This week you learned the importance of adjusting entries. In this week's class discussion you will converse with your classmates on questions dealing with adjusting entries. Please discuss the following questions.
Freisleven Corporation has undertaken a cost study of its operations. One area of concern to the company is the total cost of labor, particularly the cost of employee benefits. Prepare a list of the different kinds of costs that a company might incur as part of its “total package” salary cost.