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The auditors of TQ, Inc. obtained the following selected account information. Selected Information Sales revenue Hourly wage expense Office salary expense Bonus expense Payroll tax
The auditors of TQ, Inc. obtained the following selected account information. Selected Information Sales revenue Hourly wage expense Office salary expense Bonus expense Payroll tax expense - hourly Payroll tax expense - office 401 (k) match expense Health insurance expense Short-term disability expense Year 2 Year 1 $63,000,000 $12,340,000 $5,092,500 $1,315,000 $1,114,200 $458,000 $410,000 $377,500 $340,000 $60,000,000 $12,000,000 $4,850,000 $1,250,000 $1,080,000 $436,500 $407,000 $265,000 $350,000 Additionally, the auditors noted the following information: . Year 1 unit sales of Product Alpha: 25,000 . Year 1 unit sales of Product Beta: 45,000 Unit sales increased in year 2 by 10% and 6% for Product Alpha and Product Beta, respectively
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