Calculate the total cost of the employee's wages during the week described above.
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Calculate the total cost of the employee's wages during the week described above.
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- A 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?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 $151.20Highlander Cutlery manufactures kitchen knives. One of the employees, whose job is to cut out wooden knife handles, worked 48 hours during a week in January. The employee earns $12 per hour for a 40-hour week, and overtime is paid after 40 hours. For additional hours, the employee is paid an overtime rate of $18 per hour. The employee’s time was spent as follows: Regular duties involving cutting out knife handles..................................38 hoursGeneral shop cleanup duties..............................................................................9 hoursIdle time due to power outage..........................................................................1 hour 2. Total cost of wages: $624 Required:1. Calculate the total cost of the employee’s wages during the week described above.2. Determine the portion of this cost to be classified in each of the following categories:a. Direct laborb. Manufacturing overhead (idle time)c. Manufacturing overhead (overtime premium)d.…
- Joel Williams works at Allentown Company where he assembles components for small appliances and earns $16 per hour with "time-an-a-half" for overtime. During the week ended July 25, Joel worked 43 hours as follows: Job XBRL 20.5 hours Job FASB 14.5 hours Idle time due to power outage Machine maintenance 2.0 hours 6.0 hours The amount of Joel's wages that will be charged to the Work in Process account, assuming that the overtime worked was due to a rush order on the FASB job is:Employee A is a carpenter and normally works 36 hours per week. The standard rate of pay is $3.60per hour. A premium of 50% of the basic hourly rate is paid for all overtime hours worked. During thelast week of October, Employee A worked for 42 hours. The overtime hours worked were for thefollowing reasons:Machine breakdown: 4 hoursTo complete a special job at the request of a customer: 2 hoursHow much of Employee A's earnings for the last week of October would have been treated as directwages?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.
- Barcoo Pty Ltd employs five (5) employees in its factory. GALLAGHER spends half his time delivering finished goods for the sales department. Half of the wages are paid by the sales department. All accounts are in a single ledger. The following pay information relates to the week ended 11 June 2010. Each employee normally works a 40 hour week. Any hours in excess of 40 are paid as overtime (at 1½ times the normal hourly rate). The supervisor is paid $20 per hour, and the remaining four employees $16 per hour. The time sheet summary for the week to 8 June 2007 shows: Employee Hours Total Chong Supervision 40 Dashwood Job 01 36 Cleaning 6 42 Edwards Job 01 22 Job 02 20 42 Ftelianos Job 02 28 Sick leave 4 Maintenance 8 40 Gallagher Materials store 40 204…6.Given Manufacturing Company produces a variety of products. The firm operates 24 hours per day with 3 daily work shifts. The first shift worker receive regular pay. The 2nd shift receive 10% pay premium, and the 3rd shift receive 20% premium. In addition, the firm pays overtime premium of 50% based on the pay rate for the 1st shifts. All labor premiums are included in overhead. All overtime were made on the 1st shift. Determine the total amount of labor premiums charged to overhead. Use the data below: 7.The total amount of payroll for the period is *Q4. The following transactions are related to a particular job. You are required to make the necessary journal entries. The materials storeroom receives a shipment of direct and indirect materials that cost SAR 50,000. Materials are sent to the stamping and assembly areas. The cost of the direct materials is SAR 5,600 and the cost of the indirect materials is SAR 3,200. Wages totaling SAR 7,000 are accrued; 60% of these costs are direct labor and 40% are indirect labor. Overhead costs are allocated to work in process using an allocation rate of 250% of direct labor costs. Job no. 25, with a total cost of SAR 8,500 is completed. Job no. 25 is shipped to the customer, who is billed for SAR 15,000.
- V Castro is a factory worker with an hourly rate of P150. During the last week of September, he clocked in 48 regular hours and 2 overtime hours. Over- time is paid at 125%or regular rate. He spent 1.5 hours waiting for materials and the rest were spent on job orders. For the first 3 weeks of September, he earned a total of P20,000. a. From his earnings this week, how much is direct labor? b. Compute for the net take home pay of V Castro. c. Compute for the employee's gross earnings for the week.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 company has the following transactions during the week. Purchase of $1,788 raw materials inventory • Assignment of $920 of raw materials inventory to Job 5 • Payroll for 11 hours with $655 assigned to Job 5 Factory utility bills of $480 • Overhead applied at the rate of $15 per hour What is the cost assigned to Job 5 at the end of the week?