INTERMEDIATE ACCOUNTING
10th Edition
ISBN: 9781265246853
Author: SPICELAND
Publisher: PEARSON
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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?
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What is the degree of operating leaverage general accounting when annual sales are 150,000?
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- Variable overhead efficiency variance?arrow_forwardDuring its first year of operations, a company granted employees vacation privileges and pension rights estimated at a cost of $23,800 and $16,000. The vacations are expected to be taken in the next year and the pension rights are expected to be paid in the future 5-30 years. What is the total cost of vacation pay and pension rights to be recognized in the first year?arrow_forwardWhat is the total cost of job m42 when completed in may?arrow_forward
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