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According to a summary of the payroll of Bailik Co., $880,000 was subject to the 6.0% social security tax and the 1.5% Medicare tax. Also, $40,000 was subject to state and federal unemployment taxes.
a. Calculate the employer's payroll taxes, using the following rates: state unemployment, 5.4%; federal unemployment, 0.8%.
b. Journalize the entry to record the accrual of payroll taxes. If an amount box does not require an entry, leave it blank.
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Write a journal entry that explores the topics or assignments covered in this module. Topics include: project planning, project managment systems, Example question: What kinds of questions needs to be addressed in order to measure project success
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Howrley-David uses operations costing and assigns conversion costs based on the number of units assembled. Compute the cost of each model assembled in August.
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Prepare absorption and contribution margin income statements for the succeeding quarter for the division and compute production costs per unit for both approaches and for both quarters
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Dement Publishing Division and Revenue to be recognized
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Clydes marina has estimated that fixed costs per month are $300,000 and variable cost per dollar of sales is $0.40. Illustrate what is the break -even point per month in sales dollars?
Also on August 17, the customer returned goods costing $1,000 (with a sales price of $1,500). The customer reported that the goods did not meet the required specifications.
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