Can Please Help Me: Accounting60 minutes only the given time. Wish you could help me.I will give UPVOTE and GOOD FEEDBACK. • On May 1, 2020, the Department of Labor mandated a salary increase thataffected the labor costs of Golden Company. How this development willaffect the company's break-even point and margin of Safety?1. Increase in break-even point, increase in margin of safety2. Increase in break-even point, decrease in margin of safety3. Decrease in break-even point, increase in margin of safety4. Decrease in break-even point, decrease in margin of safetyO 1O 2

Increase in labor cost will increase the variable cost of the business. Contribution margin = Sales…

Answered: On May 1, 2020, the Department of Labor…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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May you explain Employees Benefit please? See attached photo for the problem and question.
Paton Consultants is a consulting firm that engages clients in regards to their transfer pricing. The following Table presents the most recent period's budget and actual performance for that period. Revenue is based on hours billed to clients. Revenue Direct Labor Fixed Overhead Profit Budget $ 1,000,000 $ 800,000 $ 100,000 $ 100,000 Actual $ 1,200,000 $ 990,000 $ 100,220 $ 109,780 1.Assume that Paton's actual hourly rate that they billed clients at was no different than the planned hourly rate (thus, the difference between budgeted revenue and actual is solely because Paton was able to bill more hours). Should Paton be satisfied with the variance in Direct Labor? Why or why not?
3. CONTEXT In 2019 Wal-Mart employed over 1.7 million employees in the U.S. and, in its annual report, recorded an employee turnover rate of about sixty percent. Although Wal-Mart has since made some efforts to improve employee retention, the situation remains substantially unchanged and, more importantly, the underlying principle is still very pertinent. In fact, Amazon actually pays employees who have, (often legitimate) grievances to quit. 4. THE CASE Given the vast number of employees, enormous expense in terms of rehiring and training is to be expected. For purposes of this exercise we presume that employee training pay is above the federal minimum and, more or less the average of state minimums, or about $6.50. We estimate that training time is three and half work weeks of thirty-six and half hours. Since Wal-Mart has about 1.7 million employees, a 60% turnover means hiring and training about a million new people every year. In addition to the cost of the trainee we must add the…
Answer (b) only.
After selection of an Employee, the Human Resource Department decide the following salary breakup. Employee Base pay = Rs.17 (Per Regular hrs.) + Rs.50 (Per Week Bonus) Employee working hrs. Per Week = 60hrs (40 regular hrs. 20 overtime hrs.) Case # 01 So: 1.Calculate the actual regular pay rate per hour. 2.Calculate the overtime rate per hour. 3.Calculate the Total pay for a month.
9. Suppose that a company gives out $100 cach month for the employee who most follows lean management principles. Which 78 principle are they following by recognizing the employee? a. Shine/sweep b. Sort/Segregate c. Safety d. Sustain/Self-Discipline
Which one of the following is a principle that a successful wage incentive scheme should adhere to? Select one: O A. The system must favour newly employed personnel. O B. The standards set to qualify for the bonus must be very high. O C. Employees must be paid their bonuses in no more than two months after the bonuses were earned. O D. The system must be understandable to employees.
Subject:- Accounting
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4. The cost data for processing invoices for BC Billing Solutions for the year 2020 is as follows:\ Month Invoices Processed Overtime Wages January 12,000 $7,760 February 8,000 6,800 March 1,000 6,000 April 7,000 6,100 May 5,000 6,200 June 10,000 7,300 July 11,000 7,400 August 9,000 6,900 September 5,000 6,500 October…

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