Wages and salaries in the planning budget

Assignment Help Financial Accounting
Reference no: EM13749833

Guilbault Midwifery’s cost formula for its wages and salaries is $2,340 per month plus $154 per birth. For the months of June, the company planned for activity of 115 births, but the actual level of activity was 112 births. The actual wages and salaries for the month was $19,530. The wages and salaries in the planning budget for June would be closest to:

A. $19,530

B. $19,588

C. $20,053

D. $20,050

Reference no: EM13749833

Questions Cloud

Identifying and explaining how the breach occurred : Read the list of suggested resources to find URLs for news stories and reports for your chosen topic. Then find 3 to 5 additional sources on your own. identifying and explaining how the breach occurred (or suspicions by authorities as to how it may..
Present value of an ordinary annuity : On January 1, Mojo Company purchased a new machine for $100,000 to be depreciated over 5 years. It will have no salvage value at the end of its useful life. For both book and tax purposes, depreciation will be $20,000 per year.
Type of program that would resolve the problem : Identify the type of program that would resolve the problem. Describe the processes used to identify the problem in the case study.
Expense provision for doubtful accounts : Credit sales for the year amounted to $10,379,200. Baylor’s expense provision for doubtful accounts is estimated to be 3% of credit sales
Wages and salaries in the planning budget : Guilbault Midwifery’s cost formula for its wages and salaries is $2,340 per month plus $154 per birth. For the months of June, the company planned for activity of 115 births, but the actual level of activity was 112 births. The actual wages and salar..
Creating a fourth table : She asks you to help her continue building the database by changing the properties for fields in three tables, creating a fourth table, adding records, and creating the table relationships
The statement of cash flows : The statement of cash flows:
Net cash provided by operating activities : Boole Corporation’s net cash provided by operating activities was $112; its capital expenditures were $76; and its cash dividends were $31. The company's free cash flow was:
Briefly explain why the situation violates : Melissa Barry, CPA, is the auditor of Audio Video, Inc. Audio Video has not paid Melissa's audit fee for the past 2 years. Melissa is working on this year's audit of Audio Video. Determine whether Rule 101 of the AICPA's Code of Professional Conduct,..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare the adjusting entries

The trial balances shown on page 208 are before and after adjustment for Amit Company at the end of its fiscal year - Prepare the adjusting entries

  Does mary beth proposal present an ethical dilemma

She believes 10% is the more accurate estimate but knows that both the corporation's internal and external auditors allow some flexibility in estimates. Does Mary Beth's proposal present an ethical dilemma?

  Best buy co incs consolidated balance sheets from its 2011

best buy co. inc.s consolidated balance sheets from its 2011 annual report are presented in exhibit 5-3.a. using the

  Briefly describe other methods of obtaining the cash

Prepare a brief memo (no more than 120 words) giving the arguments for and against offering this preferred stock. In the memo also briefly describe other methods of obtaining the cash.

  Prepare a balance sheet as of april 30

Prepare a statement of owners equity for April - The statement of owner's equity for a proprietorship is similar to the retained earnings statement for a corporation.

  How each amount in the flexible budget was calculated

Explain how each amount in the flexible budget was calculated and determine the variance for each line of the profit and loss statement in both dollar terms and percentage terms

  How variable costing differs from absorption costing

Explain how variable costing differs from absorption costing and compute unit product costs under each method, and Identify relevant and irrelevant costs and benefits in a decision situation.

  Changes in variable costs fixed costs and selling price

Changes in Variable Costs, Fixed Costs and Selling Price, and Volume. The marketing manager argues that a $5,000 increase in the monthly advertising budget would increase monthly sales by $9,000. Should the advertising budget be increased?

  What journal entry is recorded at the end

Assuming that Tiberand owns 25 percent of Schilling and applies the equity method, what journal entry is recorded at the end of 2010 to defer the unrealized gross profit?

  Prepare adjusting journal entries

Prepare the journal entry(ies) to record the issuance of zero interest bearing notes and warrants for the cash consideration that was received.

  Clyde and bonnie are the only two shareholders in getaway

clyde and bonnie are the only two shareholders in getaway corporation. bonnie owns 60 shares with a basis of 6600 and

  Prepare the journal entries by brainard industries

Prepare the journal entries by Brainard Industries, Inc., necessitated by the restructuring of the debt

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd