Accounting
27th Edition
ISBN: 9781337272094
Author: WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher: Cengage Learning,
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Textbook Question
Chapter 12, Problem 12.27EX
Revenue per employee
Superior Cleaning Services, LLC, provides cleaning services for office buildings. The firm has 10 members in the LLC, which did not change between 20Y8 and 20Y9- During 20Y9, the business terminated two commercial contracts. The following revenue and employee information is provided:
| 20Y9 | 20 Y 8 | |
| Revenues (in thousands) | $16,200 | $18,400 |
| Number of employees (excluding members) | 150 | 200 |
- a. For 20Y9 and 20Y8, determine the revenue per employee (excluding members).
- b. Interpret the trend between the two years.
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2. Richard Corp has the following data for the third week of December:
Employee Name Classification
Hours Worked
Rate per hour
A. Kubel
Laborer
45
50
B. Aileen
Office Secretary
46
45
C. Jose
Laborer
50
52
D. Jay
Factory Supervisor
55
48
E. Richmond
Sales agent
52
60
F. Edward
Laborer
48
45
The following are to be deducted to the gross earnings of employees:
Witholding taxes
5%
ssS contributions
3%
Pbilhsalth
Pag-ibig
1%
1%
Richard Corp paid its employees one and half times the regular rate for hours worked in excess of 40
-----.
hours.
Required: Prepare Journal Entries to record
A. Payroll
B. Labor distribution
Required information
[The following information applies to the questions displayed below]
BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $127,200 paid to its employee, and
Medicare taxes are 145% of gross pay. For BMX, its FUTA taxes are 3.1% and SUTA taxes are 2.9% of the first $7,000
to its employee.
Gross Pay through
August 31
6,400
Gross Pay for
September
800
a.
b.
2,000
120,900
2,100
8,000
C.
suming situation a, prepare the employer's September 30 journal entries to record the employer's payroll taxes expense
ated liabilities.
Complete this question by entering your answers in the tabs below.
General
Employer
ayroll Taxes
Journal
ssuming situation a, calculate the employer's payroll taxes expense. (Round your answers to 2 decimal places.)
September earnings
subject to tax
mployer Payroll taxes
Tax Rate
Tax Amount
General Journal
Employer Payroll Taxes
Required information
[The following information applies to the questions displayed below.]
BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $127,200 paid to its employee, and FICA
Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 3.1% and SUTA taxes are 2.9% of the first $7,000 paid
to its employee.
Gross Pay through
August 31
$ 6,400
Gross Pay for
September
800
а.
b.
2,000
120,900
2,100
8,000
C.
ssuming situation a, prepare the employer's September 30 journal entries to record salary expense and its related payroll liabiliti
this employee. The employee's federal income taxes withheld by the employer are $80 for this pay period.
Complete this question by entering your answers in the tabs below.
Employee Paid
Таxes
General
Journal
Assuming situation a, calculate the employee-paid taxes. The employee's federal income taxes withheld by the employer are
$80 for this pay period. (Round your answers to 2 decimal places.)
Taxes to be Withheld…
Chapter 12 Solutions
Accounting
Ch. 12 - Prob. 1DQCh. 12 - Prob. 2DQCh. 12 - Prob. 3DQCh. 12 - Prob. 4DQCh. 12 - Prob. 5DQCh. 12 - Prob. 6DQCh. 12 - Prob. 7DQCh. 12 - Prob. 8DQCh. 12 - Prob. 9DQCh. 12 - Prob. 10DQ
Ch. 12 - Prob. 12.1APECh. 12 - Prob. 12.1BPECh. 12 - Prob. 12.2APECh. 12 - Prob. 12.2BPECh. 12 - Prob. 12.3APECh. 12 - Prob. 12.3BPECh. 12 - Prob. 12.4APECh. 12 - Prob. 12.4BPECh. 12 - Liquidating partnerships Prior to liquidating...Ch. 12 - Prob. 12.5BPECh. 12 - Prob. 12.6APECh. 12 - Prob. 12.6BPECh. 12 - Revenue per employee Niles and Cohen, CPAs earned ...Ch. 12 - Prob. 12.7BPECh. 12 - Prob. 12.1EXCh. 12 - Prob. 12.2EXCh. 12 - Prob. 12.3EXCh. 12 - Prob. 12.4EXCh. 12 - Prob. 12.5EXCh. 12 - Prob. 12.6EXCh. 12 - Prob. 12.7EXCh. 12 - LLC net income and statement of members equity...Ch. 12 - Prob. 12.9EXCh. 12 - Prob. 12.10EXCh. 12 - Prob. 12.11EXCh. 12 - Prob. 12.12EXCh. 12 - Prob. 12.13EXCh. 12 - Prob. 12.14EXCh. 12 - Prob. 12.15EXCh. 12 - Prob. 12.16EXCh. 12 - Statement of members' equity, admitting new member...Ch. 12 - Distribution of cash upon liquidation Hewitt and...Ch. 12 - Distribution of cash upon liquidation David Oliver...Ch. 12 - Prob. 12.20EXCh. 12 - Prob. 12.21EXCh. 12 - Liquidating partnershipscapital deficiency...Ch. 12 - Prob. 12.23EXCh. 12 - Prob. 12.24EXCh. 12 - Prob. 12.25EXCh. 12 - Revenue per professional staff The accounting firm...Ch. 12 - Revenue per employee Superior Cleaning Services,...Ch. 12 - Prob. 12.1APRCh. 12 - Prob. 12.2APRCh. 12 - Prob. 12.3APRCh. 12 - Prob. 12.4APRCh. 12 - Prob. 12.5APRCh. 12 - Prob. 12.6APRCh. 12 - Prob. 12.1BPRCh. 12 - Prob. 12.2BPRCh. 12 - Prob. 12.3BPRCh. 12 - Prob. 12.4BPRCh. 12 - Prob. 12.5BPRCh. 12 - Statement of partnership liquidation On August 3,...Ch. 12 - Prob. 12.1CPCh. 12 - Prob. 12.3CPCh. 12 - Prob. 12.4CP
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