Marrell is employed on the assembly line of a manufacturing company where she assembles acomponent part for one of the company's products. She is paid P16 per hour for regular time and timeand a half for all work in excess of 40 hours per week. Marrell works 50 hours in a given week but isidle for 4 hours during the week due to equipment breakdowns. The allocation of Marrell's wages forthe week for direct labor is:

Wages paid for idle time due to breakdown of equipment is an abnormal loss charged to Profit &…

Answered: Marrell is employed on the assembly…

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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6. Compute gross wages due to each employee under federal wage-hour law: а. Nona is a salaried employee and is paid $900 for a 32-hour workweek. One week, she works 40 hours. b. Sal is normally paid $600 for a 40-hour workweek. One week, he works 45 hours.
Lawrence Lippart is a line worker in the assembly department of Myers Manufacturing. He normally earns $18 per hour, but gets time and a half ($27 per hour) for overtime, over 40 hours per week. He earns double time if he works holidays even if he has not worked 40 hours that week. Sometimes the assembly-line equipment goes down and Lawrence has to wait for the mechanics to repair the equipment or there is a scheduling mix-up. Lawrence is paid for this time and Myers considers this idle time. In May, Lawrence worked two 43-hour weeks, one 44 hour week, and the last week he worked 40 hours, but one of those days was a national holiday. During regular hours, the assembly-line equipment was down 4.2 hours in May, and Lawrence had two hours of idle time because of a scheduling mix-up. Requirements 1. Calculate (a) direct manufacturing labour, (b) idle time, (c) overtime holiday premium, and (d) total earnings for Lawrence in May. (Round your answers to the nearest cent.) 2. Is idle time…
A regular work week is 40 hours over. Overtime pay is time and one-half. Terry is a word-processor operator. He makes $11.50 an hour. Determine his gross for a week if he worked 52 hours.
Morris Lann works for Talbert Electronics. He is a shared employee; he works in the manufacturing department and has been trained to work the sales counter when needed. He was asked to work the sales counter for two days, five hours each day during other employees' vacations. When he works in the manufacturing department, he earns $16.50 per hour. Morris earns a $2.50 pay differential for working the sales counter. He worked a total of 39 hours and 30 minutes during the week. Morris is married filing joint with no dependents. Compute Morris’s pay for the week ending August 20 using the hundredth-hour system. (Do not round intermediate calculations. Round your final answers to 2 decimal places.)
Erika works for Metcalf Meats in Connecticut, where the prevailing state minimum wage = $10.10/hour. In a 38-hour workweek, Erika's gross pay mu a. $383.80 b. $290.00 C. $329.84 d. $275.50
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Jason Rogers works full-time for UPS and runs a lawn-mowing service part-time after work during the warm months of April through October. Jason has three men working with him, each of whom is paid $6.00 per lawn mowing. Jason has 27 residential customers who contract with him for once-weekly lawn mowing during the months of May through September, and twice-per-month mowings during April and October. On average, Jason charges $48 per lawn mowed. Recently, LStar Property Management Services asked Jason to mow the lawn at each of its 30 rental houses every two weeks during the months of May through September. LStar has offered to pay $30 per lawn mowing, and would forego the lawn edging that normally takes Jason’s team about half of its regular mowing time. If Jason accepts the job, he can assign a two-man team to mow the rental house yards, and will have to buy an additional power lawn mower for about $360 used. Fuel to run the additional mower will be about $0.40 per yard. 1. If Jason…
4
Four factory workers and a supervisor make a team in the Machining Department. The supervisor earns P100 per hour, and the combined hourly charge of the four workers is P320. Each employee is entitled to a 2-week paid vacation and a bonus equal to 4 week's wages each year. Vacation pay and bonuses are treated as indirect costs and are accrued over the 50 week work year. A provision in the union contract does not allow these employees to work in excess of 40 hours per week. What is the amount to be charged to Manufacturing Overhead Control account? what is the estimated liability for bonus? what is the estimated liability for vacation pay?
During the first week of January, an employee works 45 hours. For this company, workers earn 150% of their regular rate for hours in excess of 40 per week. Her pay rate is $36 per hour, and her wages are subject to no deductions other than FICA Social Security, FICA Medicare, and federal income taxes. The tax rate for Social Security is 6.2% of the first $128,400 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee’s pay. The employee has $100 in federal income taxes withheld. What is the amount of this employee’s net pay for the first week of January? (Round your intermediate calculations to two decimal places.)
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Austin's total fixed cost at the bakery is $3,600 a month. Austin employs 20 workers and pays each worker $8 an hour. The marginal product of the twentieth worker is 12 iced cupcakes an hour. What is the marginal cost of the last cupcake produced by the last worker Austin hired

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