PSc 2-11 Calculate Gross Pay for a Piecework Employee Calculate gross pay for each of the following employees. All are paid an overtime wage rate that is 1.5 times their respective regular wage rates. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. 1: Joseph Emanuel assembles merchandise and is paid $0.14 for each unit assembled. During the most recent week, he worked 42 hours and assembled 5,781 units. Gross Pay = $ 2: Dennis Tillman is a telemarketer, who is paid $0.34 for every telemarketing call he places. During the most recent week, he worked 45 hours and placed 1,638 calls. Gross Pay = $ 3: Ray Humphrey assembles merchandise and is paid $0.05 for each unit assembled. During the most recent week, he worked 55 hours and assembled 14,123 units. Gross Pay = $ 4: Cory Petersen is a telemarketer who is paid $0.28 for every telemarketing phone call he places. During the most recent week, he worked 53 hours and placed 1,633 calls. Gross Pay = $

PSc 2-11 Calculate Gross Pay for a Piecework Employee Calculate gross pay for each of the following employees. All are paid an overtime wage rate that is 1.5 times their respective regular wage rates. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. 1: Joseph Emanuel assembles merchandise and is paid $0.14 for each unit assembled. During the most recent week, he worked 42 hours and assembled 5,781 units. Gross Pay = $ 2: Dennis Tillman is a telemarketer, who is paid $0.34 for every telemarketing call he places. During the most recent week, he worked 45 hours and placed 1,638 calls. Gross Pay = $ 3: Ray Humphrey assembles merchandise and is paid $0.05 for each unit assembled. During the most recent week, he worked 55 hours and assembled 14,123 units. Gross Pay = $ 4: Cory Petersen is a telemarketer who is paid $0.28 for every telemarketing phone call he places. During the most recent week, he worked 53 hours and placed 1,633 calls. Gross Pay = $

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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K Pitt Accounting pays Peter Geller $97.290 per year Requirements 1. 2. What is the hourly cost to Pitt Accounting of employing Geller? Assume a 45-hour week and a 47-week year What direct labor cost would be assigned to Client 507 if Geller works 15 hours to prepare Client 507's financial statements? Requirement 1. What is the hourly cost to Pitt Accounting of employing Geller? Assume a 45-hour week and 47-week year Select the formula below that Pitt Accounting would use to calculate the hourly cost and complete the formula (Round the hourly cost to the nearest cent) Hourly cost Requirement 2. What direct labor cost would be assigned to Client 507 if Geller works 15 hours to prepare Client 507's financial statements? Select the fomula below that would be used to calculate the direct labor cost assigned to Client 507 and calculate that cost (Round the direct labor cost to the nearest cent). Direct labor cost
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preparing pay roll the assembly line worker at K moters are paid any hourly wage plus overtime for each hour worked over 40 each week. Overtime is paid at 1.5 times the hourly wage. find the amout of gross earings for these employees total hours Hourly wage tom 39 6.95 Janet 42 7.10 Paul 45 7.15 Rose 41 7,75
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PSb 2-7 Calculate Gross Pay with Commissions Calculate gross pay for each the following employees. All are paid an overtime wage rate that is 1.5 times their respective regular wage rates. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. 1: Billy Fortuna earns both $11.45/hour and a 10% commission on all sales. During the most recent week, he worked 47 hours and made total sales of $8,800. Gross Pay = $ 2: Emily Robinson earns both $8.10/hour and $35 for every sale she completes. During the most recent week, she worked 55 hours and made a total of 49 sales. Gross Pay = $ 3: Richard Eisenhower earns both $14.90/hour and a 14% commission on all sales. During the most recent week, he worked 43 hours and made total sales of $5,700. Gross Pay = $ 4: Zoey Jefferson earns both $19.10/hour, $5 for every sale of Product A, and $18 for every sale of Product B. During the most recent week,…
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