What is the labor cost per concrete block? (There is no overtime)
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- 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 ________York Company Is a machine shop that estimated overhead will be $50,000, consisting of 5,000 hours of direct labor. The cost to make job 0325 is $70 in aluminum and two hours of labor at $20 per hour. During the month. York incurs $50 in indirect material cost. $150 in administrative labor, $300 in utilities, and $250 in depreciation expense. What is the predetermined overhead rate if direct labor hours are considered the cost driver? What is the cost of Job 0325? What is the overhead incurred during the month?A worker in a certain company has a daily rate of Php 547, he needs to finish the tasks for 18 days, what would be the total direct labor cost that the company would pay him? Assuming that the overhead charge would be 1.76.
- A customer ordered a window frame. In doing the job, it requires iron bars with a total worth of ₱4,000. Two employees are assigned for the job and each of them will work 8 hours. The hourly rate of the employees is ₱75.00. The pre-determined overhead rate (POHR) is ₱100 that is based on the total working hours of the employees. The cost of the window frame would be? a. ₱6,000 b. ₱6,800 c. ₱4,175 d. ₱5,400A foundry employee worked a normal 40-hour shift, but four hours were idle due to a small fire in the plant. The employee earns $18 per hour.Required:1. Calculate the employee’s total compensation for the week.2. How much of this compensation is a direct-labor cost? How much is overhead?A manufacturer of a car estimated that the raw materials will have a total cost of ₱400,000. There will be five (5) employees who will work 24 days on a regular eight (8) working hours. Each of them receives a fixed salary of ₱15,000. The POHR based on the total working hours of the employees is ₱200. The cost of the car would be? a. ₱415,200 b. ₱483,000 c. ₱2,800,000 d. ₱667,000
- A loom operator in a textiles factory earns $16 per hour. By contract, the employee earns $24 (time and a half) for overtime hours. The operator worked 45 hours during the first week of May, and overtime is paid after the usual 40 hours.Required:1. Compute the loom operator’s compensation for the week.2. Calculate the employee’s total overtime premium for the week.3. How much of the employee’s total compensation for the week is direct-labor cost? How much is overhead?A factory operates 48 weeks a year. For the rest of the weeks all workers are on holiday at without pay. The working week is of 48 hours.There are six identical machines in the machine shop. The cost of all machines in together is Tk 4, 20,000. Estimated working life and probable scrap value of each machine is 10 years and Tk 2,000 respectively.Three foremen are employed in the machine shop and each is paid tk 500 per week. The cost of repairs and maintenance of all machines is tk 10,000 per year. The monthly rent and lighting charges of the machine shop are tk 8,000 and tk 4,500 respectively. The hourly power consumption of each machine is Tk 0.50.Requirements:i. Compute the machine hour rate?ii. Ascertain the cost of a job which requires 1200 machine hours to complete. The job, it is estimated, shall consume material worth tk 12,000 and wages tk 8,000.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
- A Company pays time and a half for hours in excess of 40 hours per week. An individual is paid P24.00 per hour and worked 44 hours a week. The weekly earning of the employee will amount to? How much should be charged to Work in Process? How much should be charged to Factory overhead?What is the amount to be charged to Manufacturing Overhead Control account? 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.An employer pays $3,000 a month for office space rental and $1,000 to 12 employees, plus a $10 bonus for each unit of work completed by the employee during the month. In addition, the employer has a profit of $18 per unit of work per employee. Suppose an employee completes 300 units in a month. Calculate your monthly payment.
