Documents about Fringe Benefits

  • 1 Pages

    Study Guide (compensating the sales force.doc; ...

    Virginia Tech, MKTG 4554

    Excerpt: ... Study Guide Compensating the Real Estate Sales Force (lecture) Why is compensation important in real estate organizations? Briefly describe compensation components used in the real estate industry. How do real estate managers make decisions concerning pay, commission, expenses, incentives and bonus plans, and fringe benefits ? How do real estate managers validate the compensation process? ...

  • 2 Pages

    L23_Pricing_Worksheet

    Georgia Tech, ECE 4001

    Excerpt: ... Example of Cost and Price Calculations Fringe Benefits Overhead Sales Expense 0% of labor 0% of materials, labor & fringe 0% of selling price Development Cost What it costs the company to develop the product Parts Labor Fringe Benefits , % of Labor Subtotal Overhead, % of Matl, Labor & Fringe Total 0 0 0 0 0 $0 Determination of Selling Price What the customer pays the company for the finished product Based on: Parts Cost Assembly Labor Testing Labor Total Labor Fringe Benefits , % of Labor Subtotal Overhead, % of Matl, Labor & Fringe Subtotal, Input Costs Sales Expense Amortized Development Costs Subtotal, All Costs Profit Selling Price 1 units 0 0 0 0 0 0 0 0 0 0 0 0 $0 Note: Enter your data into the bold, italized cells Example of Cost and Price Calculations Fringe Benefits Overhead Sales Expense 30% of labor 120% of materials, labor & fringe 10% of selling price Development Cost What it costs the company to develop the product Parts Labor Fringe Benefits , % of Labor Subtotal Overhead, % of Matl, Labor ...

  • 4 Pages

    Demonstration Problem 12

    Virginia Tech, ACIS 2004

    Excerpt: ... quirement b allocation method instead of allocating overhead equally. Assume that the $84,000 of total overhead cost consists of $63,000 of indirect materials and $21,000 of fringe benefits . Decide what you believe is the most rational allocation scheme and use that scheme to allocate the overhead cost to the three houses. c. WORK PAPERS FOR DEMONSTRATION PROBLEM Demonstration Problem 12-1 Work Papers a. _ _ = _ overhead cost per house. b. Total direct costs are as follows: House 1 House 2 Direct Materials $140,000 $ 70,000 Direct Labor 210,000 130,000 Total Direct Cost House 3 $90,000 60,000 Total $300,000 400,000 Step 1. Determine the allocation rate: Cost to be Allocated = Allocation Base = Allocation Rate _ per direct cost dollar Step 2. Determine the amount to be allocated by multiplying the allocation rate by the weight of the base. House Allocation x Weight of Base = Allocated Cost Rate 1 x = 2 x = 3 x = Total Demonstration Problem 12-1 ...

  • 2 Pages

    keyterms- chap 11

    SUNY Stony Brook, BUS 115

    Excerpt: ... Mei Chen Section 01 Chapter 11: Human Resource Management: Finding and keeping the Best Employees 3/10/08 Affirmative action- employment activites designed to "right past wrongs" by increasing opportunities for minorities and women Apprentice programs- training programs involving a period during which a learner works alongside an experienced employee to master the skills and procdures of a craft Cafeteria-style fringe benefits fringe benefits plan that allows employees to choose the benefits they want up to a certain dollar amount Compressed workweek- work schedule that allows an employee to work a full number of hours per week but in fewer days Contingent workers workers who do not have the expectation of regular, full-time employment Core time- in a flextime plan, the period when all employees are expected to be at their job stations Employee orientation the activity that introduces new employees to the organization; to fellow employees; to their immediate supervisors; and to the policies, practices a ...

  • 1 Pages

    SOC 220 History of Social Problems

    Purdue, SOC 220

    Excerpt: ... 2008_01_23 The Natural History of Social Problems Wednesday, January 23, 2008 1:31 PM 1. 2. 3. 4. 5. 6. True or False: Income is distributed more unequally than wealth - FALSE Consumption distributed more equally than income US has 8:1 ratio of top ...

  • 1 Pages

    September 12

    Purdue, OLS 274

    Excerpt: ... EXAM 1 NEXT TUESDAY IN CLASS 10%. TURN IN STUDY GUIDES AND T/F QUESTIONS CH.1-3,5,6. FROM LEARNING GUIDE. BRING STUDENT ID September 06 Forms of business ownership: What does the government view your business as? It deals with the legalities of a business Sole Proprietorship Advantages - Easy to start and end - Be your own boss - Pride of ownership - Retain profit - No separate taxes Sole Proprietorship Disadvantages - Unlimited liability - Limited financial resources - Management difficulties - Time commitment - Few fringe benefits - Limited growth - Limited life span Partnership: A business owned by two or more people under a written agreement. - No need for a written agreement, legally. Only morally right. - Advantages o More resources o Shared management & pooled knowledge o Longer survival o No separate taxes, but are tax forms to file - Disadvantages o Unlimited Liability o Profits are divided o Disagreements between partners o More difficult to dissolve - General partnerships o Need not have same inter ...