Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Kenneth Caplan is a salaried employee who normally works a 40-hour week and is paid a weekly salary of $704.00. The agreement that he

1. Kenneth Caplan is a salaried employee who normally works a 40-hour week and is paid a weekly salary of $704.00. The agreement that he has with his employer states that his salary is to cover all hours worked up to and including 40. This week, Caplan worked 42 hours.

Gross Pay: $______

2. During the first week in November, Erin Mills worked 48.50 hours and produced 1,308 units under a piece-rate system. The regular piece rate is $0.31 a unit.

Mills had agreed with her employer prior to the performance of the work that she would be paid one and one-half times the regular piece rate for all pieces produced during the overtime hours. Assume that her production totals for the week were 1,153 pieces during regular hours and 155 pieces during overtime hours. Compute the following amounts.

Round all divisions to two decimal places and use the rounded amounts in subsequent computations. Round your final answers to the nearest cent.

* Piecework earnings: $_____

* Overtime earnings: $_______

* Total Earnings: $_________

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Frank Woods Business Accounting An Introduction To Financial Accounting

Authors: Alan Sangster, Lewis Gordon, Frank Wood

15th Edition

1292365439, 9781292365435

More Books

Students also viewed these Accounting questions

Question

What background experience do you have?

Answered: 1 week ago