Explain why the cost of employing someone is more than just the wage or salary paid to the employee
The cost of employing an individual includes the gross wages or salary paid to the employee plus payroll taxes such as state and federal unemployment tax. The employer also pays Social Security and Medicare taxes in an amount equal to what the employee contributed. Other costs that could be incurred are paid benefits such as medical insurance, pension plan contributions, profit-sharing plans, and so on.
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Abburi Company's manufacturing overhead is 60% of its total conversion costs. If direct labor is $52,000 and if direct materials are $28,000, the manufacturing overhead is:
A. $78,000 B. $42,000 C. $34,667 D. $120,000
When two or more individuals engage in an enterprise as co-owners, the organization is known as a proprietorship
Indicate whether the statement is true or false
Which of the following major focuses of resistance to change asks the question, “What will I gain or lose?”
a. self b. others c. work environment d. beliefs
The goal of the ______ is to provide enough payout each year to meet the needs of current programs while allowing the value of the endowment principal to grow.
A. cash budget B. capital budget C. spending limit D. operating budget