement is one…

Q: Calculate the total cost of the employee's wages during the week described above.

A: Cost of labor is defined as the total amount of wages paid to the employees in an entity. The wages…

Q: At Cullumber’s Totally Tapas restaurant, the estimated gross payroll total for all employees this…

A: Worker's compensation premium is a type of insurance benefit provided by the employer to employee…

Q: I want to answer this question

A: Step 1: Introduction to the Gross PayGross pay refers to the monthly or yearly payment that an…

Q: An orchardist pays apple pickers $10 per hour plus $8 per $100kg of apples picked. If workers pick,…

A: Amount paid to apple picker per hour is $10 Additional amount per 100 kg is $10 Average apple picked…

Q: Required: 1. Compute the predetermined overhead rate. 2. Compute the hourly billing rate for Debbie…

A: Predetermined Overhead Rate (Based on Salary Costs) = Total Overhead / Total Salary Hourly Billing…

Question

A business has 200 full-time workers who work 8 hours per day. They have 100 part-time workers who work 5 hours per day. What is the number of full-time equivalent employees?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

At Sunland’s Totally Tapas restaurant, the estimated gross payroll total for all employees this year is $783,000. The job classifications and their estimated payroll are as follows: office staff $87,000 and restaurant staff $696,000. The premium rate for office staff is 0.2%, and the premium rate for restaurant staff is 1.5%. Actual payroll is $761,000. The job classifications and their actual payroll are as follows: office staff $87,000 and restaurant staff $674,000. Prepare the journal entry for the payment of Sunland’s Totally Tapas workers’ compensation premium. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount
Lambie Custodial Services (LCS) offers residential and commercial janitorial services. Clients are billed monthly but can cancel the service at the end of any month. In addition to the employees who do the actual cleaning, the firm employs two managers who handle the administrative tasks (human resources, accounting, and so on) and one dispatcher, who assigns the cleaning employees to jobs on a daily basis. On average, residential clients pay $600 per month for weekly cleaning services and the commercial clients pay $2,600 per month for daily service (weekdays only). A typical residential client requires 15 hours a month for cleaning and a typical commercial client requires 69 hours a month. In September, LCS had 75 commercial clients and 80 residential clients. Cleaners are paid $20 per hour and are only paid for the hours actually worked. Supplies and other variable costs are estimated to cost $10 per hour of cleaning. Other monthly costs (all fixed) are $29,000 selling, general, and…
Elliott, Inc., has four salaried clerks to process purchase orders. Each clerk is paid a salary of $25,750 and is capable of processing as many as 6,500 purchase orders per year. Each clerk uses a PC and laser printer in processing orders. Time available on each PC system is sufficient to process 6,500 orders per year. The cost of each PC system is $1,100 per year. In addition to the salaries, Elliott spends $27,560 for forms, postage, and other supplies (assuming 26,000 purchase orders are processed). During the year, 25,350 orders were processed. REQUIRED: 1. Classify the resources associated with purchasing as (1) flexible or (2) committed. 2. Compute the total activity availability, and break this into activity usage and unused activity. 3. Calculate the total cost of resources supplied (activity cost), and break this into the cost of activity used and the cost of unused activity. (a) Suppose that a large special order will cause an additional 500 purchase orders. What purchasing…
IF AN EMPLOYEE PRODUCED 120 UNITS IN NINE HOURS ON A PARTICULAR DAY,WHAT IS THE EMPLOYEE'S PAY FOR THE DAY.
am. 105.