66. Employees earn vacation pay at the rate of one day per month. During July, 25...
66. Employees earn vacation pay at the rate of one day per month. During July, 25 employees qualify for one vacation day each. Their average daily wage is $100 per day. What is the amount of vacation benefit expense for the month of july?
Homework Answers
Answer - $2500
Explanation-
Employees earn vacation pay at the rate of one day per month (given)
The number of employees qualifying for one day vacation = 25
The average daily wage = $100 per day
Hence the amount of vacation benefit expense for the month of July = 25 employees * $100 per day
= $2500
Add Answer to:
66. Employees earn vacation pay at the rate of one
day per month. During July, 25...
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Company.
Employees earn vacation pay at a rate of one day per month.
During December, 26 employees qualify for one vacation day each.
Their average daily wage is $150 per employee.
During December, Maxum Company sold 3,300 units of a product
that carries a 60-day warranty. December sales for this product
total $135,000. The company expects 5% of the units to need
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