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Calculate pay in the following cases
a) Mark works at a rock concert selling programs. He is paid $20 for showing up, plus 45 cents for each program that he sells. He sells 200 programs. How much does he earn working at the rock concert?
b) Mary wood is an architect working for New Horizons. She makes every month a salary of 5500.
i What is her annual income?
ii What is her gross earnings per pay period.
iii How much does she earn per period if paid semi-monthly
iv How much does she earn per period if paid weekly.
c) Danny Keeper is paid $12.50 per hour. He worked 8 hours on Monday and Tuesday, 10 hours on Wednesday and 7 hours on Thursday. Friday was a public holiday and he was called in to work for 10 hours. Overtime is paid time and a half. Time over 40 hours is considered as overtime.
Calculate regular salary and overtime. Show all of your work.
Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.
Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.
Prepare a master budget for the three-month period.
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
Evaluate the Predetermined Overhead Rate
Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.
Complete the schedule to compute the pool rates for the different activities.
Prepare Company financial statements
This individual assignment is based on the TerraCycle Inc.
Discuss the ethical issues
Calculate the GDP in Income Approach and Expenditure Approach
A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
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