Jiminy Cricket Co. has a five-day workweek (Monday through Friday). Employees earn $1,420 per day. If the month ends on Wednesday, with wages paid on Friday, how much wage expense should be accrued on Wednesday? Provide Right answer

Jiminy Cricket Co. has a five-day workweek (Monday through Friday). Employees earn $1,420 per day. If the month ends on Wednesday, with wages paid on Friday, how much wage expense should be accrued on Wednesday? Provide Right answer

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter3: Accounting For Labor

Section: Chapter Questions

Problem 10E: The total wages and salaries earned by all employees of Langen Electronics, Ltd. during March, as...

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Jiminy Cricket Co. has a five-day workweek (Monday through Friday). Employees earn $1,420 per day. If the month ends on Wednesday, with wages paid on Friday, how much wage expense should be accrued on Wednesday? a. $1,500 b. $1,560 c. $2,530 d. $1,050 e. $4,260
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Alison Co., pays its employees every Friday for work performed through that Friday. Alison employees work Monday through Friday. They do not work on weekends. The gross payroll for Alison is $18,900 each week. Alison will pay its employees $18,900 on Friday, April 3rd. This payroll is for wages earned Monday, March 30th through Friday, April 3rd. How much of the $18,900 paid on April 3rd should be expensed in April?
Jiminy Cricket Co. has a five-day workweek (Monday through Friday). Employees earn $1,420 per day. If the month ends on Wednesday, with wages paid on Friday, how much wage expense should be accrued on Wednesday? a. $1,500 b. $1,560 c. $2,530 d. $1,050 e. $4,260need answer
How much wage expense should be accrued on Wednesday?
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