Question: Simon Cunningham earns $16.70 per hour at Transist Electronics. The company is considering switching from a quarter-hour method to a hundredth-hour method. Simon submitted the

Simon Cunningham earns $16.70 per hour at Transist Electronics. The company is considering switching from a quarter-hour method to a hundredth-hour method. Simon submitted the following time card.

Required:

  1. Calculate Simon's time for both the quarter-hour and hundredth-hour systems.
  2. Calculate Simon's total pay in the hundredth-hour and quarter-hour systems.

Calculate Simon's time for both the quarter-hour and hundredth-hour systems. (Round your intermediate calculations and final answers to 2 decimal places.)

In Out In Out Total Hours with Hundredth-hour Total Hours with Quarter-hour
7:14 11:54 12:58 4:54
8:06 12:14 2:28 6:13
7:40 12:40 12:49 4:06
8:59 12:02 1:01 5:03

Calculate Simon's total pay in the hundredth-hour and quarter-hour systems. (Round your intermediate calculations and final answers to 2 decimal places.)

Simons total pay in the hundredth-hour system
Simons total pay in a quarter-hour system

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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

Students Have Also Explored These Related Accounting Questions!