For each case below, find the missing amount. Required information [The following information applies to the questions displayed below.] A loom operator in a textiles factory earns $16 per hour. By contract, the employee earns $24 (time and a half) for overtime hours. The operator worked 45 hours during the first week of May, and overtime is paid after the usual 40 hours. Required: 1. Compute the loom operator's compensation for the week. Required information [The following information applies to the questions displayed below.] A hotel pays the phone company $100 per month plus $0.25 for each call made. During January 6,000 calls were made. In February 5,000 calls were made. Required: 1. Calculate the hotel's phone bills for January and February. 3. How much of the employee's total compensation for the week is direct-labor cost? How much is overhead? [The following information applies to the questions displayed below.] Alexandria Aluminum Company, a manufacturer of recyclable soda cans, had the following inventory balances at the beginning and end of 20 1 . During 20 1 , the company purchased $250 , 000 of raw material and spent $400 , 000 on direct labor. Manufacturing overhead costs were as follows: Sales revenue was $1 , 105 , 000 for the year. Selling and administrative expenses for the year amounted to $110 , 000 . The firm's tax rate is 40 percent. 1. Prepare a schedule of cost of goods manufactured. \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline Total manufacturing overhead & & \\ \hline Total manufacturing costs & & \\ \hline & & \\ \hline Subtotal & & \\ \hline & & \\ \hline Cost of goods manufactured & & \\ \hline \end{tabular} 3. Prepare an income statement. Required information [The following information applies to the questions displayed below.] A hotel pays the phone company $100 per month plus $0.25 for each call made. During January 6,000 calls were made. In February 5,000 calls were made. Required: 1. Calculate the hotel's phone bills for January and February. Required information [The following information applies to the questions displayed below.] A hotel pays the phone company $100 per month plus $0.25 for each call made. During January 6,000 calls were made. In February 5,000 calls were made. 2. Calculate the cost per phone call in January and in February. (Round your answers to 3 decimal places.) [The following information applies to the questions displayed below.] A hotel pays the phone company $100 per month plus $0.25 for each call made. During January 6,000 calls were made. In February 5,000 calls were made. 3. Separate the January phone bill into its fixed and variable components. 4. What is the marginal cost of one additional phone call in January? (Round your answer to 2 decimal places.) Marginal cost 5. What was the average cost of a phone call in January? (Round your answer to 3 decimal places.) *Seventy-five percent of the company's building was devoted to production activities; the remaining 25 percent was used for selling and administrative functions. Inventorv data: ? The January 1 and December 31 finished-goods inventory consisted of 1,350 units and 1,190 units, respectively. Required: 1. Calculate Lone Oak's manufacturing overhead for the year. 2. Calculate Lone Oak's cost of goods manufactured. 3. Compute the company's cost of goods sold. 4. Determine net income for 20 1 , assuming a 30% income tax rate. 5. Determine the number of completed units manufactured during the year. Required: 1. Calculate the total cost of the employee's wages during the week described above. 2. Determine the portion of this cost to be classified in each of the following categories: For each case below, find the missing amount. Required information [The following information applies to the questions displayed below.] A loom operator in a textiles factory earns $16 per hour. By contract, the employee earns $24 (time and a half) for overtime hours. The operator worked 45 hours during the first week of May, and overtime is paid after the usual 40 hours. Required: 1. Compute the loom operator's compensation for the week. Required information [The following information applies to the questions displayed below.] A hotel pays the phone company $100 per month plus $0.25 for each call made. During January 6,000 calls were made. In February 5,000 calls were made. Required: 1. Calculate the hotel's phone bills for January and February. 3. How much of the employee's total compensation for the week is direct-labor cost? How much is overhead? [The following information applies to the questions displayed below.] Alexandria Aluminum Company, a manufacturer of recyclable soda cans, had the following inventory balances at the beginning and end of 20 1 . During 20 1 , the company purchased $250 , 000 of raw material and spent $400 , 000 on direct labor. Manufacturing overhead costs were as follows: Sales revenue was $1 , 105 , 000 for the year. Selling and administrative expenses for the year amounted to $110 , 000 . The firm's tax rate is 40 percent. 1. Prepare a schedule of cost of goods manufactured. \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline Total manufacturing overhead & & \\ \hline Total manufacturing costs & & \\ \hline & & \\ \hline Subtotal & & \\ \hline & & \\ \hline Cost of goods manufactured & & \\ \hline \end{tabular} 3. Prepare an income statement. Required information [The following information applies to the questions displayed below.] A hotel pays the phone company $100 per month plus $0.25 for each call made. During January 6,000 calls were made. In February 5,000 calls were made. Required: 1. Calculate the hotel's phone bills for January and February. Required information [The following information applies to the questions displayed below.] A hotel pays the phone company $100 per month plus $0.25 for each call made. During January 6,000 calls were made. In February 5,000 calls were made. 2. Calculate the cost per phone call in January and in February. (Round your answers to 3 decimal places.) [The following information applies to the questions displayed below.] A hotel pays the phone company $100 per month plus $0.25 for each call made. During January 6,000 calls were made. In February 5,000 calls were made. 3. Separate the January phone bill into its fixed and variable components. 4. What is the marginal cost of one additional phone call in January? (Round your answer to 2 decimal places.) Marginal cost 5. What was the average cost of a phone call in January? (Round your answer to 3 decimal places.) *Seventy-five percent of the company's building was devoted to production activities; the remaining 25 percent was used for selling and administrative functions. Inventorv data: ? The January 1 and December 31 finished-goods inventory consisted of 1,350 units and 1,190 units, respectively. Required: 1. Calculate Lone Oak's manufacturing overhead for the year. 2. Calculate Lone Oak's cost of goods manufactured. 3. Compute the company's cost of goods sold. 4. Determine net income for 20 1 , assuming a 30% income tax rate. 5. Determine the number of completed units manufactured during the year. Required: 1. Calculate the total cost of the employee's wages during the week described above. 2. Determine the portion of this cost to be classified in each of the following categories