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Create a time card for Bill Brown, employee number 145, for the pay period ending on August 31 (use the current year). Fill in the employee and pay period information. Calculate the regular and overtime hours worked for each day. Some are done for you. Calculate the total regular and overtime hours. Calculate the earnings for this pay period. Overtime is paid at one and a half times his regular rate.   The image showing steps is an example.

Create a time card for Bill Brown, employee number 145, for the pay period ending on August 31 (use the current year). Fill in the employee and pay period information. Calculate the regular and overtime hours worked for each day. Some are done for you. Calculate the total regular and overtime hours. Calculate the earnings for this pay period. Overtime is paid at one and a half times his regular rate.   The image showing steps is an example.

FINANCIAL ACCOUNTING
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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  1. Create a time card for Bill Brown, employee number 145, for the pay period ending on August 31 (use the current year).
  2. Fill in the employee and pay period information.
  3. Calculate the regular and overtime hours worked for each day. Some are done for you.
  4. Calculate the total regular and overtime hours.
  5. Calculate the earnings for this pay period. Overtime is paid at one and a half times his regular rate.

 

The image showing steps is an example.

### B & C Sporting Goods Timecard Explanation This timecard records the working hours of an employee over a two-week period at B & C Sporting Goods. Below is a detailed breakdown of the components included in the timecard: #### Timecard Components: 1. **Employee Details:** - **Employee No.:** Not entered - **Name:** Not entered - **Pay Period Ended:** Not entered 2. **Work Schedule:** - Columns for each day include time slots divided into 'Morning,' 'Afternoon,' and 'Overtime.' 3. **Date Column:** - Lists the dates from August 17 to August 31. 4. **Time Columns:** - **IN/OUT Times:** Recorded for morning, afternoon, and overtime periods. 5. **Hours Columns:** - **REG (Regular):** Total regular hours worked. - **OT (Overtime):** Overtime hours worked. 6. **Hourly Rate and Earnings:** - **Rate:** Regular hourly rate is $16.00. - **Amount:** To be calculated based on hours worked. #### Detailed Breakdown of Work Hours: - **17-Aug:** Worked from 7:58 to 12:01, and 1:00 to 5:02 (8 hours regular). - **18-Aug:** Worked from 7:58 to 11:59, 1:05 to 5:06, and 5:28 to 7:59 (8 regular, 2.5 overtime hours). - **19-Aug:** Worked from 7:56 to 12:04, and 1:04 to 5:02 (8 hours regular). - **20-Aug:** Worked from 7:58 to 12:06, 1:06 to 5:02, and 5:28 to 8:56 (8 regular, 3.5 overtime hours). - **21-Aug:** Worked from 8:00 to 12:01, 12:59 to 5:00, and 6:00 to 9:02 (8 regular, 3 overtime hours). - **24-Aug:** Worked from 8:01 to 11:59, and 1:00 to 5:00 (8 hours regular). - **25-Aug:** Worked from 8:02 to 11:59, and 12:
Transcribed Image Text:### B & C Sporting Goods Timecard Explanation This timecard records the working hours of an employee over a two-week period at B & C Sporting Goods. Below is a detailed breakdown of the components included in the timecard: #### Timecard Components: 1. **Employee Details:** - **Employee No.:** Not entered - **Name:** Not entered - **Pay Period Ended:** Not entered 2. **Work Schedule:** - Columns for each day include time slots divided into 'Morning,' 'Afternoon,' and 'Overtime.' 3. **Date Column:** - Lists the dates from August 17 to August 31. 4. **Time Columns:** - **IN/OUT Times:** Recorded for morning, afternoon, and overtime periods. 5. **Hours Columns:** - **REG (Regular):** Total regular hours worked. - **OT (Overtime):** Overtime hours worked. 6. **Hourly Rate and Earnings:** - **Rate:** Regular hourly rate is $16.00. - **Amount:** To be calculated based on hours worked. #### Detailed Breakdown of Work Hours: - **17-Aug:** Worked from 7:58 to 12:01, and 1:00 to 5:02 (8 hours regular). - **18-Aug:** Worked from 7:58 to 11:59, 1:05 to 5:06, and 5:28 to 7:59 (8 regular, 2.5 overtime hours). - **19-Aug:** Worked from 7:56 to 12:04, and 1:04 to 5:02 (8 hours regular). - **20-Aug:** Worked from 7:58 to 12:06, 1:06 to 5:02, and 5:28 to 8:56 (8 regular, 3.5 overtime hours). - **21-Aug:** Worked from 8:00 to 12:01, 12:59 to 5:00, and 6:00 to 9:02 (8 regular, 3 overtime hours). - **24-Aug:** Worked from 8:01 to 11:59, and 1:00 to 5:00 (8 hours regular). - **25-Aug:** Worked from 8:02 to 11:59, and 12:
**B & C SPORTING GOODS -- TIME CARD** - **Employee No.**: 23 - **Name**: Doug Rogers - **Pay Period Ended**: May 31, 20xx | DATE | Morning | | Afternoon | | Overtime | | Hours | |---------|---------|-------------|-----------|----------|----------|----|-----------| | | IN | OUT | IN | OUT | IN | OUT| REG | OT | | 17-May | 7:56 | 12:01 | 1:02 | 4:59 | | | 8 | ### To Calculate the Hours Worked: #### Step 1 **Departure time** - **Arrival time** = **Hours Worked** 12:01 - 7:56 = 4:05 0:05 minutes rounds down to 0, so there are **4 hours** worked in the a.m. #### Step 2 4:59 - 1:02 = 3:57 0:57 minutes rounds up 1 hour, so there are **4 hours** worked in the p.m. #### Step 3 Hours worked = **4 hours** + **4 hours** = **8 hours**
Transcribed Image Text:**B & C SPORTING GOODS -- TIME CARD** - **Employee No.**: 23 - **Name**: Doug Rogers - **Pay Period Ended**: May 31, 20xx | DATE | Morning | | Afternoon | | Overtime | | Hours | |---------|---------|-------------|-----------|----------|----------|----|-----------| | | IN | OUT | IN | OUT | IN | OUT| REG | OT | | 17-May | 7:56 | 12:01 | 1:02 | 4:59 | | | 8 | ### To Calculate the Hours Worked: #### Step 1 **Departure time** - **Arrival time** = **Hours Worked** 12:01 - 7:56 = 4:05 0:05 minutes rounds down to 0, so there are **4 hours** worked in the a.m. #### Step 2 4:59 - 1:02 = 3:57 0:57 minutes rounds up 1 hour, so there are **4 hours** worked in the p.m. #### Step 3 Hours worked = **4 hours** + **4 hours** = **8 hours**
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