Answered: No. 160 Hr. Rate $10.45 Name Sue Ellen…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Kyle Forman worked 47 hours during the week for Erickson Company at two different jobs. His pay rate was $14.00
for the first 40 hours, and his pay rate was $11.80 for the other 7 hours. Determine his gross pay for that week if the
company uses the one-half average rate method.
a. Gross pay ........................................................................................................................ $
b. If prior agreement existed that overtime would be paid at the rate for the job
performed after the 40th hour, the gross pay would be ................................................... $

No.
160
Hr. Rate $10.45
Name Sue Ellen Boggs
O.T. Rate $15.675
Time Mon Tues Wed Thurs Fri Sat
2002 2001 2005 2000
1801 1809 1802 1800
1630 1631 1630 1635
1230 1231 1230 1238
1200 1202 1200 1203 1201
Total for
755 750 813 759 800
Week
|Daily (a)
Totals
(b)
Remarks /3 minutia late
Thuroday
-deduct 4 hr.
Morning Afternoon Evening
In Out In Out In Out

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