Bloy Corp.’s payroll for the pay period ended October 31, year 1, is summarized as follows: Department Payroll Total Wages Federal Income Tax Withheld Amount of Wages Subject to Payroll Taxes FICA Unemployment Factory $60,000 $7,000 $56,000 $18,000 Sales 22,000 3,000 16,000 2,000 Office 18,000 2,000 8,000 — $100,000 $ 12,000 $ 80,000 $ 20,000 Assume the following payroll tax rates: FICA for employer and employee 7% each Unemployment 3% What amount should Bloy accrue as its share of payroll taxes in its October 31, year 1 balance sheet?

Joint cost cheyenne, inc. produces three products from a common input. the joint costs for a typical quarter follow: direct materials $45,000 direct labor 55,000 overhead 60,000 the revenues from each product are as follows: product a $75,000 product b 80,000 product c 30,000 management is considering processing product a beyond the split-off point, which would increase the sales value of product a to $116,000. however, to process product a further means that the company must rent some special equipment costing $17,500 per quarter. additional materials and labor also needed would cost $12,650 per quarter. a. what is the gross profit currently being earned by the three products for one quarter? $answer b. what is the effect on quarterly profits if the company decides to process product a further? $answer