The following data are taken from madison distribution company’s march payroll:

administrative salaries $34,000
sales salaries 58,000
custodial salaries 8,000
total payroll $100,000

salaries subject to 1.45 percent medicare tax $100,000
salaries subject to 6.2 percent social security tax 100,000
salaries subject to federal unemployment taxes 66,000
salaries subject to state unemployment taxes 76,000
federal income taxes withheld from all salaries 18,600

assume that the company is subject to a 5.2 percent state unemployment tax and an 0.6 percent federal unemployment tax. required record the following in general journal form on march 31:
a) accrual of the monthly payroll.
b) payment of the net payroll.
c) accrual of the employer’s payroll taxes. (assume that the fica tax matches the amount withheld.)
d) payment of these payroll-related liabilities. (assume that all are settled at the same time.)

round your answers to the nearest dollar.

Walsh company manufactures and sells one product. the following information pertains to each of the company’s first two years of operations: variable costs per unit: manufacturing: direct materials $ 25 direct labor $ 12 variable manufacturing overhead $ 5 variable selling and administrative $ 4 fixed costs per year: fixed manufacturing overhead $ 400,000 fixed selling and administrative expenses $ 60,000 during its first year of operations, walsh produced 50,000 units and sold 40,000 units. during its second year of operations, it produced 40,000 units and sold 50,000 units. the selling price of the company’s product is $83 per unit. required: 1. assume the company uses variable costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 2. assume the company uses absorption costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 3. reconcile the difference between variable costing and absorption costing net operating income in year 1.

Skychefs, inc. prepares in-flight meals for a number of major airlines. one of the company's products is grilled salmon in dill sauce with baby new potatoes and spring vegetables. during the most recent week, the company prepared 4000 of these meals using 960 direct labor hours. the company paid these direct labor workers a total of $19,200 for this work, or $20.00 per hour. according to standard cost card for this meal, it should require 0.25 direct labour-hours at a cost of $19.75 per hour.1. what is the standard labor-hours allowed (sh) to prepare 4,000 meals? 2. what is the standard labor cost allowed (sh x sr) to prepare 4,000 meals? 3. what is the labor spending variance? 4. what is the labor rate variance and the labor efficiency variance?

Sunset foods relies on a highly centralized functional structure to ensure consistency in the quality and taste of its products and to drive down costs via process innovations. however, as a consequence of its highly compartmentalized structure, the firm has found it difficult to transfer information and ideas from one department to the next. with the launch of its new line of breakfast foods coming up, how can sunset improve its ability to collaborate without sacrificing the benefits of its current structure