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- Patterson Corporation expects to incur 70,000 of factory overhead and 60,000 of general and administrative costs next year. Direct labor costs at 5 per hour are expected to total 50,000. If factory overhead is to be applied per direct labor hour, how much overhead will be applied to a job incurring 20 hours of direct labor? a. 120 b. 260 c. 28 d. 140Peggy 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.The Tricon Company pays its workers on a 60 percent gain-sharing plan, with bonus pay beginning at 80 percent of standard. The standard is 400 units per 40-hour week. Mary Romaraz, whose base pay is $7.10 per hour, produced 430 units last week. a. What is Mary’s gross pay for the week? b. What is the unit labour cost at 60 percent of standard? c. At standard? d. At Mary’s rate of work last week?
- The piecework rate in a factory is GH¢2 per unit and the minimum pay is GH¢42/day. A bonus of GH¢5 is paid in addition to the piecework rate if more than 30 units are made in a day. On Monday, Harry makes 20 units. On Tuesday to Friday he makes 21, 24, 32 and 27 respectively. The gross amount earned by Harry isA. GH¢210B. GH¢248C. GH¢253D. GH¢255A Civil Engineer produces a certain construction material at a labor cost of P16.20 per piece, materials cost of P38.50 per piece and variable cost of P7.40 per piece. The fixed charges on the business is P100,000 a month. If the product is sold for P95.00 each, how many pieces must be made and sold each month to break even?I sell a product for Php 24.75 and fill orders averaging 37 units per day. My cost to produce and assemble each item is Php 3.11. If I am open for business five days per week, what is my contribution margin per unit?
- A company that builds and sells desks has a weekly overhead including salaries and plant costs of P170,000. The cost of materials for each desk is P2,000 and the desk is sold for P10,000. How many desks must be built and sold each week so that the company is guaranteed a profit?A clothing salesperson recieves a weekly base salary of $200.00 on a quota of $3000 on the next $1000, she receives a commission of 25%. On nay additional sales, the commission rate is 40%. Find her gross earnings for a week in which her sales total $6000Len-Len is a saleslady who has a monthly salary of ₱22,500. Her total sales for the month amount to ₱65,000. How much is her GROSS INCOME for the month: a) if each product costs ₱520 and he is paid ₱46 for each product he sold? b) if she is paid 8% of sales up to ₱50,000, 12% of the next ₱30,000.00 and 15% of sales beyond ₱80,000.00?
- A start-up company has the following expenses: Rent = $1,100 Utilities = $265 Material and assembly = $12.65/unit Monthly labor = $625 If its product sells for $29.99/unit, how many units must it sell to break even?A company is operating 50-50 Halsay premium plan. Compute the total wages of the worker per hour working in the factory based on the following information:- Time rate = ksh 60/hr. Time allowed standard = 100hrs. Time taken = 75 hrs (b) If a worker is employed for the manufacture of consumable items at a piece rate of ksh150 and has to prepare 50 items in 8 hours of work, but he prepared 55 items in 8 hours. Calculate his total daily earnings by piece rate system. Also calculate extra earningsE3-3 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…
