Determining payroll earnings Lo 2 Julian Company requires all factory workers to record the time of arrival

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Determining payroll earnings Lo2 Julian Company requires all factory workers to record the time of arrival and departure by means of a time clock. The company operates on a 40-hour basis, with time-and-a-half allowed for overtime. The regular workday is from 8:30 a.m. to 1 2:00 noon and from 1 :00 P.m. to 5:00 p.m., Monday through Friday, and from 8:30 a.m. to I 1 :00 a.m. on Saturday.

The clock card record of a group of employees for Monday is as follows:

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a. Compute the regular and overtime hours for each employee for the day.
(Round to nearest half hour.)

b. Assuming that all of the employees are paid at the rate of $9.20 an hour, compute the amount of each employee's earnings for the day.

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Principles Of Cost Accounting

ISBN: 9780324100945

12th Edition

Authors: Edward J. Vanderbeck

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