Kipley Company is a small manufacturing firm located in Pittsburgh, Pennsylvania. The company has a workforce of both hourly and salaried employees. Each employee is paid for hours actually worked during each week, with the time worked being recorded in quarter-hour increments. The standard workweek consists of 40 hours, with all employees being paid time and one-half for any hours worked beyond the 40 regular hours. Requirement:Record the regular hours and the overtime hours worked for each employee, using the time clerk's report as your reference.Complete the Regular Earnings columns (Rate per Hour and Amount) for hourly employees. For only hourly employees that worked overtime, complete the Overtime Earnings columns (Rate per Hour and Amount).For salaried workers, complete the Regular Earnings column and show the hourly overtime rate and earnings only if overtime was worked.Record the Total Earnings for each employee by adding the Regular Earnings and the Overtime Earnings.Payroll RegisterThis is the first task to completing Kipley Company's payroll register. Complete the steps outlined below:Record the regular hours and the overtime hours worked for each employee, using the time clerk's report as your reference.Complete the Regular Earnings columns (Rate per Hour and Amount) for hourly employees. For only hourly employees that worked overtime, complete the Overtime Earnings columns (Rate per Hour and Amount).For salaried workers, complete the Regular Earnings column and show the hourly overtime rate and earnings only if overtime was worked.Record the Total Earnings for each employee by adding the Regular Earnings and the Overtime Earnings.If an amount box does not require an entry, leave it blank or enter "0". If required, round your intermediate calculations to the nearest cent and use the rounded amounts in subsequent computations. Round fraction values to the nearest two decimal places, e.g. 1 1/2 to 1.50.KIPLEY COMPANY, INC.Employee Payroll RegisterFor Period Ending January 8, 20 -- Regular EarningsOvertime Earnings Time CardNo.NameFilingStatusNo. W/H Allow.Hours WorkedRate per HourAmountHours WorkedRate per HourAmountTotal Earnings11Carson, F.SN/Afill in the blank ca57b8fb4067fd2_1$fill in the blank ca57b8fb4067fd2_2$fill in the blank ca57b8fb4067fd2_3fill in the blank ca57b8fb4067fd2_4$fill in the blank ca57b8fb4067fd2_5$fill in the blank ca57b8fb4067fd2_6$fill in the blank ca57b8fb4067fd2_712Wilson, W.SN/Afill in the blank ca57b8fb4067fd2_8fill in the blank ca57b8fb4067fd2_9fill in the blank ca57b8fb4067fd2_10fill in the blank ca57b8fb4067fd2_11fill in the blank ca57b8fb4067fd2_12fill in the blank ca57b8fb4067fd2_13fill in the blank ca57b8fb4067fd2_1413Utley, H.MFJN/Afill in the blank ca57b8fb4067fd2_15fill in the blank ca57b8fb4067fd2_16fill in the blank ca57b8fb4067fd2_17fill in the blank ca57b8fb4067fd2_18fill in the blank ca57b8fb4067fd2_19fill in the blank ca57b8fb4067fd2_20fill in the blank ca57b8fb4067fd2_2121Fife, L.MFJN/Afill in the blank ca57b8fb4067fd2_22fill in the blank ca57b8fb4067fd2_23fill in the blank ca57b8fb4067fd2_24fill in the blank ca57b8fb4067fd2_25fill in the blank ca57b8fb4067fd2_26fill in the blank ca57b8fb4067fd2_27fill in the blank ca57b8fb4067fd2_2822Smith, L.SN/Afill in the blank ca57b8fb4067fd2_29fill in the blank ca57b8fb4067fd2_30fill in the blank ca57b8fb4067fd2_31fill in the blank ca57b8fb4067fd2_32fill in the blank ca57b8fb4067fd2_33fill in the blank ca57b8fb4067fd2_34fill in the blank ca57b8fb4067fd2_3531Fay, G.MFJN/Afill in the blank ca57b8fb4067fd2_36………fill in the blank ca57b8fb4067fd2_37fill in the blank ca57b8fb4067fd2_38fill in the blank ca57b8fb4067fd2_39fill in the blank ca57b8fb4067fd2_40fill in the blank ca57b8fb4067fd2_4132Robey, G.MFJN/Afill in the blank ca57b8fb4067fd2_42………fill in the blank ca57b8fb4067fd2_43fill in the blank ca57b8fb4067fd2_44fill in the blank ca57b8fb4067fd2_45fill in the blank ca57b8fb4067fd2_46fill in the blank ca57b8fb4067fd2_4733Schork, T.SN/Afill in the blank ca57b8fb4067fd2_48………fill in the blank ca57b8fb4067fd2_49fill in the blank ca57b8fb4067fd2_50fill in the blank ca57b8fb4067fd2_51fill in the blank ca57b8fb4067fd2_52fill in the blank ca57b8fb4067fd2_5351Hardy, B.MFJN/Afill in the blank ca57b8fb4067fd2_54………fill in the blank ca57b8fb4067fd2_55fill in the blank ca57b8fb4067fd2_56fill in the blank ca57b8fb4067fd2_57fill in the blank ca57b8fb4067fd2_58fill in the blank ca57b8fb4067fd2_5999Kipley, C.MFJN/Afill in the blank ca57b8fb4067fd2_60………fill in the blank ca57b8fb4067fd2_61fill in the blank ca57b8fb4067fd2_62fill in the blank ca57b8fb4067fd2_63fill in the blank ca57b8fb4067fd2_64fill in the blank ca57b8fb4067fd2_65Totals$fill in the blank ca57b8fb4067fd2_66………………$fill in the blank ca57b8fb4067fd2_67$fill in the blank ca57b8fb4067fd2_68 TIME CLERK'S REPORT NO. 1For Period Ending January 8, 20--Time RecordTimeTimeEmployeeWorked*LostMWFS11Fran M. Carson888.884012William A. Wilson88.884813Harry T. Utley8528.8.837222 hrs. tardy21Lawrence R. Fife101088104622Lucy K. Smith888.8.84031Gretchen R. Fay88.8.8.81441432Glenda B. Robey8.88884033Thomas K. Schork888884051Barbara T. Hardy88.8.8.8.44499Carson C. Kipley8888840 Kipley's Hourly Wage/Salary Report is provided below, listing each employee's assigned time card number as well as their individual hourlyrate or salary.Time Card No.Employee Name Hourly Wage or Salary11Fran M. Carson$17.50 per hour12William A. Wilson17.25 per hour13Harry T. Utley18.10 per hour21Lawrence R. Fife17.90 per hour22Lucy K. Smith19.75 per hour31Gretchen R. Fay515 per week32Glenda B. Robey2,700 per month33Thomas K. Schork3,350 per month51Barbara T. Hardy2,510 per month99Carson C. Kipley52,000 per year

Salary per week of salaried employee = salary mer month /4 salary per hour of salaried employee =…

Kipley Company is a small manufacturing firm located in Pittsburgh, Pennsylvania. The company has a workforce of both hourly and salaried employees. Each employee is paid for hours actually worked during each week, with the time worked being recorded in quarter-hour increments. The standard workweek consists of 40 hours, with all employees being paid time and one-half for any hours worked beyond the 40 regular hours. Requirement: Record the regular hours and the overtime hours worked for each employee, using the time clerk's report as your reference. Complete the Regular Earnings columns (Rate per Hour and Amount) for hourly employees. For only hourly employees that worked overtime, complete the Overtime Earnings columns (Rate per Hour and Amount). For salaried workers, complete the Regular Earnings column and show the hourly overtime rate and earnings only if overtime was worked. Record the Total Earnings for each employee by adding the Regular Earnings and the Overtime Earnings. Payroll Register This is the first task to completing Kipley Company's payroll register. Complete the steps outlined below: Record the regular hours and the overtime hours worked for each employee, using the time clerk's report as your reference. Complete the Regular Earnings columns (Rate per Hour and Amount) for hourly employees. For only hourly employees that worked overtime, complete the Overtime Earnings columns (Rate per Hour and Amount). For salaried workers, complete the Regular Earnings column and show the hourly overtime rate and earnings only if overtime was worked. Record the Total Earnings for each employee by adding the Regular Earnings and the Overtime Earnings.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Payroll Register

This is the first task to completing Kipley Company's payroll register. Complete the steps outlined below:

Record the regular hours and the overtime hours worked for each employee, using the time clerk's report as your reference.
Complete the Regular Earnings columns (Rate per Hour and Amount) for hourly employees. For only hourly employees that worked overtime, complete the Overtime Earnings columns (Rate per Hour and Amount).
For salaried workers, complete the Regular Earnings column and show the hourly overtime rate and earnings only if overtime was worked.
Record the Total Earnings for each employee by adding the Regular Earnings and the Overtime Earnings.

If an amount box does not require an entry, leave it blank or enter "0". If required, round your intermediate calculations to the nearest cent and use the rounded amounts in subsequent computations. Round fraction values to the nearest two decimal places, e.g. 1 1/2 to 1.50.

Time Card No.	Name	Filing Status	No. W/H Allow.	Hours Worked	Rate per Hour	Amount	Hours Worked	Rate per Hour	Amount	Total Earnings
KIPLEY COMPANY, INC. Employee Payroll Register For Period Ending January 8, 20 --
				Regular Earnings	Overtime Earnings
11	Carson, F.	S	N/A	fill in the blank ca57b8fb4067fd2_1	$fill in the blank ca57b8fb4067fd2_2	$fill in the blank ca57b8fb4067fd2_3	fill in the blank ca57b8fb4067fd2_4	$fill in the blank ca57b8fb4067fd2_5	$fill in the blank ca57b8fb4067fd2_6	$fill in the blank ca57b8fb4067fd2_7
12	Wilson, W.	S	N/A	fill in the blank ca57b8fb4067fd2_8	fill in the blank ca57b8fb4067fd2_9	fill in the blank ca57b8fb4067fd2_10	fill in the blank ca57b8fb4067fd2_11	fill in the blank ca57b8fb4067fd2_12	fill in the blank ca57b8fb4067fd2_13	fill in the blank ca57b8fb4067fd2_14
13	Utley, H.	MFJ	N/A	fill in the blank ca57b8fb4067fd2_15	fill in the blank ca57b8fb4067fd2_16	fill in the blank ca57b8fb4067fd2_17	fill in the blank ca57b8fb4067fd2_18	fill in the blank ca57b8fb4067fd2_19	fill in the blank ca57b8fb4067fd2_20	fill in the blank ca57b8fb4067fd2_21
21	Fife, L.	MFJ	N/A	fill in the blank ca57b8fb4067fd2_22	fill in the blank ca57b8fb4067fd2_23	fill in the blank ca57b8fb4067fd2_24	fill in the blank ca57b8fb4067fd2_25	fill in the blank ca57b8fb4067fd2_26	fill in the blank ca57b8fb4067fd2_27	fill in the blank ca57b8fb4067fd2_28
22	Smith, L.	S	N/A	fill in the blank ca57b8fb4067fd2_29	fill in the blank ca57b8fb4067fd2_30	fill in the blank ca57b8fb4067fd2_31	fill in the blank ca57b8fb4067fd2_32	fill in the blank ca57b8fb4067fd2_33	fill in the blank ca57b8fb4067fd2_34	fill in the blank ca57b8fb4067fd2_35
31	Fay, G.	MFJ	N/A	fill in the blank ca57b8fb4067fd2_36	………	fill in the blank ca57b8fb4067fd2_37	fill in the blank ca57b8fb4067fd2_38	fill in the blank ca57b8fb4067fd2_39	fill in the blank ca57b8fb4067fd2_40	fill in the blank ca57b8fb4067fd2_41
32	Robey, G.	MFJ	N/A	fill in the blank ca57b8fb4067fd2_42	………	fill in the blank ca57b8fb4067fd2_43	fill in the blank ca57b8fb4067fd2_44	fill in the blank ca57b8fb4067fd2_45	fill in the blank ca57b8fb4067fd2_46	fill in the blank ca57b8fb4067fd2_47
33	Schork, T.	S	N/A	fill in the blank ca57b8fb4067fd2_48	………	fill in the blank ca57b8fb4067fd2_49	fill in the blank ca57b8fb4067fd2_50	fill in the blank ca57b8fb4067fd2_51	fill in the blank ca57b8fb4067fd2_52	fill in the blank ca57b8fb4067fd2_53
51	Hardy, B.	MFJ	N/A	fill in the blank ca57b8fb4067fd2_54	………	fill in the blank ca57b8fb4067fd2_55	fill in the blank ca57b8fb4067fd2_56	fill in the blank ca57b8fb4067fd2_57	fill in the blank ca57b8fb4067fd2_58	fill in the blank ca57b8fb4067fd2_59
99	Kipley, C.	MFJ	N/A	fill in the blank ca57b8fb4067fd2_60	………	fill in the blank ca57b8fb4067fd2_61	fill in the blank ca57b8fb4067fd2_62	fill in the blank ca57b8fb4067fd2_63	fill in the blank ca57b8fb4067fd2_64	fill in the blank ca57b8fb4067fd2_65
Totals	$fill in the blank ca57b8fb4067fd2_66	………	………	$fill in the blank ca57b8fb4067fd2_67	$fill in the blank ca57b8fb4067fd2_68

TIME CLERK'S REPORT NO. 1
For Period Ending January 8, 20--
Time Record
Time
Time
Employee
Worked*
Lost
M
W
F
S
11
Fran M. Carson
8
8
8.
8
8
40
12
William A. Wilson
8
8.
8
8
48
13
Harry T. Utley
8
52
8.
8.
8
372
22 hrs. tardy
21
Lawrence R. Fife
10
10
8
8
10
46
22
Lucy K. Smith
8
8
8.
8.
8
40
31
Gretchen R. Fay
8
8.
8.
8.
8
14
414
32
Glenda B. Robey
8.
8
8
8
8
40
33
Thomas K. Schork
8
8
8
8
8
40
51
Barbara T. Hardy
8
8.
8.
8.
8.
4
44
99
Carson C. Kipley
8
8
8
8
8
40

Kipley's Hourly Wage/Salary Report is provided below, listing each employee's assigned time card number as well as their individual hourly
rate or salary.
Time Card No.
Employee Name Hourly Wage or Salary
11
Fran M. Carson
$17.50 per hour
12
William A. Wilson
17.25 per hour
13
Harry T. Utley
18.10 per hour
21
Lawrence R. Fife
17.90 per hour
22
Lucy K. Smith
19.75 per hour
31
Gretchen R. Fay
515 per week
32
Glenda B. Robey
2,700 per month
33
Thomas K. Schork
3,350 per month
51
Barbara T. Hardy
2,510 per month
99
Carson C. Kipley
52,000 per year

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