A loom operator in a textiles factory earns $16 per hour. By contract, the employee earns $20
Question:
A loom operator in a textiles factory earns $16 per hour. By contract, the employee earns $20 for overtime hours. The operator worked 45 hours during the first week of May, instead of the usual 40 hours.
Required:
1. Compute the loom operator’s compensation for the week.
2. Calculate the employee’s total overtime premium for the week.
3. How much of the employee’s total compensation for the week is direct-labor cost? How much is overhead?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (14 reviews)
1 Regular wages 40 hours 16 640 Overtime wages 5 hours 20 100 Total compensat...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
A loom operator in a Carolina Textiles factory earns $ 17 per hour. The employee earns $ 22 for overtime hours. The operator worked 43 hours during the first week of May, instead of the usual 40...
-
During its first week of operations ending January 7, 2011, Cirba Sports Inc. completed six transactions with the dollar effects indicated in the following schedule: Required: 1. Write a brief...
-
During its first week of operations ending January 7, 2014, FastTrack Sports Inc. completed six transactions with the dollar effects indicated in the following schedule: Required: 1. Write a brief...
-
make a small case or use a situation/problem from real life. You will discuss this situation together with a discussion that works through a solution of your own to the problem posed. Problems or...
-
Find the number of paths from a to e in the directed graph in Exercise 2 of length a) 2. b) 3. c) 4. d) 5. e) 6. f) 7.
-
Assuming the same information as for Problem 21-2, suppose Hastings will increase Vandells level of debt at the end of Year 3 to $30.6 million so that the target capital structure is now 45% debt....
-
Determine whether the events are mutually exclusive. Then determine whether the events are independent or dependent. Explain your reasoning. Event A: A bowler having the highest game in a 40-game...
-
1. Describe the attributes that contribute to the success of virtual teams and those that contribute to the failure of virtual teams. 2. Discuss the extent to which the characteristics of...
-
A community's social capital plays an important role in how effective local governments and community-based organizations work together toward common goals. In short, What are ways in which a local...
-
Use the simple transistor model (with perfect saturation and no bulk effect) for this question. We want to compare the current ID drawn by a single nMOS transistor and ID2 drawn by two series...
-
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 employees total compensation...
-
Find Dell Inc.s Web site on the Internet, www.dell.com. Required: Read on the companys Web site about how Dell operates and serves its customers. Then briefly explain whether you believe mass...
-
Discuss advantages and disadvantages to both sellers and buyers of shipping FOB destination and FOB shipping point.
-
4. [25 marks] Define the concept of 'tying'. Is tying a form of price discrimination? What are its welfare implications? Explain and illustrate your arguments with formal modelling and any relevant...
-
The population of a certain country since 1990 can be approximated by f(t)=0.008t^2 +2.1t + 175 where f(t) is the population in millions and t represents the number of years since 1990. Find the...
-
What are the two main groups in which economic transactions are presented? What the Capital and Financial accounts include? Does the sum of all entries in the BOP equal to zero? Why or why not?...
-
You borrow $ 2 , 0 0 0 fixed payment loan. What will be the fixed payment if you want to pay off the loan in 4 quarterly payments? The first quarters interest rate is 5 % , and it keeps on increasing...
-
Discuss the implications of principal forgiveness and debt restructuring for borrowers and lenders in distressed financial situations. How do creditors and debtors negotiate principal write-downs,...
-
Search the Internet for Coca-Cola virtual vendor. Using this online tool, list at least ten of Coca-Colas global versus national brands. Why were these choices made? Do you agree or disagree with...
-
Grace is training to be an airplane pilot and must complete five days of flying training in October with at least one day of rest between trainings. How many ways can Grace schedule her flying...
-
The present value of future cash flow is found by locating the correct factor on a z-table. using a discount factor. plotting the function on a graph. adding the total of all future cash flows.
-
Why arent actual overhead costs traced to jobs just as direct materials and direct labor costs are traced to jobs?
-
Why arent actual overhead costs traced to jobs just as direct materials and direct labor costs are traced to jobs?
-
Why would job-order costing be used instead of process costing?
-
There are 42 locations throughout the northeast region with deposits totaling $3.2bil. If you were Kiamarie's vice president, how would you expect her to choose between Gagne's Nine Events of...
-
Why is succession planning essential in an organization? 2. What is the need for succession planning? 3. What do you think are the challenges to succession planning? 4. How can employees contribute...
-
Two activities/obligations/responsibilities that might be added to an updated version of the job description for an HR professional: How would you go about monitoring changes in laws and regulatory...
Study smarter with the SolutionInn App