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Employees earn vacation pay at the rate of one day per month. During the month of July, 25 employees qualify for one vacation day each. Their average daily wage is $100 per day. What is the amount of vacation benefit expense to be recorded for the month of July? g

Respuesta :

Answer:

$ 2500

Explanation:

Data provided:

Rate at which the employees earn vacation pay =  one day per month

The number of employees qualifying for one vacation day = 25 employees

The average daily pay of the employees = $ 100 per day

Now,

the amount of vacation benefit expense to be recorded for the month of July is calculated as

= number of employees qualifying × average daily pay of the employees

on substituting the values, we get

= 25 × $ 100

or

= $ 2500

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