calculate Samantha’s remuneration for 17 March 2022.
Q: Dudley Transport Company divides its operations into four divisions. A recent income statement for…
A: Note: While taking the decision for the elimination of a particular division, profit and loss for…
Q: Required: 1. Prepare a schedule that discloses the firm's total cash collections for January through…
A: Cash collection Budget :- The schedule of expected cash collections is a component of the master…
Q: Compute the total capital stock and depreciation for the remainder of the five-year period. Round…
A: Computation of Depreciation for each year :- Capital of machine as on the Beggining of the…
Q: Malikhain Company Adjusted Trial Balance (In 000's) December 31, 2019 Cash on hand Accounts…
A: Ratio analysis helps to analyze the financial statements of the company. The management can take…
Q: Belle Company reports the following information for the current year. All beginning inventory…
A: Introduction: Absorption costing is a method of calculating inventory costs. It includes variable…
Q: Sarasota Corp. reported net sales $ 600,000, cost of goods sold $ 336,000, operating expenses $…
A: The income statement is prepared to record the revenues and expenses of the current period. The net…
Q: Partners ABC, DEF, GHI and JKL initially invested P45,000; P60,000; P65,000 and P85,000 each to form…
A: Share of net income is the total of interest on capital, salaries , bonus etc. paid to the partners.…
Q: he partner equity balances are Jack, Capital 30000,Current 9000; Bob, Capital 35000, Current 12000;…
A: Capital balance of partner is the amount of money that the partners have invested in the partnership…
Q: Bengal Co. provides the following unit sales forecast for the next three months: Sales units July…
A: The production budget is required to identify the units to be produced for the expected sales. It…
Q: The following transactions and adjusting entries were completed by a paper-packaging company called…
A: Date General Journal Debit Credit 2020 Building-Storage $ 98,000 Jan. 02 Cash $ 98,000…
Q: B, C D are partners in a firm. Their Balance Sheet as on 31/12/2021 is as follows: Liabilities…
A: Calculation of amount payable to the legal representative of C :- Particulars Amount C's…
Q: Which of the following costs would be included on an income statement for both a merchandising…
A: Merchandising concern - This entity deals with buying and selling inventory from the supplier to the…
Q: Additional Information: 1. Closing inventory on 31 December 2020 was RM150,000. 2. Second half…
A: A statement of comprehensive income is a financial statement that shows the net income along with…
Q: If JoBlo Inc., has a retained earnings opening balance of $50,000 at the beginning of the year, and…
A: Stockholders' equity: Stockholders' equity means the net assets available to shareholders after…
Q: Which of the following is not considered a cost of manufacturing a product? Group of answer choices…
A: Total manufacturing cost, or simply the cost of producing the things that will be sold to customers,…
Q: Fujita, Incorporated, has no debt outstanding and a total market value of $369,600. Earnings before…
A: EPS (Earnings per share) which states how much amount of money business makes for every share as…
Q: Study the information provided below and calculate the expected value of closing inventory as at 31…
A: The cost of goods sold includes the total cost of goods that are sold during the period. Cost of…
Q: direct materials mix variance for this problem
A: The benchmark is established in advance, and actual performance is assessed in comparison to it.…
Q: Brownley Company has one service department and two operating (production) departments. Payroll…
A: Introduction: Operating costs are associated with a company's day-to-day operations and management.…
Q: ABC Corporation is experiencing difficulty in paying its bills and is considering filing for…
A: Secured creditors co. Praises of fallowing Both wages and taxes payable
Q: 35,000 invested on April 16, At what rate compounded quarterly is interest computed?
A: Under Compound Interest, interest is calculated on beginning outstanding amount for the first time.…
Q: Which of the following companies is going to have three different types of inventory reported on…
A: Inventories - Inventories are the units that are not sold and has some selling value. Company's…
Q: Entries for equity investments: less than 20% ownership On February 22, Triangle Corporation…
A: Equity investing is the purchase of shares directly from businesses or other investors with the goal…
Q: 8 9 10 11 12 13 14 Dividends payable salary expense Cash Cash Ordinary Share Capital cash Cash…
A: Answer:- Computation of net cash flow from operating activities:- Cash flow from operating…
Q: Partners ABC, DEF, GHI and JKL initially invested P45,000; P60,000; P65,000 and P85,000 each to form…
A: Net income of partnership is the amount of profits earned by the partnership firm. This is to be…
Q: "In the annual meeting of Brixton company, the Head of the accounting department of the company…
A: In Brixton Company, the current budgeting style is Zero-based budgeting wherein the management…
Q: 3. In how many months will money become three times itself at 9% compounded semiannually? Solution:
A: Answer:- Compound interest meaning:- The interest someone earn on the interest is generally known…
Q: You are required to prepare a trial balance for Alina, a sole proprietorship as at 31st December…
A: Trial Balance :— It is the list of Debit and Credit balances of All Ledger Accounts. Capital,…
Q: Required information PA9-3 (Algo) Analyzing and Recording Long-Lived Asset Transactions with…
A: The process of recording business transactions in the books of accounts for the first time is…
Q: ohnson Manufacturing company, a manufacturer of custom-made drones, uses a job order cost system to…
A: Many Thanks for the Question Bartleby's Guideline “Since you have posted a question with multiple…
Q: 1 2 3 4 5 6 Clark Logan made cash investment in his business. An office equipment was bought on…
A: Introduction: Journals: All the business transactions are to be recorded in Journals. Journals are…
Q: Presented below are balances taken from the records of Armor Corporation for 2020: 8% Preference…
A: Here provide the details of the amount of dividend which are paid to the ordinary shares after…
Q: What is the residual income if Cost of capital is 12% (in order to properly measure the performance…
A: Computation of residual income :- Profit - Return of capital Employee Return of capital Employee…
Q: Use the information provided above to prepare the following for Midas Enterprises Budgeted Statement…
A: Based on the statement of comprehensive income for the year 2021 and the statement of financial…
Q: The sum of P35,000 invested on April 16, 2009 amounts to P58,300 on July 16, 2013. At what rate…
A: Compound interest formula A = P 1 + r41004×nwhere,A = Final AmountP = Principal Amountr = Interest…
Q: Please answer asap! UPVOTE will be given! No long explanation needed. ERGO Corp. maintains the…
A: Given that 10% Preference Share Capital (20,000 shares issued and outstanding): ₱4,000,000 Hence…
Q: Corporations Question 1 M & C Corporation charter authorizes 1,000,000 shares of common stock and…
A: According to the given question, we are required to prepare the journal entries, stockholders'…
Q: Prepare a Budgeted Statement of Financial Position as at 31 December 2022 using the below…
A: For simplification, Pass journal entries roughly for ease of calculations for each adjustments given…
Q: Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…
A: Contribution margin: The difference between the sales and the variable costs is called contribution…
Q: In recording the entry to record the purchase of raw materials on account in a job order cost…
A: Job order cost accounting is being followed by many manufacturing companies.It helps to record all…
Q: Given Belle Company's data, compute cost per unit of finished goods under absorption costing.
A: The cost per unit of finished goods under absorption costing is : $38 so, the correct option is $38
Q: Sarasota Corp. reported net sales $ 600,000, cost of goods sold $ 336,000, operating expenses $…
A: Lets understand the basics. Profit margin have two types which are, (1) Gross profit margin (2) Net…
Q: A business purchased a new car at the start of October for $16,800 cash. The car has a useful life…
A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as…
Q: Your company declared $13,800 cash dividends on stock. There were $6,400 in dividends payable at the…
A: Introduction: Dividends: Dividends are shareholder funds. Dividends are given to shareholders as a…
Q: Samantha’s normal wage is R300 per hour and her normal working day is 8 hours. The standard…
A: Compensation paid to an employee can be based on either a piece wage system or a time wage system.…
Q: You have taken over the family business, making custom furniture for sale in South Africa and for…
A: The debt-equity ratio is used to measure funds taken from creditors to invest in the business in…
Q: Prepare a budgeted balance sheet at March 31 using the following information from Zimmer Company. a.…
A: Balance sheet (BS) of a company or organization refers to part of financial statement which provides…
Q: The balance in net accounts receivable on 30 June is: The balance in allowance for doubtful debts…
A: Computation of Balance of net accounts receivable as on 30 June in the hand of Com. A Accounts…
Q: Sales price per unit Units produced this year Units sold this year Variable selling and…
A:
Q: arme Corporation was organized by five individuals on January 1, 2020. At the end of January 2020,…
A: Financial Statements : These are the statements in which all the accounting data shown at the end of…
Use the information provided below to calculate Samantha’s remuneration for 17 March 2022.
INFORMATION
Samantha’s normal wage is R300 per hour and her normal working day is 8 hours. The standard production time for
each employee is 4 units for every 30 minutes. On 17 March 2022, Samantha’s production was 76 units. Using the
Halsey bonus system, a bonus of 50% of the time saved is given to employees.
Step by step
Solved in 2 steps
- Peggy Nolan earns 20 per hour for up to 300 units of production per day. If she produces more than 300 units per day, she will receive an additional piece rate of .5333 per unit. Assume that her hours worked and pieces finished for the week just ended were as follows: a. Determine Nolans earnings for each day and for the week. (Round piece-rate computations to the nearest whole dollar.) b. Prepare the journal entry to distribute the payroll, assuming that any make-up guarantees are charged to Factory Overhead.Jody Baush is a salaried employee who normally works a 35-hour week and is paid a weekly salary of 735.00. The agreement that he has with his employer states that his salary is to cover all hours worked up to and including 40. This week, Baush worked 42 hours. Calculate his gross pay. Gross pay_________Carl La Duca earns 3,875 each month and works 40 hours each week. Compute: a. The hourly rate________ b. The overtime rate at time and one-half________
- Accounting for bonus and vacation pay Cathy Muench a factory worker, earns 1,000 each week. In addition, she will receive a 4,000 bonus at year-end and a four-week paid vacation. Prepare the entry to record the weekly payroll and the costs and liabilities related to the bonus and the vacation pay, assuming that Muench is the only employee.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 aboveR. Herbert of Crestview Manufacturing Co. is paid at the rate of 20 an hour for an eight-hour day, with time-and-a-half for overtime and double-time for Sundays and holidays. Regular employment is on the basis of 40 hours a week, five days a week. At the end of a week, the labor time record shows the following: Because jobs are randomly scheduled for the overtime period, any overtime premium is charged to Factory Overhead. a. Compute Herberts total earnings for the week. b. Present the journal entry to distribute Herberts total earnings. (Note: These single journal entries here and in E3-2, E3-3, E3-4, E3-8 and E3-9 are for the purpose of illustrating the principle involved. Normally, the entries would be made for the total factory payroll plus the administrative and sales payroll.)
- Bruce Eaton is paid 10 cents per unit under the piece-rate system. During one week, Eaton worked 46 hours and produced 5,520 units. Compute the following: 1. The piecework earnings ________ 2. The regular hourly rate ________ 3. The overtime hourly rate ________ 4. The overtime earnings ________ 5. The total earnings ________Use the information provided below to calculate Samantha’s remuneration for 17 March 2022.INFORMATIONSamantha’s normal wage is R300 per hour and her normal working day is 8 hours. The standard production time for each employee is 4 units for every 30 minutes. On 17 March 2022, Samantha’s production was 76 units. Using the Halsey bonus system, a bonus of 50% of the time saved is given to employees.Samantha’s normal wage is R300 per hour and her normal working day is 8 hours. The standard production time foreach employee is 4 units for every 30 minutes. On 17 March 2022, Samantha’s production was 76 units. Using theHalsey bonus system, a bonus of 50% of the time saved is given to employees. Use the information provided below to calculate Samantha’s remuneration for 17 March 2022.
