FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Compute Keegan Jordan's earnings using the three methods described above. Assume the rate for Job A is $17.85 per hour and $19.95 per hour for Job B. Of the 44 hours worked during the week, 22 hours were completed for Job A and 22 hours complete for Job B.
Higher Rate for Overtime Hours
Regular Hours, Job A | fill in the blank 5cd3d70a5fc9071_1 | Hourly Rate, Job A | $fill in the blank 5cd3d70a5fc9071_2 | Regular Total Pay, Job A | $ fill in the blank 5cd3d70a5fc9071_3 |
Regular Hours, Job B | fill in the blank 5cd3d70a5fc9071_4 | Hourly Rate, Job B | fill in the blank 5cd3d70a5fc9071_5 | Regular Total Pay, Job B | fill in the blank 5cd3d70a5fc9071_6 |
Overtime Hours | fill in the blank 5cd3d70a5fc9071_7 | Overtime Rate | fill in the blank 5cd3d70a5fc9071_8 | Overtime Total Pay | fill in the blank 5cd3d70a5fc9071_9 |
Total Gross Earnings | $ fill in the blank 5cd3d70a5fc9071_10 |
Based on Actual Hours Worked
Regular Hours, Job A | fill in the blank 5cd3d70a5fc9071_11 | Hourly Rate, Job A | $fill in the blank 5cd3d70a5fc9071_12 | Regular Total Pay, Job A | $ fill in the blank 5cd3d70a5fc9071_13 |
Regular Hours, Job B | fill in the blank 5cd3d70a5fc9071_14 | Hourly Rate, Job B | fill in the blank 5cd3d70a5fc9071_15 | Regular Total Pay, Job B | fill in the blank 5cd3d70a5fc9071_16 |
Overtime Hours | fill in the blank 5cd3d70a5fc9071_17 | Overtime Rate | fill in the blank 5cd3d70a5fc9071_18 | Overtime Total Pay | fill in the blank 5cd3d70a5fc9071_19 |
Total Gross Earnings | $ fill in the blank 5cd3d70a5fc9071_20 |
Rate after 40th Hour
In this scenario, again Keegan worked a total of 44 hours, but the overtime hour(s) can be specifically attributed to Job B.
Regular Hours, Job A | fill in the blank 5cd3d70a5fc9071_21 | Hourly Rate, Job A | $fill in the blank 5cd3d70a5fc9071_22 | Regular Total Pay, Job A | $ fill in the blank 5cd3d70a5fc9071_23 |
Regular Hours, Job B | fill in the blank 5cd3d70a5fc9071_24 | Hourly Rate, Job B | fill in the blank 5cd3d70a5fc9071_25 | Regular Total Pay, Job B | fill in the blank 5cd3d70a5fc9071_26 |
Overtime Hours | fill in the blank 5cd3d70a5fc9071_27 | Overtime Rate | fill in the blank 5cd3d70a5fc9071_28 | Overtime Total Pay | fill in the blank 5cd3d70a5fc9071_29 |
Total Gross Earnings | $ fill in the blank 5cd3d70a5fc9071_30 |
The Extra Mile ?
To use one of the computations outlined above, the hourly rate must be during the same
.
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