Section B Thomson Mechanic Shop employs three (3) mechanics. One mechanic serves as the supervisor and is paid $2,000 per month. The other two mechanics are paid $1,200. In addition, each mechanic is paid a commission of $10 per vehicle. Other monthly costs incurred by the Shop includes rent $2,500 Plus $40 per vehicle, depreciation on equipment $1,000, $100 is spent on mechanic supplies per vehicle, utilities cost $200 monthly and advertising $500 monthly. The price of servicing a vehicle at Thompson is $350.00. Your friend who is completing her internship at Thomson has reached asked for assistance in calculating the following for Thomson.

Section B Thomson Mechanic Shop employs three (3) mechanics. One mechanic serves as the supervisor and is paid $2,000 per month. The other two mechanics are paid $1,200. In addition, each mechanic is paid a commission of $10 per vehicle. Other monthly costs incurred by the Shop includes rent $2,500 Plus $40 per vehicle, depreciation on equipment $1,000, $100 is spent on mechanic supplies per vehicle, utilities cost $200 monthly and advertising $500 monthly. The price of servicing a vehicle at Thompson is $350.00. Your friend who is completing her internship at Thomson has reached asked for assistance in calculating the following for Thomson.

College Accounting (Book Only): A Career Approach

12th Edition

ISBN:9781305084087

Author:Cathy J. Scott

Publisher:Cathy J. Scott

Chapter7: Employee Earnings And Deductions

Section: Chapter Questions

Problem 1E

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