Edward ltd comprises of 3 production departments and 2 service departments. The following information is provided for Edward Ltd for 2019. Supervisor's Salary    $   Machining  300,000   Assembly  200,000   Finishing  250,000   Canteen 120,000   Maintenance 150,000     $ Factory Rent  300,000 Heat & Light  200,000 General Repairs  60,000 Machine Depreciation 80,000 Machine Insurance  90,000 Business Rates 75,000     Machining  Assembly Finishing  Canteen Maintenance  Floor Space occupied (m2) 400 200 200 150 50 Value of machinery ($'000) 300 400 200 50 50 The service department work for other departments as follows    Machining  Assembly Finishing Canteen Maintenance Service carried out by canteen           Canteen 30% 30% 40%     Maintenance 25% 50% 25%     Using the overhead analysis sheet for 2019, determine the overhead allocated and apportioned to each of the five departments. Calculate the total overheads included in the production departments after the reapportionment of the service department using the direct method

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Fringe Benefit Tax

Fringe benefits are in addition to the compensation that companies give to their employees. It is an additional benefit above the stated salary. It helps to keep the employees of the firm motivated as sometimes the only salary is not enough to retain the quality employees of the firm. There are different types of fringe benefits. Fringe benefits are given in both private as well as public enterprises.