Solution-What is the amount of the accrued liability

What is the amount of the accrued liability

Reference no: EM132176341

Question - Vargas Company has 35 employees who work 8-hour days and are paid hourly. On January 1, 2009, the company began a program of granting its employees 10 days of paid vacation each year. Vacation days earned in 2009 may first be taken on January 1, 2010. Information relative to these employees is as follows:

Year	Hourly Wages	Vacation Days Earned by Each Employee	Vacation Days Used by Each Employee
2009	$25.80	10	0
2010	27.00	10	8
2011	28.50	10	10

Vargas has chosen to accrue the liability for compensated absences at the current rates of pay in effect when the compensated time is earned. What is the amount of the accrued liability for compensated absences that should be reported at December 31, 2011?

Reference no: EM132176341

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What is the amount of the accrued liability

Reference no: EM132176341

Reference no: EM132176341

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