5. Mapi sews pants. She is paid on aper-piece basis based on a graduatedschedule as shown below. For thecurrent week, she was able to finish 50pants. Find her gross earnings. First 5pants- P15/pants; Next 5 pants- P18/pants; Next 5 pants P20/pants; Above15 pants- P25/pants.

Gross earnings refer to the total sum of money earned by an individual in a desired period of time.

Answered: ce basis based on a e as shown below. F

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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2. Isadore Mitchell. Clothing salesperson. Minimum weekly salary is $250. Rate of commission is 6%. Weekly sales are $2480. What is the commission? What is the gross pây?
a seamstress earns $9.55 for every pants made. how many pants would have to be made to earn $625 a week
Aziza is one of the skilled employees in kids toys factory. The below table shows the quantity of toys she produced each day of the week: Day SaturdaySundayMondayTuesdayWednesdayThursday Quantity produced 20 22 25 20 23 19 Note: Friday is the weekly holiday. If Aziza receives OMR 12 for each toy, what will be her gross pay? a. OMR 1,458 b. OMR 1,500 c. OMR 1,584 d. OMR 1,548
7. Willis Vogal sells for Harvey's King-Size Clothes. He is guaranteed $3.20 per hour or 2.5% of his total sales, whichever is greater. During a biweekly pay period, he worked 79 hours and had sales totaling $6954. a. Find his total hourly earnings and his commission. b. What was his gross pay?
1) Calculate Mary’s earnings for 31 October 2023 using the straight piecework wage incentive scheme. Information Mary is employed by Menton Manufacturers to sew dresses. The standard time to sew one dress is 40 minutes. She is paid R120 per hour and the normal working time is 8 hours per day. If she sews more than her quota, she receives 1.5 times the hourly rate on the additional output. On 31 October 2023 she sewed 18 dresses. _________________________________________________________________________________ 2) Calculate the net salary of H. Gordon for December. H. Gordon’s basic annual salary is R240 000. He receives an annual bonus of 80% of his basic monthly salary, payable in December each year. His pension deduction is 8% of the basic salary and income tax is levied at 20% on his taxable income. _________________________________________________________________________________ 3) Calculate the economic order quantity for the year. Suntan Limited produces a product which has a…
Kendra and Mikala, owners of Nue Rhythm Clothing, paid $40 a pair for jeans. On September 15, Kendra marked up the jeans 135% based on the cost. On November 24, she marked the jeans down 50% for a Black Friday sale. The jeans were marked down an additional 35% for final clearance. What was the final selling price of the jeans?
During May, Jimmy spent $700 to buy 20 products and sold 4 of them for $60 each. Jimmy should record as an expense for May. A. $1,200 B. $240 C. $700 D. $140
Eng Tat is a manufacturer. His trial balance as at 31 December 2020 is as follows: Particulars DebitRM CreditRMDelivery van expenses 1,760Lighting and heating:FactoryOffice 7,2201,490Manufacturing wages 72,100General expenses:FactoryOffice 8,1001,940Sales representatives : Commission 11,688Purchase of raw materials 57,210Rent:FactoryOffice 6,1002,700Machinery (Cost : RM40,000) 28,600Office equipment ( RM9,000) 8,200Office salaries 17,740Accounts receivables 34,200Account payables 9,400Bank 16,142Sales 194,800Van (cost RM6,800) 6,200Inventory at 31 December 2020:Raw materialsFinished goods 13,26041,300Drawings 24,200Capital 155,950TOTAL 360,150 360,150 Prepared by: Puan Siti Nor Junita Mohd Radzi Additional information:i. Inventory at 31 December 2020:a. Raw materials RM14,510b. Finished goods RM44,490ii. Depreciate machinery RM3,000; office equipment RM6,000; van RM1,200iii. Manufacturing wages due but unpaid at 31 December 2020 RM550; office rentprepaid RM140 Required: c) Prepare…
1. Alva Nunez is a punch press operator for Drummond Machine Company. She earns $1.10 for every molding she presses. What is her total pay for a week in which she presses 310 moldings? 2. Lei Kurokideliv R e News. vers a week
3. During the spring, Nina Milling assembles bicycles at The Wheeler Dealer. She is paid $12.00 for each bicycle assembled during a regular work week, $14.00 for each bicycle assembled on a Saturday, and $16.00 for each bicycle assembled on a Sunday. What is her total pay for a week in which she assembled the following number of bicycles? Mon. Tues. Wed. Thurs. Fri. Sat, Sun, 4 10 8. 4.
Lela makes boots for Belleville Factory. she is paid on the following differential pay scale: 1-50 = $1.65 51-150= $3.30 151-200= $4.95 over 200 = $6.00 What is Lela's pay if she produced 192 boots per week on the following pay scale?
3. Joan MacMallin sells shoes at the Foot Factory. She is guaranteed $3.25 an hour or 3.25% of her total sales, whichever is greater. During a week in which she worked 52 hours, she sold $5950 worth of shoes. a. Find her total hourly wages and her çommission for the week. b. What was her gross pay?

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