Town of Bellington Budget Essay

A. Some of the possible drivers of salary cost are Number or Departures, Revenue Ton Miles, Revenue Miles scheduled, Revenue passenger miles and there are countless more you could use.

Relevant Costs, Insurance, Fuel, Oil Lubricants, Tolls, Parts and Small Tools, Hourly wages: Drivers, Trailer Pool Expense

Name: Amber Smith CAUTION: See "round" rules in Excel Instructions before calculating OT for slaried employees. Enter the appropriate numbers/formulas in the shaded (gray) cells. An asterisk (*) will appear to the right of an incorrect answer. For a breakdown of the solution by chapter, see the worksheet tabs labeled CPP 2 through 6 representing the solutions for chapters 2-6. Continuing Payroll Problem-B

Enter the appropriate numbers/formulas in the shaded (gray) cells. An asterisk (*) will appear to the right of an incorrect answer.

| if maritalStatus = ‘M’ taxRate = MARRIED_RATEif maritalStatus = ‘S’ taxRate = SINGLE_RATEif maritalStatus = ‘D’ taxRate = DIVORCED_RATEif maritalStatus = ‘W’ taxRate = WIDOWED_RATEIf hoursWorked <= 40 grossPay = hoursWorked * hourlyRateElse regularPay = (40 * hourlyRate) overtimePay = ((hoursWorked-40) * (hourlyRate * 1.5)) grossPay = regularPay + overtimePaytaxAmount = grossPay * taxRatenetPay = grossPay - taxAmount

2. (10 pts.) Referring to the table below, hiring a driver costs $10. Each machine costs $100. Which method should he use and why?

Unit contribution = Unit Price – Unit Variable Cost = $1.80 – $1.40 = $0.40

Springfield Express has an opportunity to obtain a new route that would be traveled 20 times per month. The company believes it can sell seats at $ 175 on the route, but the load factor would be only 60 percent. Fixed cost would increase by $ 250,000 per month for additional personnel, additional passenger train cars, maintenance, and so on. Variable cost per passenger would remain at $ 70.

7) NCC is considering the purchase of two new dryers(each costs $10000, the cost includes installation cost) and conversion of up to 10 dry berry holding bins (each costs $2000, that includes labor and material cost) so that they can hold water-harvested or dry berries. What are your recommendations? Assume that drivers are paid $12 per hour.

2.) For each expense that is variable with respect to revenue hours, calculate the cost per revenue hour.

This technique (multiple regressions) takes more than one cost drivers into consideration so the estimation would be more close to the salary cost that we have already. In this problem the multiple regressions (0.861549482) has the bigger R square than single

Then the issue with the weekly average wage. Harris v Lily Transportation governs this squarely on point and Bill Gardner is wrong. It doesn’t matter how the CBA defines “overtime” it matters how the statute defines overtime and the situation in Harris and Lily was exactly the same because in that case the CBA provided for overtime payments for time over 8 and besides which the parties don’t get to decide what the statute means

Some of the problems that one might encounter using time-series data to estimate the parameters of this model, could be the change in the number of buses that are taken out of service each year. This is because only certain buses are taken out which means that they would not be any consistency in the amount of buses taken out. Another problem could be are all the buses. Another problem could be the condition of the bus, the bus may not be as old, but may cause problems and are taken out of service and might affect the average range of miles.

(iii) The average cost will stay the same which is the old hourly wage system just like in ‘Previous System’

For instance, if annual cost of a mix wagon is $3,000, then an equivalent increase in net