amount of labor that will be charged to factory overhead is
Q: Cavy Company estimates that the factory overhead for the following year will be $1,229,600. The…
A: The overhead rate is calculated as estimated overhead cost divided by estimated base activity units.…
Q: The portion of the weekly payroll that should be charged to factory overhead is?
A: Piece rate incentive system is a system where the worker is paid based on the units he/she produced.…
Q: In Permai Desa Sdn. Bhd., direct workers are paid RM10 per hour. In week 14, the direct workers…
A: SOLUTION- CALCULATION OF TOTAL LABOUR COST- =12 HOUR * $10 * 1.25 + 8 HOUR *$10 = $150 + $80 =$230…
Q: Irish Corp provides for an incentive scheme for its factory workers which features a combined…
A: Minimum guarantee wage is the amount that should be paid to the laborers irrespective of the number…
Q: A machine operator is paid GH¢10.20 per hour and has a normal working week of 35 hours. Overtime is…
A: The wages are paid as basic rate for normal working hours and further overtime is paid with extra…
Q: Winston Company estimates that the factory overhead for the following year will be $1,233,800. The…
A: Predetermined overhead rate=Estimated overheadMachine hours=$1,233,80039,800=$31
Q: Winston Company estimates that the factory overhead for the following year will be $675,400. The…
A: A journal entry is a form of accounting entry that is used to report a business transaction in a…
Q: a. Determine the total factory overhead amount applied. Round to the nearest dollar. $fill in the…
A: It is said to be the favourable effect, when the overheads applied exceeds the actual overheads…
Q: The Norman Company recently adopted an incentive plan. Factory workers are paid P7.50 per unit with…
A: As there is minimum guaranteed wages of 2000 , an employee will get 2000 even if payment based on…
Q: Lucas Company employs 10 factory workers with wage rate of Php50 per hour under the 40-hour week…
A: Basic pay is php 50 per hour Overtime pay is 125℅ of basic pay = php 50 *125℅ =php 62.5 So overtime…
Q: A worker takes 13 hours to complete a work on daily wages and 8 hours on a scheme of þayment by…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: .Giver Enterprises operates its factory on a two shift basis and pays a late shift differential of…
A: solution given Regular wage rate P 18 per hour Late shift rate =18+15% =20.7…
Q: Winston Company estimates that the factory overhead for the following year will be $675,400. The…
A: Journal entry is the process of documenting commercial transactions for the first time in the books…
Q: During the first week in April, Courtney Nelson worked 46 hours and produced 1,450 units under a…
A: Overtime earnings means earnings at the time worked in addition to the normal working hours.…
Q: Whartside Mahutacturing estimates that its office employees will earn $56,000 next year and its…
A: Estimated premiums is a kind of worker's compensation insurance which depends on the various…
Q: Jomari Corporation's factory workers Incentive scheme which features a combined piece rate P11.25…
A: To Calculate the weekly payroll that should be charged to factory overhead, first, we have to…
Q: Needles Manufacturing pays its direct labor employees $20 per hour. During the current period, 500…
A: Journal is the primary book where transactions are originally recorded. Further, a journal entry is…
Q: WYENNE Corporation uses a predetermined overhead application rate of P.30 per direct labor hour.…
A: Overheads are the indirect costs and expenses related to production and manufacturing of goods.…
Q: Ronald Factory provides for an incentive scheme for its factory workers which features a combined…
A: Employee Units produced Piece rate Total wages R 67 11.25 753.75 O 78 11.25 877.5 L 80 11.25…
Q: 14.A rush order was accepted by Marlieze Company for washing machines ordered by Niña Appliances.…
A: Gross Payroll is the payroll which includes both the normal pay as well as the pay for the overtime.…
Q: X Company pays time and a half for hours in excess of 40 hours per week. If an individual is paid…
A: Direct labor includes regular payment of labor and also overtime payment.The over time rate are…
Q: Compute the following amounts.
A: a. Compute The piecework earnings. The piecework earnings = 1,248 units * $0.36 The piecework…
Q: harp Enterprises operates its factory on a two-shift basis and pays a later shift differential of 15…
A: Note: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts…
Q: Winston Company estimates that the factory overhead for the following year will be $1,225,600. The…
A: 1 ) Calculation of Total factory overhead amount applied: Total factory overhead amount applied…
Q: Winston Company estimates that the factory overhead for the following year will be $967,500. The…
A: Predetermined overhead rate = Estimated factory overhead/ Estimated factory overhead
Q: Last week, 1,215 hours are worked in the factory of X Corp. 55 of these hours are overtime which is…
A: Solution: Amount debit to WIP = Amount of direct labor cost = (Total hours - Idle hours) * regular…
Q: A company absorbs factory overheads at a rate of N$25.00 per direct labour hour. At the beginning of…
A: Direct labor: Direct labor includes workers engaged in making the product whose physical effort…
Q: To improve productivity, ST. MICHAEL Corp. instituted a bonus plan where employees are paid 75% of…
A: Since you have asked multiple questions, we will solve the first question for you. If you want a…
Q: Dunkin Donuts operates in two shifts, paying a late-shift premium of 10 percent and an overtime…
A: Overtime premium: It is the wages paid over and above the normal wages to the workers in the form of…
Q: Western Industries pays employees on a weekly basis on Tuesday for the week ended the previous…
A: Definition: Payroll tax: The costs incurred by an employer to pay the employee for his labor,…
Q: Potts, Inc., recently converted from a 5-day, 40-hour workweek to a 4-day, 40-hour workweek, with…
A: Time card refers to source document which is used to create a record of the number of hours worked…
Q: A machine operator is paid GH¢10.20 per hour and has a normal working week of 35 hours. Overtime is…
A: Overtime premium means where extra amount is given for working in overtime period.
Q: 1 HTB Sdn Bhd is a manufacturing company that uses a time rate method to pay its workers. The basic…
A: Solution Given: Basic hourly rate RM 5.50 Overtime rate (time and a half) 5.5 * 1.5…
Q: Jomari Corporation's factory workers Incentive scheme which features a combined piece rate P11.25…
A: The amount of minimum wage minus amount of salary according to piece rate will be debited to factory…
Q: Kyle Forman worked 47 hours during the week for Erickson Company at two different jobs. His pay rate…
A: Total hours worked = 47 Pay rate for first 40 hours = $14.00 Pay rate for next 7 hours = $11.80
Q: Lakeshore Company allocates overhead using direct labour-hours. For 2020, the estimated and actual…
A: Manufacturing Overhead Control T-account is debited fro Actual Overheads incurred and Credited for…
Q: Ronald Factory provides for an incentive scheme for its factory workers which features a combined…
A: Piece rate incentive system is a system where the worker is paid based on the units he/she produced.…
Q: A worker in a certain company has a daily rate of Php 547, he needs to finish the tasks for 18 days,…
A: Direct labor cost is a part of wages that could be directly assigned or identified to the product…
Q: The company ABC S.A. employs three employees (A, B, C). The daily working time is 8 hours, while the…
A: It is modified form of the Halsey System. The workers get wages at an hourly rate for the actual…
Q: Cavy Company estimates that the factory overhead for the following year will be $2,034,500. The…
A: Predetermined overhead rate = $2,034,50031,300 hours = $65 per hour Applied overhead = 2,830 hours…
Q: Four factory workers and a supervisor make a team in the Machining Department. The supervisor earns…
A: The Manufacturing Overhead Control account records all the costs that are incurred in the production…
Q: What is the amount to be charged to Manufacturing Overhead Control account? Four factory workers…
A: SOLUTION- MANUFACTURING OVERHEAD IS ALL INDIRECT COSTS INCURRED DURING THE PRODUCTION PROCESS. THIS…
Q: XYZ Corporation uses a predetermined overhead application rate of P.30 per direct labor hour. During…
A: Solution: Actual direct labor hours = Overhead applied / predetermined overhead application rate
Q: 10. REGINE COMPANY operates its factory on a two-shift basis and pays late-shift differential of…
A: Direct labor is the amount of wages paid to the workers who are directly involved in the process of…
Q: This Company pays salaries twice a month and does not pay salaries in advance. Employees work five…
A: December 27 & 28 are weekend days and employees do not work on December 27 & 28. The working…
Q: Senorita Private Limited operates a piecework system of remuneration, but also guarantees its…
A: Lets understand the basics. Time rate basis means amount is needs to pay based on the time given by…
Q: Cavy Company estimates that the factory overhead for the following year will be $927,200. The…
A: Estimated factory overhead $9,27,200 Estimated machine hours 24400 hours Predetermined…
Q: . Victory Manufacturing Company produces a variety of products. The firm operates 24 hours per day…
A: Solution Given Total hours worked 16000 hours Regular hours worked (spread equally)…
13.Gibs Enterprises operates its factory on a two shift basis and pays a late shift differential of 15 percent above the regular wage rate of P18 per hour. The company also pays a premium of 50 percent for overtime work. During the year, work occurred in the following categories. The amount of labor that will be charged to factory overhead is *
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- $1900 During a two week pay period, an employee worked a total of 72 hours. If they are paid $27 for every hour worked, calculate their gross pay and round it to the nearest hundred dollars. $1940 $2000 Time Remaining:08:18:48 $2100 FLAG CONTINUEJill Foster worked 54 hours in one week for Delta Airlines. Jill earns $12 per hour. Whatis Jill’s gross pay, assuming overtime is at time-and-a-half?!233Labor Information Regular Rate $15.00/hr Overtime Rate $24.50/hr Targeted Labor Cost $12,000/wk Labor Hours Needed 800/wk Any hour worked over 40 hrs/wk must be paid overtime rate 27 67 320 1000 7840 For a 12-person team, on average, how many overtime hours will each person need to work?
- A business always absorbs its overheads on labour hours. In the 8th period 18,000 hours wereworked, actual overheads were $279,000 and there was$36,000 over-absorption. The overhead absorption rate per hour was?The accounting clerk at Tenity Enterprises is paid $10.40 per hour. During a week’s pay period, the employee worked 38 hours and 40 minutes. Based on a hundredth-hour pay method, what is the gross pay for the period? A. $402.54B. $401.81C. $402.13D. $401.75Salaries and wages payable to factory employees were $10 000 on 1 March and $4000 on 31 March. Gross salaries and wages paid during March totalled $40,000. March's direct labour totalled $18 000.Required:T-account for Accrued Payroll and general journal entries for recording salaries and wages earned by, and paid to, factory employees during March.
- Standard time ( 12 ) hour Actual time ( 12 ) hour Rate per hour ( 7500 )D Assuming ( 20 )worker R. : Calculate the total wagesBarbara Ripa receives 695 for a regular 40-hour week and time and one-half for overtime. For a workweek of 45 hours, compute: a. The regular earnings________ b. The overtime earnings________ c. The total earnings________Calculate an employees total earnings if the company pays time-and-a-half when Jill Smith works 41 hours at 15 per hour. a. 600.00 b. 615.00 c. 622.50 d. 635.00 e. None of the above
- Casey Collins average workweek during the first quarter of the year (13 weeks) was 43 hours. As part of his companys perfect attendance program, he earned a bonus of 975. Determine the extra overtime pay due Collins for the first quarter. Extra overtime pay ..................................... _______A company has the following transactions during the week. Purchase of $1,000 raw materials inventory Assignment of $500 of raw materials inventory to Job 5 Payroll for 20 hours with $1,000 assigned to Job 5 Factory utility bills of $750 Overhead applied at the rate of $10 per hour What is the cost assigned to Job 5 at the end of the week?Dunkin Donuts operates in two shifts, paying a late-shift premium of 10 percent and an overtime premium of 75 percent. The May 2020 payroll follows: Total wages for 3,000 hours ₱24,000 Normal hourly employee wage 8 Total regular hours worked, split evenly between the shifts 2,500 All overtime was worked by the early shift during May. Shift and overtime premiums are considered part of overhead rather than direct labor. a. How many overtime hours were worked in May? b. How much of the total labor cost should be charged to direct labor? To overhead? c. What amount of overhead was for second-shift premiums? For overtime premiums?