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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.A company estimates its manufacturing overhead will be $750,000 for the next year. What is the predetermined overhead rate given the following independent allocation bases? Budgeted direct labor hours: 60,000 Budgeted direct labor expense: $1,500,000 Estimated machine hours: 100,000Q1 Irfan Corporation contribution margin ratio is 22% and its fixed monthly expenses are Rs. 54,000. If the company's sales for a month are Rs. 425,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change. Q2Anwer Manufacturing had the following information in its records at the end of the year: Predetermined overhead rate 140% of direct labor costs Estimated direct labor costs 87,500 Actual direct labor costs 84,000 Manufacturing Overhead 15,000 17,000 80,000 What was the balance in Manufacturing Overhead?
- Q1. After selection of an Employee, the Human Resource Department decide the following salary breakup. Employee Base pay = Rs.17 (Per Regular hrs.) + Rs.50 (Per Week Bonus) Employee working hrs. Per Week = 60hrs (40 regular hrs. 20 overtime hrs.) Case # 01 So: Calculate the actual regular pay rate per hour. Calculate the overtime rate per hour. Calculate the Total pay for a month.Q1. After selection of an Employee, the Human Resource Department decide the following salary breakup. Employee Base pay = Rs.17 (Per Regular hrs.) + Rs.50 (Per Week Bonus) Employee working hrs. Per Week = 60hrs (40 regular hrs. 20 overtime hrs.) Case # 01 So: Calculate the actual regular pay rate per hour. Calculate the overtime rate per hour. Calculate the Total pay for a month. Q2. If the Basic Salary of the employee is Rs.12000 Calculate the Total Gross Remuneration of that particular employee.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. $401.75
- 2. Burnham Industries incurs the following costs for the month: Direct materials $2,000 Direct labor 3,000 Factory depreciation expense 3,500 Factory utilities expense 750 CEO's salary 4,000 How much is the prime cost? How much is the conversion cost? PLEASE NOTE: All amounts rounded to whole dollar and shown with "$" and commas as needed (i.e. $12,345).1. An industry employees 450 workers during the month of Decemcber 2019.The following arethe details of Expenditure as follows .Cost of material=$ 86000, Rate of wages for each employee =$ 3 per hour of normal duty and $ 6per hour of overtime duty. Man hours per day of normal duty= 8 hours. Number of holidays per month (with out wages)=6 days. Total over head expenses = $23000.The workers were paid overtime for 375 hours. Calculate (i) Total cost/month (ii) Man hour rate on costs …..calculating gross earnings THe lw pay its employees on a hourly wage. Fing gross earings for each employee. Hours worked hours wage gross earnings pat 38 5.96 steve 23 5.50 mary 32 6.19
- Employees basic rate £5 per hour Time allowed for job 40 minutes Time taken for job 25 minutes Under the Rowan scheme, the total amount paid for the job would be A 63p B 53p C 47p D 30pExample 2-24 Paul Fritz produced 3,073 pieces in a 44-hour workweek and is paid 18¾ cents for every unit produced. Fritz earned overtime at a piece rate of one and one-half times the regular rate for all pieces produced during overtime hours. Of the total 3,073 pieces produced, 272 were produced in the 4 overtime hours. Fritz's total piecework and overtime earnings are as follows: 2,801 × $0.1875 = $525.19 piecework earnings 272 pieces × $0.2813 ($0.1875 × 1.5) = $76.51 overtime earnings $525.19 + $76.51 = $601.70 piecework and overtime earnings During the first week in November, Erin Mills worked 45½ hours and produced 1,275 units under a piece-rate system. The regular piece rate is $0.45 a unit. Mills had agreed with her employer prior to the performance of the work that she would be paid one and one-half times the regular piece rate for all pieces produced during the overtime hours. Assume that her production totals for the week were 1,075 pieces during regular hours and…given: $14.42 hourly wage , $412 sales target per hour, 40 hours If sales > 16,480 associate receives commission of 7.35 of sales no hourly wage If sales < 16,480 employee is paid hourly wage no commission Plot associates weekly compensation as a function of weekly sales