4. Peter Senen Corp has the following data for the fourth week of MarchHours WorkedEmplovee Name Hourly Rate Sun Mon TueWedThursFriSatTotalKris90068888854Bryan95087107849Rose7508981053Tess9008108856Jose1,0009871056The rate for hours in excess of 40 is one and half times the regular rate. The rate for hours worked orSunday is twice the regular rate.Required: compute the gross earnings of each employee.

Wages means the amount paid to worker for producing the goods. Time wages rate means where wages are…

Answered: 4. Peter Senen Corp has the following…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

calculating commissions The M7H pays its employees an hourly wage plus commision of 7% of their sales. find gross earnings for each hours worked hourly wage total sales gross earnings adam 37 $5.80 2385 jan 40 $ 5.90 2940.65 pat 29 $5.70 1834.39
9. You are a computer technician for Data Control. You earn a regular hourly rate of $15.40. You earn time and a half for work on Saturdays and double time on Sundays. This week you worked 38 hours from Monday through Friday, 8 hours on Saturday, and 5 hours on Sunday. What is your total pay for the week? HALGERI 40-hour work week. Her for a reguler pay 1or any hours over 40 per
The sales clerks of Teresa's Treasures are paid a salary of $225 per week plus a commission of 8% on all sales they make. Find the amount of commission and gross earnings for these employees. (Round your answers to 2 decimal places. Omit the "S" sign in your response.) Sales for the Week $ 2,392.50 $ 3,480.75 Name Commission Gross Earnings Tina Valendez Jan Yarrow %24 %24
The following data for Throwback Industries Employee Hours Worked Hourly Rate Aaron 46 $68.00 $750 20 Cobb 41 Clemente 48 DiMaggio 35 Griffey, Jr.. 45 Mantle 62.00 70.00 56.00 62.00 $1,800 Robinson 36 54.00 Williams 2,000 Vaughn 42 62.00 537.68 832.64 366.04 Inc. relate to the payroll for the week ended December 9, Weekly Salary Federal Income Tax U.S. Savings Bonds $100 110 120 0 641.84 130 342.45 382.56 398 24 584.72 120 130 125 50 Employees Mantle and Williams are office staff, and all of the other employees are sales personnel All sales personnel are paid times the regular rate for all hours in excess of 40 hours per week. The social security tax rate is 6.0%, and Medicare tax is 1.5% of each employee's annual earnings. The next payroll check to be used is No. 901. Instructions 1. Prepare a payroll summary for Throwback Industries Inc. for the week ended December 9. Round all calculations to the nearest cent. Use the following columns: Employee, Total Hours, Regular Earnings,…
What is the answer in number 14 letter d and e?~ ( 14 has the continuation in the second page)
Total Cost FormulaDavis Company has analyzed its overhead costs and derived a general formula for their behavior: $55,000 + $14 per direct labor hour employed. The company expects to use 50,000 direct labor hours during the next accounting period. What overhead rate per direct labor hour should be applied to jobs worked during the period? Round answer to two decimal places. Overhead rate per direct labor hour $_________
The accountant for Barry Ltd compares each month’s actual results with a monthly plan. The standarddirect labor rates and the standard hours allowed, given the actual output in April, are shown in thefollowing schedule:Standard direct labor rate per hour Standard direct labor hours allowed,given April outputLabour class III $26.00 1,000Labour class II $22.00 1,000Labour class I $12.00 1,000A new union contract negotiated in March resulted in actual wage rates that differed from thestandard rates. The actual direct labor hours worked and the actual direct labor rates per hour forApril was as follows.Actual direct labor rate per hour Actual direct labor hoursLabour class III $28.00 1,100Labour class II $23.00 1,300Labour class I $14.00 750Required:a) Calculate the following variances for April, indicating whether each is favorable or unfavorable:I direct labor rate variance for each labor class.ii direct labor efficiency variance for each labor class.b) Discuss two advantages and two…
Q2: According to the December payroll register ABC Co's working hours for each cost center are as follows: Overtime Working Hour 1100 h. Department Nomal Working TIT Number of Working Days 22 days 22 days 22 days 22 days Workers 25 15 Hour Knitting Coloring Generator Infirmary 4.400 h. 2.640 h. 330 h. 880 h. 10 1.760 h. ABC Co's normal working hours is 8 hours in a day and normal rate is 10 TL. Overtime rate is up to 9 hours normal rate, over 9 hours in a day is 12 TL. Employer's Share of Social Security Premium is TL 3.872 TL, Employee's Social Security Premium is TL 2.400 and income tax is TL 3.900. The Employer's Share of Social Security Premium will be allocated on the base of nomal working hour. Required:Detemine the direct and indirect labor cost and allocate the labor costto each cost center.
1: Carpets 'r Us pays its employees 24 times each year. Its workweek is based on activity level and varies from week to week, but never exceeds a seven-day period. Туре of pay period? A. O Weekly В. BiWeekly C. Semimonthly D. O Monthly Indicate whether the specified workweek is FLSA compliant or noncompliant. A. Compliant B. O Noncompliant 2: Flagpole Enterprises distributes paychecks to employees every other week on Friday afternoon. These pay dates fall exactly seven days after the end of every pay period. The workweek begins Monday at 8:00 a.m. and ends Friday afternoon at 6:00 p.m. Туре of pay period? A. O Weekly В. BiWeekly С. Semimonthly D. O Monthly Indicate whether the specified workweek is FLSA compliant or noncompliant. A. Compliant В. Noncompliant
Journal Entries, T-Accounts Lincoln Brothers Company makes jobs to customer order. During the month of May, the following occurred: a. Materials were purchased on account for $45,760. b. Materials totaling $40,880 were requisitioned for use in producing various jobs. c. Direct labor payroll for the month was $19,200 with an average wage of $12 per hour. d. Actual overhead of $8,860 was incurred and paid in cash. e. Manufacturing overhead is charged to production at the rate of $5.40 per direct labor hour. f. Completed jobs costing $59,000 were transferred to Finished Goods. g. Jobs costing $58,000 were sold on account for $ 73,850. Make the entry to record the revenue from the sale first, followed by the entry to record the cost of the jobs. Beginning balances as of May 1 were: Materials Inventory Work-in-Process Inventory Finished Goods Inventory Required: $1,300 3,400 2,640 1 more notification 1. Prepare the journal entries for the preceding events.
A company has the following transactions during the week. Purchase of $900 raw materials inventory Assignment of $400 of raw materials inventory to Job 5 Payroll for 15 hours with $600 assigned to Job 5 Factory utility bills of $740 Overhead applied at the rate of $9 per hour What is the cost assigned to Job 5 at the end of the week?
The following is the basic payroll date for week 2 of department X of Arshad manufacturing. Arshad manufacturing limited operates a badge costing system .overtime is paid at a time and a half overtimes is used as a means or increasing the output however 20% of the overtime for direct and indirect workers was incurred at the specific request of a customers who required an order to be completed quickly. Assignment / Class activity Department XYZ Direct Worker Indirect workers Basic Rate per hour 1.8 currency 1.2 Total attendance time 960 hours 420 overtime worked 120 hours 48 Shift premium 180 60 group bonus 192 84 Employers EPF contributions 150 66 Employees decustions - Income tax 300 120 EPF 90 42 A breakdown of the direct workers times from returned work shown…

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS