Question: A foundry employee worked a normal 40- hour shift, but four hours were idle due to a small fire in the plant. The employee earns

A foundry employee worked a normal 40- hour shift, but four hours were idle due to a small fire in the plant. The employee earns $18 per hour.

Required

1. Calculate the employee’s total compensation for the week.

2. How much of this compensation is a direct labor cost? How much is overhead?


Step by Step Solution

★★★★★

3.33 Rating (165 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

1 Hours worked 40 Wage rate 18 Total ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

238-B-M-A-C-M (353).docx

120 KBs Word File

Students Have Also Explored These Related Managerial Accounting Questions!

Q:

A foundry employee worked a normal 38 hour week, but six hours were idle due to a small fire in the plant. The employee earns $29 per hour. Required: 1. Calculate the employee's total wages for the...

Q:

1. A foundry employee worked a normal 40-hour shift, but three hours were idle due to a small fire in the plant. The employee earns $23 per hour. Calculate the employee's total compensation for the...

Q:

Much of this subject is based on the perspective of a U. S. investor, but we have illustrated many issues from a Canadian perspective. Suppose you are advising an investor living in a small country...

Q:

An employee of Olentangy Foundry, Inc. worked a normal 40- hour shift, but four hours were idle due to a small fire in the plant. The employee earns $ 16 per hour. Required: 1. Calculate the...

Q:

Required information Exercise 2-25 Idle Time (LO 2-5) [The following information applies to the questions displayed below.) A foundry employee worked a normal 40-hour shift, but four hours were idle...

Q:

Required information Exercise 2-25 Idle Time (LO 2-5) [The following information applies to the questions displayed below.) A foundry employee worked a normal 40-hour shift, but five hours were idle...

Q:

For each case below, find the missing amount.Beginning inventory of finished goods . . . . . . . . Cost of goods manufactured during periodEnding inventory of finished goodsCost of goods soldCase I?$...

Q:

1: A foundry employee worked a normal 40-hour shift, but three hours were idle due to a small fire in the plant. The employee earns $16 per hour. Required: 1. Calculate the employee's total...

Q:

Required information Exercise 2 - 2 5 Idle Time ( LO 2 - 5 ) Skip to question [ The following information applies to the questions displayed below. ] A foundry employee worked a normal 4 0 - hour...

Q:

[ The following information applies to the questions displayed below. ] A foundry employee worked a normal 4 0 - hour shift, but three hours were idle due to a small fire in the plant. The employee...

Q:

QUESTION 2 MHM Manufacturing Company is currently engaged in the production of three products; A, B and C. These products use the same raw materials, though the consumption of quantity differs....

Q:

Appointments scheduling systems have a range of features that are useful for different types of appointments. Choose two types of appointments and pair each one with an appropriate scheduling system....

Q:

What framework for analyzing technological choice was discussed in the text?

Q:

4. As an analyst for Middle, Diddle, and OLeary, you are forecasting the market P/E ratio using the dividend discount model. Because the economy has been expanding for 9 years, you expect the...

Q:

Madison Electric Pump Corporation manufactures electric pumps for commercial use. The company produces three models, designated as regular, advanced, and deluxe. The company uses a job-order cost...

Q:

Suggest an appropriate activity base (or cost driver) for each of the following organizations: (a) Hotel, (b) Hospital, (c) Computer manufacturer, (d) Computer sales store, (e) Computer repair...

Q:

Draw a simple graph of each of the following types of cost behavior patterns: (a) Variable, (b) Step-variable, (c) Fixed, (d) Step-fixed, (e) Semivariable, (f) Curvilinear.

Q:

Pound Industries is attempting to select the best of three mutually exclusive projects. The initial investment and after-tax cash inflows associated with these projects are shown in the following...

Q:

Future Value Compute the future value in year 10 of a $3,000 deposit in year 1 and another $4,500 deposit at the end of year 4 using a 10 percent interest rate. Present Value Compute the present...

Q:

You've just joined the investment banking firm of Dewey, Cheatum, and Howe. They've offered you two different salary arrangements. you can have $90,000 per year for the next two years, or you can...