The company ABC S.A. employs three employees (A, B, C). The daily working time is 8 hours, while the standard production during the 8-hour period has been set at 50 product units. The hourly wage is estimated at 5€ and the fixed daily fee is 40€. Each    worker shall produce the following product units per day: Worker A: 40 units, Worker B : 60 units, Worker C : 70 units   Determine the total daily remuneration for each of the three employees, if the company applies: the Rowan subsidised fee system. the Hasley subsidised fee system.

Q: s it true of false that stock sold for amounts in excess of par value results in a gain reported on ...

A: A company issues its common stock at par value or at an amount more than the par value. The amount i...

Q: Dabin Company purchased a P1,000,000 ordinary life insurance policy for its president. The benefi of...

A: Insurance dividend shall be adjusted with premium amount paid to life insurance company.

Q: On January Ist, 2009, an entity's balance sheet showed a total asset of $850 and total liabilities o...

A: Formula: Accounting equation: Assets = Liabilities + Owners equity

Q: Miller Corporation has the following sales budget for the third quarter of 2021:   Month          ...

A: Lets understand the basics. Management for the purpose of preparing cash budget calculates the cash ...

Q: The balance sheets of Butler, Inc. and its 70 percent-owned subsidiary, Cassie Corp., are presented ...

A: Building A/c Particulars Amount Particulars Amount Opening balance 340000 Depreciation 55000 ...

Q: I need

A: In this question, we have to compute financial advantage / disadvantage.

Q: ABC County Established in 2014 a Cafeteria for the use of its employees and the public. The followin...

A: Income and expenditure account:   It is a financial statement that calculates the net income generat...

Q: Matanglawin Company purchased 8,000, P1,000 face amount, 9% bond to yield 10%. The carrying amount o...

A: Bonds:- It is the loan that is taken by the companies or borrowers from the investors instead of ban...

Q: . Taxpayer incurred the following for the taxable period: |Supplies purchased P80,000 Supplies used ...

A: Under Cash basis expenses shall be allowed when actually paid. Amortization and other historical cos...

Q: On January 1, 2021, Mirakulo Company acquired P4,000,000 of 12% face amount bonds for P3,767,000 to ...

A: Carrying amount of the bond = Present value of principal + Present value of interest payments where,...

Q: A draw bench for precision forming and strengthening of carbon steel tubing has a cost of $950,000. ...

A: Solution Depreciation represents how much assets value has been reduced. It is applicable on tangibl...

Q: Budgets identify, gather, summarise, and communicate: a) Financial data only. b) Financial and non-f...

A: Budgeting is the process of identifying, gathering, summarizing, and communicating financial and non...

Q: Willow Clinic bases its budgets on patient-visits. During October, the clinic plans for a level of a...

A: Total variable cost changes with the number of patient visits. Total fixed costs remains same irresp...

Q: Sheffield Steel Company, as lessee, signed a lease agreement for equipment for 5 years, beginning De...

A: Right-of-Use Asset: The right-of-use asset is a renter's on the whole correct to utilize a resource ...

Q: . Mr. Ron acquired machinery for use in his business. After a strong typhoon, the machinery suffered...

A: Any cost of repair or replacement to fixed assets should be capitalized if it results in enhanced pe...

Q: Required information [The following information applies to the questions displayed below.] On Januar...

A:

Q: Lois's expected share of income from an S corporation is $900,000. Lois's marginal tax rate on ordin...

A: Ordinary Income: Ordinary income is generally described as pay other than long-haul capital addition...

Q: DEFINE AND INDICATE TYPES OF DUMPING.

A: Dumping: Dumping refers to the reduced price of the products at which price the exporters exports go...

Q: ophia derived a total compensation of P350,000. She also derived income from the sale of her persona...

A: This is a multiple-choice question in which we have to select the correct option

Q: Given the following cost and activity observations for Leno Enterprises' utilities, use the high-low...

A: Variable costs refer to the costs that tend to change with the level of output. 

Q: xamine each of the following independent circumstances and identify the type of pay period (weekly, ...

A: Comment- Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the quest...

Q: Which of the following is correct?  a) Fringe benefits are always subject to fringe benefit tax. b) ...

A: Fringe benefits are the one which are allowed to the employees by their employers as an incentive fo...

Q: Kirk Company purchased equipment by making a down payment of P400,000 and issuing a note payable for...

A: Capitalized cost of the equipment = Down payment + Present value of Note + Shipping charges + Instal...

Q: Helix Corporation uses the weighted-average method in its process costing system. It produces prefab...

A: Solution: Units transferred out during the month of May = Units in beginning WIP + Units started - U...

Q: 7) You purchased a commercial building and lot for $190,000 on March 3rd, 2020. The lot itself was v...

A: Modified Accelerated Cost Recovery System that allows a deduction for depreciation for the tax purpo...

Q: Citricacid plc budgets during its first year of operations to produce and  sell 38,160 litres of pro...

A: Budgeted Cost: A budgeted cost is a gauged future cost that the organization is supposed to bring ab...

Q: 30 Which of the following are some of the defining characteristics of total quality management? . O ...

A: total quality management is such management approach that places emphasis on continuous improvement ...

Q: ABC put up a qualified retirement plan approved by the BIR. It appointed B Corp. to administer the p...

A: 1. The first-year pension expenditure is equal to the total of previous years plus the current years...

Q: On January 1, 2022, Bumili Co. purchased 10,000 shares of Nabili, Inc. for P1,000,000. Commission an...

A: In the books of Bumili Co. , On 1st January, 2022 : Purchase (10,000 shares) = P1,000,000 I.e Share ...

Q: Required: 1-a. Compute cost of goods sold under the FIFO, LIFO, and average cost inventory costing m...

A: Under FIFO Method, units which comes in first will be sold first and the inventory will be out of th...

Q: Mega Corporation, a domestic corporation, deposited P1,000,000 in a 7- 2 point year time deposit wit...

A: Interest income is the income earned by lending money to someone. It is earned until the money lent ...

Q: Jones Company had net income of $10,000 for the year. Beginning total assets were $150,000 and endin...

A: Formula: Return on Assets = Net income / Average Total Assets

Q: Mr. Lolong, a supervisory employee, received the following income in 2015: Gross compensation income...

A: Total gross compensation refers to the amount a worker earns before any deductions or adjustments. I...

Q: 1. Which of the following statements is true? O a Qualitative rescatch methods may enable marketers ...

A: A product-orientated approach means the business develops products based on what it is good at makin...

Q: At the beginning of January 2021, Luminiscence Company purchased ten-year bonds with a face amour of...

A: Solution: Face value of bond = P5,000,000 Stated interest rate = 8% Market interest rate = 10% As ma...

Q: Ben Company has the following sales forecast for the next quarter: April, 20,000 units; May, 24,000 ...

A: Information given in the above question is as follows: Sale forecast for the next quarter are given ...

Q: (No COVID-19 provisions) Fiduciary Investments paid its employee, Yolanda, wages of $144,700 in 2021...

A: Social security Tax: Employers and self-employed people are all required to contribute a portion of ...

Q: Forfeiture of SE 30. Sanjay Mills * 30 30 on allotr except first ca forfeited by t [Ans. Money

A: Shares in publicly listed firms that an owner loses or surrenders due to a failure to respect specif...

Q: Andover Inc. has projected sales to be: February, $10,000; March, $9,000; April, $8,000; May, S10,00...

A: Total cash receipts in May = (30% * Projected sales of May) + (70% * 40% * Projected sales of April)...

Q: the sub-parts to be solved  please

A: The direct costs are debited to work in process account and indirect costs are debited to manufactur...

Q: Balance Sheet The account balances of Paradise Travel Service for the year ended May 31, 20Y6, follo...

A: Solution Retained earning is the part of the company's profit which is not distributed as a dividend...

Q: Service Revenue $10,000 Cash $12,000. Accounts Receivable $3,000 $4,000 $2,000 $1.200 Office Supplie...

A: All expenses and revenues are shown on the income statement. All assets, libilities and stockholders...

Q: Nojar Inc. manufacturers a product that is packaged and sold in 30-kilogram bags. For 2022, the comp...

A: Variance is the deviation of actual performance from the standard performance.

Q: Suppose Columbia Sportswear Company (USA) had accounts receivable of $205,025,000 at the beginning o...

A: whenever good is sold to the customer on credit then whatever will be received from the customer in ...

Q: Compute the annual depreciation using: а. SLM b. Service method Output method с.

A: Depreciation is the reduction in the value of asset due to its normal use and tear and wear. It is c...

Q: Jana is a shareholder in Jasmine Company, a partnership. Her share of the business's current ordinar...

A: The association made by two or more persons where each person have right to get their share of profi...

Q: Compute the taxable compensation income.  a. 1,305,000 b. 1,325,000 c. 1,150,000 d. 1,285,000

A: The question is related to the taxation. The detailed are given. The 13th month pay is taxable up to...

Q: Kirk Company purchased equipment by making a down payment of P400,000 and issuing a note payable for...

A: Capitalized cost of the equipment = Down payment + Present value of Note + Shipping charges + Instal...

Q: PROBLEM 3–7 (LO1,2,3,4,5,6) Comprehensive Accounting Cycle Review Problem The unadjusted trial balan...

A: T-Account The purpose of preparing the T-Account is to know the actual balance which are incurred at...