4 If Joana daily rate is P6,485, compute her overtime pay rate when the overtime work is performed cach of the following days. Overtime Pay Day When Overtime is Performed a Rest day, night shift, between 10.00 PM and 6 00 AM b Special holiday c. Rest day, beyond &hours 4 Repular, beyond nomal working hours Replar ighe it beween 1000 PM and 6 00 AM Special hdley, beyond houn &Legal holiday and rest day, night shift A Legal holiday, night shit Special holiday and rest day, beyond 8 hours Legal holiday and rest day, beyond 8 hers & Legal holiday, beyond 8 hours Special heliday and rest day m. Legal holiday and night shift n Special holiday and rest day, night shift . Special holiday night shifn, between 10:00 PM and 6:00 AM Note: Refer to the formula below. Day When Overtime Is Performed Regular, beyond nomal working hours (plus 25% of hourly rate) Regular night shift, between 10:00 PM and 6:00 AM (plus 10%) Rest day (plus 30%) Rest day, beyond 8 hours (plus 30%) Overtime Pay Hourly Ratex 125 x Number of Hours Hourly Rate x1.25 x 1.10 Hourly Ratex 1.375 x Number of Hours Hourly Rate x 1.30 Hourly Rate x 1.30x Number of Hours Hourly Rate x 1.30 x 1.30-Hourly Rate x 1.69x Number of Hours Hourly Rate x .30 x 1.30 1.10 Hourly Rate x L859 x Number of Hours Hourly Rate x1.30- Hourly Rate x 1.30 x Number of Rest day night shift, betwoen 10.00 PM and 6:00 AM (plus 10%) Special holiday (plus 30%) Hours Special holiday, beyond 8 hours (plus 30%) Hourly Rate x 1.30 1.30-Hourly Rate x 1.69 x Number of Hours Special holiday night shift, between 10:00 PM and Hourly Rate x 1.30 x 1.30 x 1.10-Hourly Rate x 1.859 x 6:00 AM (plus 10) Special holiday and rest day (plus 50%) Number of Hours Hourly Rate x 1.50- Hourly Rate x 1.50x Number of Hours
4 If Joana daily rate is P6,485, compute her overtime pay rate when the overtime work is performed cach of the following days. Overtime Pay Day When Overtime is Performed a Rest day, night shift, between 10.00 PM and 6 00 AM b Special holiday c. Rest day, beyond &hours 4 Repular, beyond nomal working hours Replar ighe it beween 1000 PM and 6 00 AM Special hdley, beyond houn &Legal holiday and rest day, night shift A Legal holiday, night shit Special holiday and rest day, beyond 8 hours Legal holiday and rest day, beyond 8 hers & Legal holiday, beyond 8 hours Special heliday and rest day m. Legal holiday and night shift n Special holiday and rest day, night shift . Special holiday night shifn, between 10:00 PM and 6:00 AM Note: Refer to the formula below. Day When Overtime Is Performed Regular, beyond nomal working hours (plus 25% of hourly rate) Regular night shift, between 10:00 PM and 6:00 AM (plus 10%) Rest day (plus 30%) Rest day, beyond 8 hours (plus 30%) Overtime Pay Hourly Ratex 125 x Number of Hours Hourly Rate x1.25 x 1.10 Hourly Ratex 1.375 x Number of Hours Hourly Rate x 1.30 Hourly Rate x 1.30x Number of Hours Hourly Rate x 1.30 x 1.30-Hourly Rate x 1.69x Number of Hours Hourly Rate x .30 x 1.30 1.10 Hourly Rate x L859 x Number of Hours Hourly Rate x1.30- Hourly Rate x 1.30 x Number of Rest day night shift, betwoen 10.00 PM and 6:00 AM (plus 10%) Special holiday (plus 30%) Hours Special holiday, beyond 8 hours (plus 30%) Hourly Rate x 1.30 1.30-Hourly Rate x 1.69 x Number of Hours Special holiday night shift, between 10:00 PM and Hourly Rate x 1.30 x 1.30 x 1.10-Hourly Rate x 1.859 x 6:00 AM (plus 10) Special holiday and rest day (plus 50%) Number of Hours Hourly Rate x 1.50- Hourly Rate x 1.50x Number of Hours
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Transcribed Image Text:4. If Joana daily rate is P6,485, compute her overtime pay rate when the overtime work is performed
cach of the following days
Overtime Pay
Day When Overtime is Performed
a Rest day, night shift, between 10:00 PM
and 6:00 AM
b. Special holiday
C. Rest day, beyond 8 hours
4 Repular, beyond nomal working houn
Replar ighe it between 1000 PM
and 6 00 AM
Special holidey, beyond hour
E Legal holiday and rest day, night shift
Nireet
h Legal holiday, night shin
1 Special holiday and rest day, beyond 8
hours
J Legal holiday and rest day, beyond 8
hours
E Legal holiday, beyond 8 hours
1 Special holiday and rest day
m. Legal holiday and night shift
n Special holiday and rest day, night shift
a Special holiday night shift, between
10:00 PM and 6:00 AM
Note: Refer to the formula below.
Day When Overtime Is Performed
Regular, beyond nomal working hours (plus 25%
of hourly rate)
Regular night shift, between 10:00 PM and 6:00
AM (plus 10%)
Rest day (plus 30%)
Rest day, beyond 8 hours (plus 30%)
Overtime Pay
Hourly Rate x 1.25 x Number of Hours
Hourly Rate x 1.25 x 1.10 Hourly Ratex 1375 x Number
of Hours
Rest day night shift, betwoen 10.00 PM and 6:00
AM (plus 106)
Special holiday (plus 30%)
Hourly Rate x 1.30 Hourly Rate x1.30x Number of Hours
Hourly Rate x 1.30 x 1.30-Hourly
Rate x 1.69x Number of Hours
Hourly Rate x 1.30 x 1.30 1I.10
Hourly Rate x 1L859 x Number of Hours
Hourly Rate xl30- Hourly Rate x 1.30 x Number of
Hours
Hourly Rate x .30 - 1.30- Hourly Rate x 1.69 x Number
of Hours
Special holiday, beyond 8 hours (plus 30%)
Special holiday night shift, between 10:00 PM and Hourly Rate x 1.30 x 1.30 x 1.10- Hourly Rate x 1.859 x.
6:00 AM (plus 10%)
Special holiday and rest day (plus 50%)
Number of Hours
Hourly Rate x 1.50- Hourly Rate x 1.50x Number of
Hours
Transcribed Image Text:Special holiday and rest day, beyond 8 hours (plus Hourly Rate x 1.50 x 1.30 = Hourly Rate x 1.95 x Number
50%)
Special holiday and rest day, night shift (plus 10%) Hourly Rate x 1.50 x 1.30 x 1.10 = Hourly Rate x 2.145 x
of Hours
Number of Hours
Legal holiday, beyond 8 hours (200% plus 30%)
Hourly Rate x 2.00 x 1.30 Hourly Rate x 2.60 x Number
of Hours
Hourly Rate x 2.00 x 1.30 x 1.10 Hourly Rate x 2.86 x
Legal holiday, night shift (plus 10%)
Number of Hours
Hourly Rate x 2.00 x 1.30 = Hourly Rate x 2.60 x Number
Legal holiday and rest day (plus 30%)
of Hours
Hourly Rate x 2.00 x 1.30 x 1.30 = Hourly Rate x 3.38 x
Legal holiday and rest day, beyond 8 hours (plus
30%)
Number of Hours
Hourdy Rate x 2.00 x 1.30 x 1.30 x 1.10 Hourly Rate x
3.718 x Number of Hours
Legal holiday and rest day, night shift (plus 10%)
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