Under the decimal system of computing time worked at Timmerman Company, production workers who are tardy are "docked" according to the schedule shown below. Minutes Late in Ringing in Fractional Hour Deducted 1 through 6 1/10 7 through 12 2/10 13 through 18 3/10 19 through 24, etc. 4/10 The regular hours of work, Monday through Friday, are from 7:30 to 11:30 A.M. and from 12:30 to 4:30 P.M. During one week, Henry Bjorn, who earns $12.15 an hour, reports in and checks out as shown below. Employees are not paid for ringing in a few minutes before 7:30 and 12:30 nor for ringing out a few minutes after 11:30 and 4:30. (a) DAY AM PM HRS WORKED M In Out In Out 7:28 11:31 12:29 4:31 T 7:35 11:30 12:30 4:30 W 7:50 11:33 12:27 4:32 Th 7:27 11:31 12:50 4:33 F 7:28 11:32 12:40 4:30 Refer to the partial time card and compute the following: a. The hours worked each day. Enter any fraction of an hour as a decimal. For example 23/10 hours would be entered as 2.3. Monday fill in the blank 1 hours Tuesday fill in the blank 2 hours Wednesday fill in the blank 3 hours Thursday fill in the blank 4 hours Friday fill in the blank 5 hours b. The total hours worked. Round your answer to one decimal place. fill in the blank 6 hours c. The gross earnings for the week. Use the rounded total hours worked and round your answer to the nearest cent. $fill in the blank 7

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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Under the decimal system of computing time worked at Timmerman Company, production workers who are tardy are "docked" according to the schedule shown below.

Minutes Late in Ringing in	Fractional Hour Deducted
1 through 6	1/10
7 through 12	2/10
13 through 18	3/10
19 through 24, etc.	4/10

The regular hours of work, Monday through Friday, are from 7:30 to 11:30 A.M. and from 12:30 to 4:30 P.M. During one week, Henry Bjorn, who earns $12.15 an hour, reports in and checks out as shown below. Employees are not paid for ringing in a few minutes before 7:30 and 12:30 nor for ringing out a few minutes after 11:30 and 4:30.

(a)

DAY	AM	PM	HRS WORKED
M	In	Out	In	Out
7:28	11:31	12:29	4:31
T	7:35	11:30	12:30	4:30
W	7:50	11:33	12:27	4:32
Th	7:27	11:31	12:50	4:33
F	7:28	11:32	12:40	4:30

Refer to the partial time card and compute the following:

a. The hours worked each day. Enter any fraction of an hour as a decimal. For example 2³/₁₀ hours would be entered as 2.3.

Monday	fill in the blank 1 hours
Tuesday	fill in the blank 2 hours
Wednesday	fill in the blank 3 hours
Thursday	fill in the blank 4 hours
Friday	fill in the blank 5 hours

b. The total hours worked. Round your answer to one decimal place.
fill in the blank 6 hours

c. The gross earnings for the week. Use the rounded total hours worked and round your answer to the nearest cent.
$fill in the blank 7

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