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 Myersconsiders 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-lineequipment was down 4.2 hours in May, and Lawrence had two hours of idle time because of a scheduling mix-up.Requirements1. Calculate (a) direct manufacturing labour, (b) idle time, (c) overtime holiday premium, and (d) total earnings for Lawrence inMay. (Round your answers to the nearest cent.)2. Is idle time and overtime premium a direct or indirect cost of the jobs that Lawrence worked on in May? Explain.Requirement 1(a) Determine the formula for calculating total direct manufacturing labour cost. Choose the correct answer below.O A. (Total overtime for month - Total idle time for month) x Overtime premium rate = Direct mfg labour costsB. (Total overtime for month - Total idle time for month) x Regular hourly rate = Direct mfg labour costsC. (Total hours for month - Total idle time for month) x Regular hourly rate = Direct mfg labour costsD. (Total hours for month - Total idle time for month) x Overtime premium rate = Direct mfg labour costsThe direct manufacturing labour costs for the month are $ (Round your answers to the nearest cent.)

Name: Lawrence Lippart is a line worker in the assembly department of Myers
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Description: 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 ha

Formula is (Total hours for month - Total idle time for month) x Regularly hourly rate = Direct…

Business

Accounting

Requirement 1 (a) Determine the formula for calculating total direct manufacturing labour cost. Choose the correct answer below. OA. (Total overtime for month - Total idle time for month) x Overtime premium rate= Direct mfg labour costs B. (Total overtime for month - Total idle time for month) x Regular hourly rate=Direct mfg labour costs C. (Total hours for month - Total idle time for month) x Regular hourly rate= Direct mfg labour costs D. (Total hours for month - Total idle time for month) x Overtime premium rate = Direct mfg labour costs The direct manufacturing labour costs for the month are $ (Round your answers to the nearest cent.)

Requirement 1 (a) Determine the formula for calculating total direct manufacturing labour cost. Choose the correct answer below. OA. (Total overtime for month - Total idle time for month) x Overtime premium rate= Direct mfg labour costs B. (Total overtime for month - Total idle time for month) x Regular hourly rate=Direct mfg labour costs C. (Total hours for month - Total idle time for month) x Regular hourly rate= Direct mfg labour costs D. (Total hours for month - Total idle time for month) x Overtime premium rate = Direct mfg labour costs The direct manufacturing labour costs for the month are $ (Round your answers to the nearest cent.)

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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