RyxUnstoppable Company produces a variety of products. The company operates 24 hours per day with three daily work shifts. The 1st shift workers receive regular pay. The 2nd shift workers receive 10% pay premium and the 3rd shift workers receive 20% pay premium. In addition, the Company pays overtime premium of 50% based on the pay rate for the 1st shifts. The actual payroll for the month is as follows: Total wages for 16,000 hours ?? Wage rate per hour for 1st shift P35 Total regular hours worked 15,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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How much is charge to overtime pay?

RyxUnstoppable Company produces a variety of products. The company operates 24 hours per
day with three daily work shifts. The 1st shift workers receive regular pay. The 2nd shift workers
receive 10% pay premium and the 3rd shift workers receive 20% pay premium. In addition, the
Company pays overtime premium of 50% based on the pay rate for the 1st shifts. The actual
payroll for the month is as follows:
Total wages for 16,000 hours
??
Wage rate per hour for 1st shift
P35
Total regular hours worked
15,000
Transcribed Image Text:RyxUnstoppable Company produces a variety of products. The company operates 24 hours per day with three daily work shifts. The 1st shift workers receive regular pay. The 2nd shift workers receive 10% pay premium and the 3rd shift workers receive 20% pay premium. In addition, the Company pays overtime premium of 50% based on the pay rate for the 1st shifts. The actual payroll for the month is as follows: Total wages for 16,000 hours ?? Wage rate per hour for 1st shift P35 Total regular hours worked 15,000
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