Robert Smith earns $16 per hour assembling products. For each hour over 40 he works in a week he is paid time-and-a- half. During a given week, he worked 40 hours for which 3 hours were idle time. How much of his weekly wages would be charged to direct labour? Multiple Choice O $640. $592. $688.

Robert Smith earns $16 per hour assembling products. For each hour over 40 he works in a week he is paid time-and-a- half. During a given week, he worked 40 hours for which 3 hours were idle time. How much of his weekly wages would be charged to direct labour? Multiple Choice O $640. $592. $688.

College Accounting (Book Only): A Career Approach

12th Edition

ISBN:9781305084087

Author:Cathy J. Scott

Publisher:Cathy J. Scott

Chapter7: Employee Earnings And Deductions

Section: Chapter Questions

Problem 1E

See similar textbooks

Related questions

Q: The following are required operating segment disclosure items, EXCEPT: Segment cash flows None of…

A: According to GAAP, any unit that engages in business activities that result in incurred expenses or…

Q: Jan. 21 July 25 Oct. 20 1 (a) 20 (b) (c) (d) Beginning inventory Purchase Nov. 15 Sale Sale Purchase…

A: Inventory valuation is based on the flow of inventory issued by the organization. It can be the…

Q: Sally's Shed had account balances in Accounts Receivable of $415,000 and in Allowance for…

A: The allowance for doubtful accounts is created to record estimated bad debt expenses for the period.…

Q: Portions of the financial statements for a company are provided below. Income Statement For the year…

A: The cash flow statement is one of the important financial statement of the business. The cash flow…

Q: Crystal paid a two-year subscription amount of $457 to receive a magazine every week. After…

A: Revenue Recognition means the recording of revenues of an entity in its books. It is an accrual…

Q: Consider the following account balances of Evan McGruder, Inc., as of December 31, Year 3: Accounts…

A: Balance sheet is one of the financial statements that shows list of final ending balances of assets,…

Q: Christa has made a $25,000 pledge to the American Red Cross (a public charity). Christa expects AGI…

A: When making a charitable donation, like the $25,000 pledge to the American Red Cross, the choice of…

Q: Miami Rivet has 500,000 common shares outstanding, and the common stock amount on the balance sheet…

A: A dividend is a distribution of profits by a corporation to its shareholders. Any amount not…

Q: The bookkeeper for Novak Corp. has prepared the following statement of financial position as at July…

A: Balance sheet stands for the statement and information that shows the assets and liabilities of the…

Q: Date Apr. 1 (a) 6 9 14 20 28 Explanation Beginning inventory Purchases Sales Purchases Sales…

A: Inventory is an Assets because inventory comprises items or products that a firm keeps with the…

Q: Bon Nebo Co. sold 12,000 annual subscriptions of Bjorn for $44 during December 2015. These new…

A: Current liabilities are financial obligations and debts that a company is expected to settle within…

Q: Revenue and cost details for a company’s single product are as follows:…

A: Equilibrium is the key concept behind the break-even point. When revenue perfectly matches costs,…

Q: ariable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of…

A: CVP analysis is an important tool for organizations of all sizes because it allows them to make…

Q: Windsor Company is constructing a building Construction began on February 1 and was completed on…

A: The question is based on the concept of Borrowing Cost Accounting.Borrowing costs that are directly…

Q: Alternative Inventory Methods Nevens Company uses a periodic inventory system. During November, the…

A: FIFO is first in first out method of inventory valuation, under which inventories which are…

Q: Waterway Company includes one coupon in each box of soap powder that it packs, and 10 coupons are…

A: The process for initially recording business transactions in the books of accounts is called a…

Q: Morrish Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The direct…

A: TOTAL COSTTotal Cost is the cost incurred to manufacturing a product.Total Cost Includes Cost of Raw…

Q: In 2024, internal auditors discovered that PKE Displays, Incorporated, had debited an expense…

A: Errors in recording entries are errors or inaccuracies that occur when financial transactions are…

Q: Helix Corporation uses the weighted-average method in its process costing system. It produces…

A: Weighted Average Method:It uses a processing costing system for the products that need some process…

Q: oblem 5. NGIWI AR AP Bonds payabl Cash IWI Inc. will use

A: Current Ratio= Current asset/ Current Liabilites=Cash + Accounts Recievable + Inventory/ AP+Notes…

Q: erway Industries has the following budgeted costs for the next year: Time Charges Material…

A: Material costs may include the cost of raw materials, transportation, and shipping charges, handling…

Q: Buffalo Home Improvement Company installs replacement siding, windows, and louvered glass doors for…

A: It is the stock held for sale to customers. The inventory comprises of raw materials, work in…

Q: Cost accounting systems used by manufacturing companies are based on the: OA. LIFO inventory system.…

A: A cost accounting system is the system companies use to compute the cost related to the goods sold…

Q: Estimating Useful Life and Percent Used Up The property and equipment section of the lululemon…

A: Depreciation is a non-cash expense that is incurred due to physical wear and tear, obsolescence or…

Q: GreenThumb Organic Fertilizer Company plans to sell 220,000 units of finished product in July and…

A: Production costs can be direct or indirect costs that occurred at the time of manufacturing a…

Q: More Parts Liquidators specializes in buying excess parts inventories to resell or to incorporate…

A: INCREAMENTAL ANALYSIS Incremental analysis is a decision-making method that examines the net effects…

Q: A company does an ABC analysis of its inventory and lates that out of 5000 items, 22% can be…

Q: January 1, 2020, a rich citizen of the Town of Ristoni donates a painting valued at $370,000 to be…

A: The net financial status and operating performance of the government entity as a whole are presented…

Q: The following information was taken from Riddell Ltd.'s adjusted trial Sales revenue $1,061,800…

A: The multi-step income statement is a useful tool for financial analysis since it gives a more…

Q: ! Required information Problem 7-5B Determine depreciation under three methods (LO7-4) [The…

A: Depreciation expense :— It is the allocation of depreciable cost of asset over the estimated useful…

Q: Bailey Corporation manufactures and sells a number of products, including Product G. Results for…

A: Continue or drop a product line is a method which the company uses to evaluate the performance of a…

Q: Which of the following is incorrect about debt financing? A. Debt financing always generates excess…

A: Debt financing is a common method for companies to raise capital by borrowing funds. While it offers…

Q: Prepare a Flexible budget for overheads on the basis of the following data. Ascertain the overhead…

A: Flexible budget is the statement which is prepared by the entity for determining the fixed and…

Q: V. On September 30, 2023, Olmos Company's inventory burned. Sales and purchases for the year had…

A: COST OF GOODS SOLDCost of Goods Sold States the Amount of Cost Included in the Number of Units Sold…

Q: ournalize the following transactions for Howard Company: Dec. 31 The accrued product warranty…

A: Journal entries are an important part of financial accounting because they ensure that all financial…

Q: Benenson Company bought some equipment on a contract entailing a €200,000 cash down payment and an…

A: Journal entry means the book of original entry where the first time transaction is recorded. After…

Q: Presume that Lachgar's sales were $219,860 million in Year 2. Assume that the total paid on warranty…

A: The warranty liability represents the estimated outstanding automobile warranty claims. These are…

Q: Delph Company uses a job-order costing system with a plantwide predetermined overhead rate based on…

A: The plantwide predetermined overhead rate is computed by dividing the total manufacturing overhead…

Q: The following information relates to a product produced by Faulkland Company: Direct materials $ 9…

A: Special order decision is made by the entity to decide if an additional order should be accepted or…

Q: Hair World Incorporated is a wholesaler of hair supplies. Hair World uses a perpetual inventory…

A: Journal entries in accounting are a documentation of the financial dealings that a company has…

Q: Oriole Co. manufactures three types of computer desks. The income statement for the three products…

A: The process of deciding whether to produce a product or service in-house or to acquire it from an…

Q: Blossom Company lost most of its inventory in a fire in December just before the year-end physical…

A: Inventory management effectively balances the requirement to make items available to consumers while…

Q: Annie's Homemade makes the brownies it adds to vanilla fudge brownie ice cream. The company is…

A: In this scenario, Annie's Homemade, a producer of brownies, faces a decision regarding the fate of…

Q: Umair sold some equipment he used in his business on August 29, 2022, that was originally purchased…

A: To calculate gain or loss on sale of the equipment, the book value of the same has to be arrived at…

Q: Garry Corporation's most recent production budget indicates the following required production:…

A: Direct material purchase budget :— This budget is prepared to estimate the number of units and cost…

Q: Question 45 Assume a division of HP Inc. curently makes 50.000 circuit boards per year used in…

A: Make or buy decision is a method of choosing the option of either manufacturing or outsourcing the…

Q: Chaz Corporation has taxable income in 2023 of $316,600 for purposes of computing the §179 expense…

A: Answer:- In the domains of business and investing, depreciation deductions are frequently employed.…

Q: Current portion of long-term debt PepsiCo, Inc. (PEP) reported the following information about its…

A: Long-term debt is the liabilities that are expected to be paid beyond twelve months and the…

Q: Delph Company uses a job-order costing system with a plantwide predetermined overhead rate based on…

A: Variable cost depending upon the production of goods or services that is increment of sales…

Q: Cove’s Cakes is a local bakery. Price and cost information follows: Price per cake $ 14.01 Variable…

A: Break-even analysis is a technique employed in the fields of financial and managerial accounting to…

Question

Please dont provide solution image based thanx

Robert Smith earns $16 per hour assembling products. For each hour over 40 he works in a week he is paid time-and-a-
half. During a given week, he worked 40 hours for which 3 hours were idle time. How much of his weekly wages would be
charged to direct labour?
Multiple Choice
$640.
$592.
$688.
$48.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1: Understanding of direct labor cost and overhead costs

VIEW

Step 2: Calculation of direct labor cost

VIEW

Solution

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

You work as a factory worker in National Co.. You are paid P45 per hour and an extra P13.50 per hour for every hour over 40 that is worked in a given week. Last week you worked 50 hours with 3 of these hours correctly classified as idle time. How much of your wages last week should be included in manufacturing overhead cost?
Lem Company pays time and a half for hours in excess of 40 hours per week. If an individual is paid P60 per hour and work 44 hours a week, what is the amount direct labor:
Bill Harris works on the assembly line of the Boothe Company and earns P10 per hour. He is paid time-and-a-half for work in excess of 40 hours per week. During a given week he worked 43 hours and had no idle time. How much of his week's wages would be charged to manufacturing overhead? P45 P15 P30 P0
a. b. Two workers, A and B, produce the same product on identical machines. A receives P35.00 per hour and he produces 110 units per hour. B is able to produce 130 units per hour. The machine rate or cost of operation of the machines rate or cost of the operation of the machines used by them is P100.00 per hour. Determine the cost per piece of the worker A Determine the hourly wage of worker B in order that his cost per piece will equal that of A.
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.
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.
William Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base salary of $1,510 per month. One of the barbers serves as the manager and receives an extra $580 per month. In addition to the base salary, each barber also receives a commission of $8.40 per haircut. Other costs are as follows. Advertising Rent Barber supplies Utilities Magazines William currently charges $18.00 per haircut. (a) Determine the unit variable costs per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, e.g. 2.25.) Your answer is correct.. Total unit variable cost per haircut Total fixed costs (b) $300 per month $1,020 per month $0.45 per haircut $150 per month plus $0.15 per haircut $30 per month eTextbook and Media (d) V Your answer is correct. Break-even point Break-even point sales $ Compute the break-even point in sales units and in sales dollars. eTextbook and Media Your answer is incorrect. $ Net income $ $ 1070 19260 9 9630 haircuts Determine…
The chief estimator has asked you to determine the average hourly cost for equipnent operators using the information below.. The plan is to work 48 hours per week (8 hours Monday - Saturday). Overtime is paid for over 40 hours at a rate of Tirme and a half. Base Wage - $22.00 per hour Social Security Tax - 7.65% Unermployment Compensation Tax - 2.75% Worker Compensation Insurance $32.00/100 Public liability/Property Damage Insurance $3.10/100 Fringe Benefits $6.25 per hour
A worker is paid the day-work rate if she earns less than 100% incentive premium. The standard is 75 units per hour, and the operator completes 140 good parts in 1.4 hours. The wage rate is $25/hour. Find the piece rate. What are the earnings and labor efficiency?
1. Alva Nunez is a punch press operator for Drummond Machine Company. She earns $1.10 for every molding she presses. What is her total pay for a week in which she presses 310 moldings? 2. Lei Kurokideliv R e News. vers a week
3. Amin works as a production worker in the Cutting Department of a manufacturing organization. He works on a 40-hour work a week. He is paid RM10.00 per hour, but overtime is paid at one and one third. On a particular week, he works for 48 hours. You are required to calculate: a) Basic pay b) Overtime pay