There are 2 workers in one of companies, the company has determinethe normal work hours by 8 hours in one day with wage hour rate $14,this company paid %150 from normal hour wage as an overtime wage, ifyou know these workers worked 3 days and the time cards showedthrough this days 1 hour stop machines due to power failure and 1.5 hoursdue to the maintenance every day, the follows is total actual work hoursfor each worker: first worker (27 hours), second worker (30 hours).Required: From above data, choose the correct answer for thefollowing questions.wwwLTE ..docs.google.com.Total direct wage in case of showing thepremium of overtimeOOO O O$812O$462MFG. OH. C. in case of showing theovertime cost:оо$721other$354$415otherAmount of loss account *$225$52$34other$141:01

Here discuss about the details of wages payment and its calculation of overtime cost and others as…

There are 2 workers in one of companies, the company has determin e normal work hours by 8 hours in one day with wage hour rate $14 is company paid %150 from normal hour wage as an overtime wage, ou know these workers worked 3 days and the time cards showe rough this days 1 hour stop machines due to power failure and 1.5 hour te to the maintenance every day, the follows is total actual work hour or each worker: first worker (27 hours), second worker (30 hours).

There are 2 workers in one of companies, the company has determin e normal work hours by 8 hours in one day with wage hour rate $14 is company paid %150 from normal hour wage as an overtime wage, ou know these workers worked 3 days and the time cards showe rough this days 1 hour stop machines due to power failure and 1.5 hour te to the maintenance every day, the follows is total actual work hour or each worker: first worker (27 hours), second worker (30 hours).

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter3: Accounting For Labor

Section: Chapter Questions

Problem 3P

See similar textbooks

Similar questions

Kyle Forman worked 47 hours during the week for Erickson Company at two different jobs. His pay rate was 14.00 for the first 40 hours, and his pay rate was 11.80 for the other 7 hours. Determine his gross pay for that week if the company uses the one-half average rate method. a. Gross pay__________ b. If prior agreement existed that overtime would be paid at the rate for the job performed after the 40th hour, the gross pay would be________
Costa, Inc., recently converted from a 5-day, 40-hour workweek to a 4-day, 40-hour workweek, with overtime continuing to be paid at one and one-half times the regular hourly rate for all hours worked beyond 40 in the week. In this company, time is recorded under the continental system, as shown on the time card on the following page. Barbara Bansta is part of the Group B employees whose regular workweek is Tuesday through Friday. The working hours each day are 800 to 1200; 1230 to 1630; and 1800 to 2000. The company disregards any time before 800, between 1200 and 1230, and between 1630 and 1800, and permits employees to ring in up to 10 minutes late before any deduction is made for tardiness. Deductions are made to the nearest of an hour for workers who are more than 10 minutes late in ringing in. Refer to the time card and compute: a. The daily total hours ..........................................................................___________ b. The total hours for the week ...............................................................___________ c. The regular weekly earnings ................................................................___________ d. The overtime earnings (company rounds O.T. rate to 3 decimal places)___________ e. The total weekly earnings .....................................................................__________
Potts, Inc., recently converted from a 5-day, 40-hour workweek to a 4-day, 40-hour workweek, with overtime continuing to be paid at one and one-half times the regular hourly rate for all hours worked beyond 40 in the week. In this company, time is recorded under the continental system, as shown on the time card on the following page. Sue Ellen Boggs is part of the Group B employees whose regular workweek is Tuesday through Friday. The working hours each day are 800 to 1200; 1230 to 1630; and 1800 to 2000. The company disregards any time before 800, between 1200 and 1230, and between 1630 and 1800, and permits employees to ring in up to 10 minutes late before any deduction is made for tardiness. Deductions are made to the nearest of an hour for workers who are more than 10 minutes late in ringing in. Refer to the time card and compute: a. The daily total hours ..........................................................................___________ b. The total hours for the week ...............................................................___________ c. The regular weekly earnings ................................................................___________ d. The overtime earnings (company rounds O.T. rate to 3 decimal places)___________ e. The total weekly earnings .....................................................................__________
Gabrielle Hunter, a waitress at the Hole-in-the-Wall restaurant, worked 42 hours this week and collected over 500 in tips. The restaurant uses the full tip credit against the minimum wage and pays Hunter the minimum required for tipped employees. Determine her gross pay from the restaurant. a. Pay for the 40 hours_________ b. Pay for the overtime hours_________
Hunter Sobitson, a waiter at the Twentieth Hole restaurant, worked 43 hours this week and collected over 650 in tips. The restaurant uses the full tip credit against the minimum wage and pays Sobitson the minimum required for tipped employees. Determine his gross pay from the restaurant. a. Pay for the 40 hours_________ b. Pay for overtime hours_________
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 above
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 ________
Fiona cleans offices. She is allowed 5 seconds per square foot. She cleans building A, which is 3000 square feet, and building B. which is 2,460 square feet. Will she finish these two buildings in an 8-hour shift? Will she have time for a break?
Huron Manufacturing Co. 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 months payroll under the new union contract provisions shows the following: Analysis of the supporting payroll documents revealed the following: a. More production was scheduled each day than could be handled in a regular workday, resulting in the need for overtime. b. The Saturday and Sunday hours resulted from rush orders with special contract arrangements with the customers. The controller believes that the overtime premiums and the bonus should be charged to factory overhead and spread over all production of the accounting period, regardless of when the jobs were completed. The plant manager favors charging the overtime premiums directly to the jobs worked on during overtime hours and the bonus to administrative expense. The sales manager states that the overtime premiums and bonus are not factory costs chargeable to regular production but are costs created from administrative policies and, therefore, should be charged only to administrative expense. Required: 1. Evaluate each positionthe controllers, the plant managers, and the sales managers. If you disagree with all of the positions taken, present your view of the appropriate allocation. 2. Prepare the journal entries to illustrate the position you support, including the accrual for the bonus.
A rush order was accepted by Bartley's Conversions for five van conversions. The labor time records for the week ended January 27 show the following (Hours not worked on vans are idle time andare not charged to the job.): All employees are paid 20 per hour, except Klembara, who receives 25 per hour. All overtime premium pay, except Klembara's, is chargeable to the job, and all employees, including Klembara, receive time-and-a-half for overtime hours. Required: 1. Calculate the total payroll and total net earnings for the week.Assume that an 18% deduction for federal income tax is requiredin addition to FICA deductions. Assume that none of the employees has achieved the maximums for FICA and unemploymenttaxes. 2. Prepare the journal entries to record and pay the payroll. 3. Prepare the journal entry to distribute the payroll to the appropriate accounts. 4. Determine the dollar amount of labor that is chargeable toeach van, assuming that the overtime costs are proportionateto the regular hours used on the vans. (First compute an average labor rate for each worker, including overtime premium,and then use that rate to charge all workers' hours to vans.)Round the labor rates to the nearest whole cent.
During the month, Job AB2 used specialized machinery for 450 hours and incurred $500 in utilities on account, $300 in factory depreciation expense, and $100 in property tax on the factory. Prepare journal entries for the following: A. Record the expenses incurred. B. Record the allocation of overhead at the predetermined rate of $1.50 per machine hour.
Mack Banta, a nonexempt account representative, worked extra hours this week as a call operator. A number of operators were out for the week and Banta was asked to pick up some of their hours. Can the company pay Banta at a lower pay rate for the hours he worked as an operator? These extra hours also pushed Bantas work time over 40 hours. How should the company calculate Bantas overtime pay?