The ________ is the hourly price charged to clients for professional labor. salary rate billing rate wage rate job rate

Q: Which of the following would be included in factory overhead? Group of answer choices a salary of…

A: There are two types of factory costs that are direct and indirect cost.

Q: Incentives refers to: Additional money paid along with salary and wages to encourage employees to…

A: Salaries and wages: These include the compensation that is provided to the employees for the work…

Q: 4. If a worker is paid based in proportion to the quantity of work he/she finishes. It is called. *…

A: Piece rate is the system in which the employee is paid for the work they complete irrespective of…

Q: 1.If an employee works two jobs at two different wage rates for the same employer during the same…

A: Overtime pay seems to be the remuneration you earn for working outside of your typical working…

Q: Classify each of the following as being either fixed (F), variable (V), semi-fixed (SF) or…

A: Fixed costs are those costs which do not change with change in level of activity. Variable costs are…

Q: A friend owns and operates a consulting firm that works for a single client under one consulting…

A: Job Costing: It is a way of accounting used to keep track of the costs of particular projects and…

Q: Which of the following is not a period cost? Group of answer choices Sales commissions. Public…

A: Cost can be divided in to different groups including period cost, product cost etc. Period cost are…

Q: How can I get the total direct labor hours and costs for a business?

A: This question explains about the total direct labor hours and costs for a business.

Q: It is usually associated with employee compensation that is based on the number of hours worked…

A: As per the guidelines, only one question is allowed to be answered so I am answering the first…

Q: Calculate the annual gross salary/wage

A: Normal working hours(Excluding idle time)= (52*5*8) - (12*8) - (17*8) = 2080-96-136 = 1848 Normal…

Q: If each professional in a service company is paid an annual s alary, why might the firm want to use…

A: Every professional in a service company is received an annual salary but sometimes firm wants to use…

Q: Which of the following is not charged to the factory overhead control account?

A: Factory overhead comprises of manufacturing overhead costs i.e. indirect expenses like indirect…

Q: DARA'S SHOP Number of Workers Total Revenue per Day 1 $200 2 $320 3 $400 4 $460

A: Solution- Choice B presents the optimal levels of employment and production, with a total profit of…

Q: 14. An example of labor-related costs is:   a. fringe benefits b. factory labor c. bonus pay d.…

A: Direct labor means the amount spent on the producing the finished goods for worker who are directly…

Q: Wages paid to laborers working in the manufacturing department is treated as an expense of?…

A: Wages: It can be defined as the amount that is paid to the laborers as remuneration for the work…

Q: The salary foregone by a person who quits a job to start a business is an example of a(n) ________.…

A: Answer: Option (a) Opportunity Cost is the Correct Answer

Q: Required: 1. Prepare the journal entry to record the labor cost if the overtime premium is charged…

A:

Q: How would you compute the following in order submit a proposal for a new administrative assistant…

A: Step 1 Total remuneration refers to a total sum of an employee's annual compensation package,…

Q: of the following is an example of direct labor?     Salary of the vice-president of op

A: Direct Labour refers to the labour directly involved in the manufacturing process for producing the…

Q: efer to Williams Company. What is the prime cost of Job #6?

A: Solution Concept Prime cost means the direct cost incurred other than the overheads Mathematically…

Q: Which one of the following is an example of a committed cost? a. The salary of the marketing manager…

A: Committed cost refers to the cost which has not yet been incurred but already contracted /committed…

Q: Google uses a “time ticket” for some employees. How are time tickets used in job order costing?

A: It is a type of cost which used to find the total cost of a particular job as the cost is assigned…

Q: Which of the following statements are true? 1. A cost driver is a factor, such as machine-hours,…

A: Direct costs are those costs which are directly involved in converting raw material into finished…

Q: Salary of factory manager is considered as direct labor. t or f

A: The cost of supervisory personnel, although they are needed to operate the factory, is classified as…

Q: Employee Filing Status No. of Withholding Allowances Gross Wage or Salary Percentage Method…

A: Solution A Wage is  compensation paid to employees for work for a company during a period of time.

Q: Which one of the following has no impact on the expected productive hours of an employee? Select…

A: SOLUTION- PUBLIC HOLIDAY- IT IS ALSO CALLED NATIONAL HOLIDAY AND LEGAL HOLIDAY IS A HOLIDAY IS…

Q: How to calculate gross pay and net pay for employees.

A: Gross pay: Gross pay includes the employee’s share of social security taxes, Medicare taxes, and…

Q: Calculate annual cost of this worker for the company and its % of mark up.

A: Annual cost of an employee to a company is the total expense a company pays for an employee. It…

Q: The plant manager's salary * Product Cost O Period Cost

A: The costs incurred in production can be classified as period cost or product cost.

Q: If a company fully allocates all of its overhead costs to jobs, does this guarantee that a profit…

A: Overhead cost: Overhead cost is the indirect expense in a business. It does not directly involve…

Q: Identify and discuss three assumptions relating to your expected revenue (salary), and three…

A: Here are my 3 assumptions relating to expected revenue(salary) and expected costs (expenses).

Q: Which one is a Historical Cost Select one: a. office Rent b. Rent Factory c. All the Above d. Office…

A: Historical costs are costs that are incurred in past or in history or that can not be recovered.

Q: 1. Given the information, determine the annual cost of hiring the outside accountant. $ X What is…

A: Annual cost of hiring the outside accountant means that the work has been outsourced by the company…

Q: Overtime salary and Nightshift allowance are examples of _______. A. Direct Labour cost B. General…

A: Overtime salary and night shift allowance is paid to employees for working beyond prescribed working…

Q: 1. is the basic pay in an employee's compensation package wherein the amount of money the employee…

A: As per our guidelines we are supposed to answer only 4 parts maximum. kindly ask remaining parts as…

Q: Company XYZ hired Ali as a factory security guard. The company agreed to pay Ali based on the number…

A: Overhead cost includes all the indirect expenses incurred by an organization for operating a…

Q: A draw is an advance of an employees O a. Production O b. Salary O. Overtime pay O d. Commission

A: A draw means an advance given to employee in anticipation of the commission to be paid to employee…

Q: if the overtime premium is charge to specific job, it should be debited to:   Work in process…

A: Job costing is a specific type of costing system in which all indirect costs or overhead costs are…

Q: A friend owns and operates a consulting firm that works for a single client under one consulting…

A: solution : in the given question the friend works for a single client under one consulting…

Q: (B Items :Charged to WIP; Factory O/H; Selling and] [Administrative Expenses A) Direct Labor B)…

A: Cost of direct materials and direct labour that is directly related or can be allocated to product…

Q: The labor received the income from daily basis its Select one: a. Rent b. Wages c. Non-Wages d.…

A: Wages means the payment made to temporary worker who are generally working in factory.

Q: Salary of the factory cafeteria workers would be?

A: Direct Materials are the expenses incurred for the raw materials used in manufacturing the finished…