An employee of Olentangy Foundry, Inc. worked a normal 40- hour shift, but four hours were idle
Question:
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 employee’s total compensation for the week.
2. How much of this compensation is a direct- labor cost? How much is overhead?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (15 reviews)
1 Hours worked 40 Wage rate x 16 Tota...View the full answer
Answered By
Fahmin Arakkal
Tutoring and Contributing expert question and answers to teachers and students.
Primarily oversees the Heat and Mass Transfer contents presented on websites and blogs.
Responsible for Creating, Editing, Updating all contents related Chemical Engineering in
latex language
4.40+
8+ Reviews
22+ Question Solved
Related Book For
Managerial Accounting Creating Value in a Dynamic Business Environment
ISBN: 978-0078025662
10th edition
Authors: Ronald Hilton, David Platt
Question Posted:
Students also viewed these Managerial Accounting questions
-
Why is the direct labor cost category eliminated in many just-in-time environments?
-
Why is the direct labor cost category eliminated in many lean manufacturing environments?
-
Problem 23-7A Your answer is partially correct. Try again. Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materials-3 pound plastic at...
-
The species-area curve tells us that slowing or halting___________ ___________ will potentially slow the rate of extinction.
-
Table 4 shows the electricity rates charged by Monroe Utilities in the winter months. (A) Write a piecewise definition of the monthly charge W(x)for a customer who uses x kWh in a winter month. (B)...
-
What are the two ways you can specify that a parameter is to be passed by reference?
-
P 16-2 Recording new partner investmentRevaluation and nonrevaluation cases The partnership of Mor and Osc is being dissolved, and the assets and equities at book value and fair value and the profit-...
-
How might XYZ Software Company arrive at the values in the above table? For each entry, describe the process of determining the cost per incident and frequency of occurrence.
-
Assume a merchandising companys estimated sales for January, February, and March are $112,000, $132,000, and $122,000, respectively. Its cost of goods sold is always 60% of its sales. The company...
-
1. What type of contact is between the Ridpath Sandstone and the Kavalier Shale? How did you determine this? (Refer to the Geologic Time Scale, which is Figure 1 in the Geologic Dating lab, to help...
-
For each case below, find the missingamount. Beyi ventuy of finised gods ...? Cost of goods manufactured during period... Ending inventory of finished goods24500 Case Case ll 18,000 142500 12000 Case...
-
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...
-
Dunn Manufacturing Company is considering the purchase of a factory that makes valves. These valves would be used by Dunn to manufacture water pumps. The purchase would require an initial outlay of...
-
(AVR) PR=IAVR=1R = (power dissipated by a resistor) (28.12) R
-
As a manager and an entrepreneur, you will face a new challenge - business venture structured on the theory of the firm. You are opening a restaurant in your selected town in the State of NY (please...
-
Install on ubuntu , please provide a screenshot for each step 1)How to install base64 on ubuntu 2)What kind of analysis is performed by Cuckoo? How to install Cuckoo on ubuntu?
-
rt a letter to Rose McBride. Writing Plan - Refusal to a Request Rubric Buffer: Start with a neutral statement on which both reader and writer can agree, such as a compliment, appreciation, a quick...
-
FACTS: The Budvar Company sells parts to a foreign customer on December 1, Year 1, with payment of 20,000 crowns to be received on March 1, Year 2. Budvar enters into a forward contract (with a...
-
Identify the states, the seats, and the state population (the basis for the apportionment) in this scenario. Children from five families-the Chorro family, the Eswaran family, the Javernick family,...
-
Given the table below, about how much force does the rocket engine exert on the 4.0 kg payload? Distance traveled with rocket engine firing (m) Payload final velocity (m/s) 500 320 490 310 1020 450...
-
The Zeners purchased approximately 14 acres of forested property from Gutierrez, which resulted in the Zeners giving Gutierrez a promissory note. The Zeners then began to discover that trees were...
-
Shortly after being hired as an analyst with Global American Airlines, Liliana Makin was asked to prepare a report that focused on passenger ticketing cost. The airline writes most of its own tickets...
-
Draw a graph of the cost behavior for each of the following costs incurred by the Mountain Summit Hospital. The hospital measures monthly activity in patient days. Label both axes and the cost line...
-
Weathereye Inc. manufactures weather satellites. The final assembly and testing of the satellites is a largely manual operation involving dozens of highly trained electronics technicians. The...
-
On an average day, a company writes checks totaling $1,500. These checks take 7 days to clear. The company receives checks totaling $1,800. These checks take 4 days to clear. The cost of debt is 9%....
-
Olds Company declares Chapter 7 bankruptcy. The following are the book values of the asset and liability accounts at that time. A bankruptcy expert estimates that administrative expense will total $...
-
As the representative of the local accounting club, you have been asked by the dean to help her understand the costs of the different degrees offered at the school. You decide to use an...
Study smarter with the SolutionInn App