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Required information [The following information applies to the questions displayed below.] Black Sheep Printing has 42 employees distributed among the following departments: Sales: 12 Factory:
Required information [The following information applies to the questions displayed below.] Black Sheep Printing has 42 employees distributed among the following departments: Sales: 12 Factory: 18 Administration: 12 The total annual payroll for Black Sheep Printing is $1,554,000. Required: Compute the labor distribution based on the number of employees per department: Sales Factory Administration Small Orange Fine Foods is a specialty grocery store. The employees are classified according to job titles for workers' compensation insurance premium computation purposes. Required: a. Based on the payroll estimates as of January 1, what is the total estimated workers' compensation premium for 20XX? b. The actual payroll for 20XX is listed below. What is the workers' compensation premium based on the actual payroll? c. What is the difference between the actual and the estimated premiums? (For all requirements, do not round intermediate calculations. Round your final answers to 2 decimal places.) Estimated Payroll for 20XX Workers' Compensation Premium Employee Classification a. Grocery Clerk Shelf Stocker Stock Handler Total Premium Rate per $100 of Payroll $ 1.20 $ 2.05 $ 2.50 $ $ 185,000 222,640 253,120 $ $ 0.00 Workers' Compensation Premium Employee Classification b. Grocery Clerk Shelf Stocker Stock Handler Total Premium Rate per $100 of Payroll $ 1.20 $ 2.05 Actual payroll for 20XX $ 189,268 $ 226,150 258,87 $ 2.5 $ 0.00 Difference between actual and estimated premiums
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