Matt Broderick Company began operations on January 2, 2013. It employs10individuals who work 8-hour days and are paid hourly. Each employee earns11paid vacation days and6paid sick days annually. Vacation days may be taken after January 15 of the year following the year in which they are earned. Sick days may be taken as soon as they are earned; unused sick days accumulate. Additional information is as follows.

Actual Hourly Wage Rate	Vacation Days Used by Each Employee	Sick Days Used by Each Employee
2013	2014	2013	2014	2013	2014
$13	$15	0	10	4	5

Matt Broderick Company has chosen not to accrue paid sick leave until used, and has chosen to accrue vacation time at expected future rates of pay without discounting. The company used the following projected rates to accrue vacation time.

Year in Which Vacation Time Was Earned	Projected Future Pay Rates Used to Accrue Vacation Pay
2013	$14
2014	15