FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question

Ashvin 

Gail Richter worked the following schedule: Monday, 7 hours 42 minutes, Tuesday, 8 hours 23 minutes, Wednesday, 9 hours 28 minutes, Thursday, 8 hours 12 minutes, Friday, 8 hours 6 minutes. The employer pays overtime in accordance with FLSA regulations Required: Determine Gail's total time worked according to the (a) quarter-hour method and (b) the hundredth-hour method. Which is the more favorable method for Gail, quarter-hour or hundredth-hour? (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Gail Richter Quarter-Hour Time 49.50 hours Hundredth Hour Time hours More Favorable Method Quarter-hour
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Transcribed Image Text:Gail Richter worked the following schedule: Monday, 7 hours 42 minutes, Tuesday, 8 hours 23 minutes, Wednesday, 9 hours 28 minutes, Thursday, 8 hours 12 minutes, Friday, 8 hours 6 minutes. The employer pays overtime in accordance with FLSA regulations Required: Determine Gail's total time worked according to the (a) quarter-hour method and (b) the hundredth-hour method. Which is the more favorable method for Gail, quarter-hour or hundredth-hour? (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Gail Richter Quarter-Hour Time 49.50 hours Hundredth Hour Time hours More Favorable Method Quarter-hour
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