Employees of a company work 160 hours each during March. There are 10 employees and half of them earn $50 per hour and the other half earns $48 per hour. On March 31, all 10 employees are paid $7,500 each for March. How much in wages should be accrued at the end of March for quarterly reporting purposes?

Multiple Choice

• None of the other alternatives are correct
• $3,400
• An accrual is not required because all employees were paid in March
• $78,400
• $75,000