Fulton Company has the following data available:
Wage Expense, For the Year Ending December $ 31,2 \times 13 $$ \quad $$ \quad $$ \$ 95 $
Wage Expense, For the Year Ending December $ 31,2 \times 12 $$ \quad $$ \quad $$ \$ 90 $
What is the percentage increase or (decrease)in wage expense from 2X12 to 2X13 for Fulton Company?
A)5)3%
B)(5.3)%
C)2)6%
D)(5.6)%
E)5)6%

Question

Fulton Company has the following data available: 
Wage Expense, For the Year Ending December $ 31,2 \times 13 $$ \quad $$ \quad $$ \$ 95 $
Wage Expense, For the Year Ending December $ 31,2 \times 12 $$ \quad $$ \quad $$ \$ 90 $ 
What is the percentage increase or (decrease)in wage expense from 2X12 to 2X13 for Fulton Company?
A)5)3%
B)(5.3)%
C)2)6%
D)(5.6)%
E)5)6%

Quizplus · Accepted Answer

The wage expense increased from $90 in 2X12 to $95 in 2X13. The increase is $5 on a base of $90, so the percentage increase is $\frac{5}{90} \times 100 = 5.56\%$, which rounds to 5.6%.

Fulton Company Has the Following Data Available: Wage Expense 31,2×13 31,2 \times 13 31,2×13

Fulton Company Has the Following Data Available:
Wage Expense $31,2 \times 13$