Answer C, D, and E Case 3: Support GroupToo Much Motors' service department is organized using the support group approach. During the past weekall six technicians in the group worked 42 hours. Because they are on a support group pay plan, Cathy, theteam leader, is paid an extra $1 on top of what she already earns, for every flat-rate hour produced by theentire team for her efforts on guiding and directing them. The flat-rate hours and flat-rate pay for thetechnicians are:Fred - 40 hrs. @ $16; Kevin - 44 hrs. @ $18; Josh - 34 hrs. @ $12Cathy 62 hrs. @ $24; Sal - 56 hrs. @ $17; Curtis - 58 hrs. @ $15You Decidea) What did each of the six technicians earn last week?FredCathy.KevinSalJoshCurtisb)How many flat-rate hours did the entire shop produce last week?c) If Too Much Motors' charges $90 per flat-rate hour, what were their gross labor sales for last week?d) What was Too Much Motors' gross profit for last week?e)What was their gross profit percentage for last week?(Use 2 decimal places. Ex: 47.56)

Labour pay is the concept through which labour are paid at pre determined rates per hour. Then the…

Answered: Case 3: Support Group Too Much Motors'…

PAYROLL ACCT.,2019 ED.(LL)-TEXT

19th Edition

ISBN:9781337619783

Author:BIEG

Publisher:BIEG

Chapter2: Computing Wages And Salaries

Section: Chapter Questions

Problem 21PB: Maria Cohen is employed as a salesperson in the mens department of Lees Fashions. In addition to her...

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COMPUTING OVERTI ME RATE OF PAY AND GROSS WEEKLY PAY Rebecca Huang receives a regular salary of 2,600 a month and is paid 1 times the regular hourly rate for hours worked in excess of 40 per week. (a) Calculate Huangs overtime rate of pay. (b) Calculate Huangs total gross weekly pay if she works 45 hours during the week.
Carl cleans offices. He has the following buildings to clean every day: building A, which is 12,500 square feet; building B. which is 24,500 square feet; building C, which is 10,500 square feet: and building D, which is 6,700 square feet. He is allowed 5 seconds per square foot. Each employee is allowed one 30-minute lunch per shirt. How many employees will he need to hire?
Maria Cohen is employed as a salesperson in the mens department of Lees Fashions. In addition to her weekly base salary of 400 (35-hour week), Cohen is paid a commission of 1% on her total net sales for the week (total gross sales less any customer returns). During the past week, to promote the sale of its fine cashmere sweaters, Lees agreed to pay Cohen an additional PM (push money) of 3% of the total net sales of cashmere sweaters. Cohens weekly sales tally is given below. Compute Cohens total weekly earnings, showing her (a) weekly base salary, (b) commission, (c) PM, and (d) total weekly earnings.
PROBLEM: The Norman Company recently adopted an incentive plan. Factory workers are paid P7.50 per unit with a guaranteed minimum wage of P2,000 per week. Following is a report on employee’s productivity for the week ending May 19, 2019. All employees worked the full 40-hour week. WEEKLY SUMMARY Employee's Name Units ProducedCruz R. Cruz 240 J. Briones 286 C. David 275 A. Mendoze 240 F. Rivera 225 R. Tolentino 285 Required: 1.Compute each employee’s gross pay Work in Process Factory Overhead Control Employee’s Name Units Produced Piece Rate Total Pay Guaranteed Wage Difference (FOC) Total Gross Pay R. Cruz…
PSb 2-9 Calculate Gross Pay Based on an Incentive Plan Calculate gross pay for each of the following four employees of Person Mover Corp. The company offers a regular wage rate of $9.90/hour to all employees. Under an incentive plan in place for all employees, this rate increases for any employee who can meet weekly production goals. The increased rates and corresponding thresholds that must be met are as follows: $7.30/hour for producing at least 550 units $9.70/hour for producing at least 720 units $5.20/hour for producing at least 1,000 units $7.70/hour for producing at least 1,310 units All employees are paid an overtime wage rate that is 1.5 times their respective regular wage rates. 1:wiel jon worked 42 hours and produced 882 units. Gross pay= Gross Pay = $
Problem 1: Four factory workers and a supervisor make a team in the Machining Department. The supervisor earns P100 per hour, and the combined hourly charge of the four workers is P320. Each employee is entitled to a 2-week paid vacation and a bonus equal to 4 week's wages each year. Vacation pay and bonuses are treated as indirect costs and are accrued over the 50 week work year. A provision in the union contract does not allow these employees to work in excess of 40 hours per week. 1. Using the data in Problem 1, what is the amount to be charged to Manufacturing Overhead Control account? 2. Using the data in Problem 1, what is the estimated liability for bonus? 3. Using the data in Problem 1, what is the estimated liability for vacation pay? (Solutions must be in good accounting form. Excel form is also great! Hoping that you can help me! Thanks a lot, Tutor!)
E3-3 Modified wage plan. Randy Wetzel earns $30 per hour for up to 500 units of production per day. If he produces more than 400 units per day, he will receive an additional piece rate of $0.55per unit. Assume that his hours worked, and pieces finished for the week just ended were as follows: Day Hours Worked Pieces Finished Monday 8 415 Tuesday 8 400 Wednesday 8 525 Thursday 8 300 Friday 8 440 a.Determine Wetzel’s earnings for each day and for the week. b.Prepare the journal entry to distribute the payroll, assuming that any make-up guarantees are charged to Factory Overhead. E3-6 Journal entries for payroll A partial summary of the payroll data for Long Inds. for each week of Juneis as follows: 7-Jun 14-Jun 21-Jun 28-Jun Gross earnings $35,550…
Case Study: Elite Manufacturing Company The company uses a job order cost system to cost its products. It recently signed a new contract with the union that calls for time-and-a-half for all work over 40 hours a week and double-time for Saturday and Sunday. Also, a bonus of 1% of the employees’ earnings for the year is to be paid to the employees at the end of the fiscal year. The controller, the plant manager, and the sales manager disagree as to how the overtime pay and the bonus should be allocated. An examination of the first month’s payroll under the new union contract provisions shows the following: Direct labor: Regular—40,200 hours@$10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $402,000 Overtime: Weekdays—1,700 hours@$15 . . . . . . . . . . . . . . . . . . . . $25,500 Saturdays—400 hours@$20 . . . . . . . . . . . . . . . . . . . . . . . . 8,000 Sundays—300 hours@$20 . . . . . . . . . . . . . . . . . . . . . . . . . 6,000 Total…
(J) A company employs two consultants. Judy specializes in tax consulting and Steve specializes in management consulting. The company expects to incur total overhead costs of $411,600 during the year and applies overhead based on annual salary costs. Judy's annual salary is $220,000, and she is expected to bill 2,000 hours during the year. Steve's annual salary is $123,000, and he is expected to bill 1,500 hours during the year. Required:1.Calculate the predetermined overhead rate.2.Assuming that the hourly billing rate should be set to cover the total cost of services plus a 25% markup, compute the hourly billing rates for Judy and Steve.
Standards for Nonmanufacturing Expenses CodeHead Software Inc. does software development. One important activity in software development is writing software code. The manager of the WordPro Development Team determined that the average software programmer could write 25 lines of code in an hour. The plan for the first week in May called for 4,650 lines of code to be written on the WordPro product. The WordPro Team has five programmers. Each programmer is hired from an employment firm that requires temporary employees to be hired for a minimum of a 40-hour week. Programmers are paid $32.00 per hour. The manager offered a bonus if the team could generate more lines for the week, without overtime. Due to a project emergency, the programmers wrote more code in the first week of May than planned. The actual amount of code written in the first week of May was 5,650 lines, without overtime. As a result, the bonus caused the average programmer's hourly rate to increase to $40.00 per hour during…
Employee A is a carpenter and normally works 36 hours per week. The standard rate of pay is $3.60 per hour. A premium of 50% of the basic hourly rate is paid for all overtime hours worked. During the last week of October, Employee A worked for 42 hours. The overtime hours worked were for the following reasons: Machine breakdown: 4 hours To complete a special job at the request of a customer: 2 hours How much of Employee A's earnings for the last week of October would have been treated as direct wages? A $162.00 B $129.60 C $140.40 D $151.20
C: CASE STUDY HSH Sdn Bhd produces handmade shoes for children based in Melaka. There are three workers who are employed to run the production. It is the company’s policy to set the normal working hours at 8 hours a day, operating 5 days in a week. Provided below is the information gathered from the weekly time sheet for Week 3 April 2021. Employees Weekly hours worked Output produced (in pairs) Rejected output (in pairs) Monday Tuesday Wednesday Thursday Friday Monica 10 11 10 9 8 215 4 Rachel 11 10 9 11 11 227 3 Joey 8 8 8 8 8 156 8 Monica and Rachel are skilled workers who are paid based on an hourly rate which is RM9.00 per hour. Skilled workers are entitled for overtime payment. The company decides an overtime rate of 1.5 times of the normal rate. Meanwhile, Joey is a semi-skilled worker who is paid based on differential piecework scheme with a weekly minimum guaranteed wage…

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