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Question
Athena Company's salaried employees earn two weeks of vacation per year. It pays $858,000 in total employee salaries for 52 weeks but its employees work only 50. Record Athena Company's weekly journal entry to record the vacation expense:A.Debit Vacation Benefits Expense $16,500; credit Vacation Benefits Payable $16,500.
B.Debit Vacation Benefits Expense $17,160; credit Vacation Benefits Payable $17,160.
C.Debit Vacation Benefits Expense $17,875; credit Vacation Benefits Payable $17,875.
D.Debit Vacation Benefits Payable $17,160; credit Vacation Benefits Expense $17,160.
E.Debit Vacation Benefits Payable $16,500; credit Vacation Benefits Expense $16,500.
Answer
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Direct labor X X
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Variable manufacturing overhead
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Direct materials
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Match the following
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Total fixed overhead $85,000
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Q:
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Given the Cool Pools Company data, what is net income using absorption costing?
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