Peggy lane corp. a producer of machine tools, wants to move to a larger site. two alternative locations have been identified: bonham and mckinney. bonham would have fixed costs of _$820, per year and variable costs of __$15, per standard unit produced. mckinney would have annual fixed costs of 920, and variable costs of __13, per standard unit. the finished items sell for _28, each

a) the volume of output at which both the locations have the same profit= standard units (round to nearest whole number)

d) the breakeven point for bonham is units

the breakeven point for mckinney is units

Grace period is a period of time before the credit card company starts charging late fees. truefalse

Warren company plans to depreciate a new building using the double declining-balance depreciation method. the building cost $870,000. the estimated residual value of the building is $57,000 and it has an expected useful life of 20 years. assuming the first year's depreciation expense was recorded properly, what would be the amount of depreciation expense for the second year?

Alamar petroleum company offers its employees the option of contributing retirement funds up to 5% of their wages or salaries, with the contribution being matched by alamar. the company also pays 80% of medical and life insurance premiums. deductions relating to these plans and other payroll information for the first biweekly payroll period of february are listed as follows: wages and salaries $ 2,800,000 employee contribution to voluntary retirement plan 92,000 medical insurance premiums 50,000 life insurance premiums 9,800 federal income taxes to be withheld 480,000 local income taxes to be withheld 61,000 payroll taxes: federal unemployment tax rate 0.60 % state unemployment tax rate (after futa deduction) 5.40 % social security tax rate 6.20 % medicare tax rate 1.45 % required: prepare the appropriate journal entries to record salaries and wages expense and payroll tax expense for the biweekly pay period. assume that no employee's cumulative wages exceed the relevant wage bases for social security, and that all employees' cumulative wages do exceed the relevant unemployment wage bases.