The following monthly data are taken from ramirez company at july 31: sales salaries, $200,000; office salaries, $160,000; federal income taxes withheld,$90,000; state income taxes withheld, $20,000; social security taxes withheld,$22,320; medicare taxes withheld, $5,220; medical insurance premiums, $ 7,000; life insurance premiums, $4,000; union dues deducted, $1,000; and salaries subject to unemployment taxes, $50,000. the employee pays 40% of medical and life insurance premiums. prepare journal entries to record:
(1) accrued payroll, including employee deductions, for july ;
(2) cash payment of the net payroll (salaries payable) for july;
(3) accrued employer payroll taxes, and other related employment expenses, for july- assume that fica taxes are identical to those on employees and that suta taxes are 5.4% and futa taxes are 0.6%; and
(4) cash payment of all liabilities related to the july payroll.

The chromosome manufacturing company produces two products, x and y. the company president, jean mutation, is concerned about the fierce competition in the market for product x. she notes that competitors are selling x for a price well below chromosome's price of $13.50. at the same time, she notes that competitors are pricing product y almost twice as high as chromosome's price of $12.50.ms. mutation has obtained the following data for a recent time period: product x product y number of units 11,000 3,000 direct materials cost per unit $3.23 $3.09 direct labor cost per unit $2.22 $2.10 direct labor hours 10,000 3,500 machine hours 2,100 1,800 inspection hours 80 100 purchase orders 10 30ms. mutation has learned that overhead costs are assigned to products on the basis of direct labor hours. the overhead costs for this time period consisted of the following items: overhead cost item amount inspection costs $16,200 purchasing costs 8,000 machine costs 49,000 total $73,200using direct labor hours to allocate overhead costs determine the gross margin per unit for product x. choose the best answer from the list below.a. $1.93b. $3.12c. $7.38d. $2.43e. $1.73using activity-based costing for overhead allocation, determine the gross margin per unit for product y. choose best answer from list below.a. $10.07b. ($2.27)c. ($5.23)d. ($7.02)e. $7.02

What are consequences of rapid inflation? (select all that apply.) savings accounts become less desirable because interest earned is lower than inflation individual purchasing power increases, which results in an increase in demand. individual purchasing power decreases, which results in a decrease in demand. people postpone purchasing expensive items, such as homes, until prices drop.

Heyak believed that the economy could be hard to measure because