PRACTICAL EXERCISE 1.3 Using the information given in the table below, calculate the total amount payable by the company to the employees using a formula. E B C Services Company Ltd Overtime Details Hours Worked 1 Rate Amount 3 Date Name 70 350.00 Kennedy Kennedy Mary Lewis 4 26-Nov 100 500.00 5. 26-Nov 6. 26-Nov 100 500.00 100 100 70 26-Nov 4 400.00 300.00 Judy Kennedy Lewis 8. 30-Nov 30-Nov 6. 420.00 10 30-Nov 100 500.00 4 70 280.00 11 12 Kennedy Judy Lewis 30-Nov 30-Nov 100 500.00 13 30-Nov 100 500.00 4 02-Dec Judy 4. 70 280.00 Total Amount

PRACTICAL EXERCISE 1.3 Using the information given in the table below, calculate the total amount payable by the company to the employees using a formula. E B C Services Company Ltd Overtime Details Hours Worked 1 Rate Amount 3 Date Name 70 350.00 Kennedy Kennedy Mary Lewis 4 26-Nov 100 500.00 5. 26-Nov 6. 26-Nov 100 500.00 100 100 70 26-Nov 4 400.00 300.00 Judy Kennedy Lewis 8. 30-Nov 30-Nov 6. 420.00 10 30-Nov 100 500.00 4 70 280.00 11 12 Kennedy Judy Lewis 30-Nov 30-Nov 100 500.00 13 30-Nov 100 500.00 4 02-Dec Judy 4. 70 280.00 Total Amount

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Problem 7-6 Weekly Wage Payment Entries and the Month-End Wages Payable Adjusting Entry Baker Construction, Inc. pays its employees each Friday for the work they performed that week. Baker's employees only work Sunday. Baker produces monthly financial statements; thus they prepare adjusting entries at the Monday through Friday. They do not work on Saturday or end of each month. For the month of June, the last payday was on Friday June 25th. The last day of June was on Wednesday June 30th. The first payday of July was on Friday July 2nd. The following partial calendar shows these days and dates: -6 age Payı Sunday Monday Tuesday Wednesday Thursday Friday ent 1 -- W Saturday Accou June 20 June 21 June 22 June 23 June 24 Juņe 25 June 26 June 27 June 28 June 29 June 30 July 1 July 2 July 3 The following table shows the amount the employees were paid on Friday June 25th and on Friday July 2nd. The table also shows the data required to calculate the amount the employees earned for the last…
engageNOWv2 | Online teachin X + _com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress.... A E At the end of April, Cavy Company had completed Jobs 765 and 766. The individual job cost sheets reveal the following information: Job Direct Materials Direct Labor Machine Hours Job No. 765 $8,400 30 $2,520 4,698 Job No. 766 14,877 87 Job 765 consisted of 180 units, and Job 766 consisted of 261 units. Assuming that the predetermined factory overhead rate is applied by using machine hours at a rate of $95 per hour. a. Determine the balance on the job cost sheets for each job. Job 765 Job 766 b. Determine the cost per unit at the end of April. Round your answers to the nearest cent. Job 765 Job 766 a 118 D -F10 Previous Next > D
Answer Problem #2 : items 7 & 8
DATE OF PAY PERIOD ENDING 20- 20 PAYMENT NET СК. EARNINGS DEDUCTIONS EMPLOYEE MAR. TOTAL NAME ALLOW RATE SOC. SEC. FED. INC. STATE INC. HOSP. INS OTHERS TOTAL PAY NO. NUMBER STATUS HOURS REGULAR OVERTIME TOTAL MED. TAX TAX TAX TAX 10 2 3 6. 9. 10 11 10 12 11 13 14 13 15 14 16 17 15 18 16 17 18 25 12 7.
DIRECTIONS 1 Journalize the entry to RECORD the payroll 2 Journalize the entry to RECORD the employer's payroll taxes (SUTA rate is 3.7%) 3 Journalize the entry to deposit the FICA and FIT taxes TOTAL EARNINGS FICA OASDI FICA HI FIT W/H STATE TAX UNION DUES NET PAY $36,195.10 $2,244.10 $524.83 $6,515.00 $361.95 $500.00 $26,049.22 1 JOURNAL DATE DESCRIPTION DEBIT CREDIT 2 JOURNAL DATE DESCRIPTION DEBIT CREDIT…
mapter 12: Payroll Accounting Question 5 (of 12) The assembly line workers at Cambridge Motors are paid an hourly wage plus overtime for each hour worked over 40 each week. Overtime is paid at a rate of 12 times hourly wage. Find the amount of gross earnings for the following workers. (Round your answers to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.) Total Hours Worked Hourly Wage Gross Earnings Regular Earnings 2$ Name Overtime Earnings Tom Arruda 39 $6.96 Janet Dias 42 $7.10 $ 2$ Paul Pijarowski 45 $7.15 Rosemary Weiss 41 $7.75 O Search for anything DELL F1 F2 F3 F4 F5 F6 F7 F8 # 2 3 4 5 6 %24 立
eBook Print Item Question Content Area A company has the following transactions during the week. Purchase of $1,100 raw materials inventory Assignment of $400 of raw materials inventory to Job 5 Payroll for 25 hours with $1,250 assigned to Job 5 Factory utility bills of $760 Overhead applied at the rate of $10 per hour What is the cost assigned to Job 5 at the end of the week? $fill in the blank 1
Q.17 From the following calculate the earnings of workers A,B,C under Halsey plan and Rowan scheme of payment: Worker Standard time (Hours): Actual (Hours) 3. 4 :5 .. 1.... .... Basić wages per hour 2 2. May 2017
104-Principles of Manageme Ay courses / BUSS 104-1-20202 / MAKEUP TEST SCHEDULED st (06-05-2021 from 11:00 to 12: Noon) Which one is a Historical Cost Select one: O a. All the Above O b. Rent Factory O c. office Rent O d. Office salary 104-05-21 035 Jump to..
Please complete the payrolll register. Note: this payroll register is partially done please complete the missing boxes with the right answers.
Employees' earnings and taxes A weekly payroll summary made from labor time records shows the following data for Musketeer Manufacturing Company: LO2 LO3 Hourly Rate Hours Employee Classification Regular Overtime Brown, D. Direct $12 40 2 Jackson, D. Direct 12 40 3 Love, J. Direct 15 40 4 Anderson, C. Indirect 40 Raymond, B. Indirect 18 40 Overtime is payable at one-and-a-half times the regular rate of pay for an employee and is distributed to all jobs worked on during the period. a. Determine the net pay of each employee. The income taxes withheld for each employee amount to 15% of the gross wages. b. Prepare journal entries for the following: 1. Recording the payroll. 2. Paying the payroll 3. Distributing the payroll. (Assume that overtime premium will be charged to all jobs worked on during the period. 4. The employer’s payroll taxes. (Assume that none of the employees has achieved the maximum wage bases for FICA and unemployment taxes.)
Just want to make sure I did the journal entries correctly

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