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A contractor provides employees with 12 days of vacation leave per year. The employees may carry over their vacation leave up to a maximum of
A contractor provides employees with 12 days of vacation leave per year. The employees may carry over their vacation leave up to a maximum of 20 days. Historically, employees have lost 5% of their vacation leave. During 2020, employees earn $120,000 in vacation leave. In accordance with Cost Accounting Standard (CAS) 408, what should the compensated personal absence cost for vacation be during 2020?
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Government and Not for Profit Accounting Concepts and Practices
Authors: Michael Granof, Saleha Khumawala, Thad Calabrese, Daniel Smith
7th edition
1118983270, 978-1119175025, 111917502X, 978-1119175001, 978-1118983270
