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Unformatted text preview: CMAI W07 Accounting for Labour Costs 1. Distinguish between the different treatment of direct and indirect labour costs. Direct labour charge to ____________________________ Indirect Labour charge to ___________________________ Employer share of employee benefits, payroll taxes etc. are charged to ____________________________ Selling & Administration salaries are charged to __________________ or ________________________. Selling & Administration benefits are charge to _______________________________________. 2. Various payroll taxes and fringe benefits are paid in whole or part by the employer. Deduction Employee Rate Employer Rate Employment Insurance (EI) Canada Pension Plan (CPP) Employer Health Tax (EHT) Company Pension Plan Vacation Pay Supplementary Health Benefits 3. Accrued Payroll Account Used to record and clear the _________________________ Typically has a...
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This note was uploaded on 03/03/2012 for the course ACCT 2460 taught by Professor Farrar during the Winter '12 term at Conestoga.
- Winter '12