Company X uses a special part in the manufactururing of its main product. The cost of producing 45,000 of these special parts is $142,000, which includes total variable costs of $72,000 and total fixed costs of $70,000. If Company X outsources the part to Company Y, Company X can avoid 30% of the fixed costs. If Company X outsources the part, what is the most Company X can pay Company Y per part so that operating income equals the operating income from making the part

On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.