Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Costa, Inc., recently converted from a 5-day, 40-hour workweek to a 4-day, 40-hour workweek, with overtime continuing to be paid at one and one-half times

Costa, Inc., recently converted from a 5-day, 40-hour workweek to a 4-day, 40-hour workweek, with overtime continuing to be paid at one and one-half times the regular hourly rate for all hours worked beyond 40 in the week. In this company, time is recorded under the continental system, as shown on the time card below. Barbara Bansta is part of the Group B employees whose regular workweek is Tuesday through Friday. The working hours each day are 800 to 1200; 1230 to 1630; and 1800 to 2000. The company disregards any time before 800, between 1200 and 1230, and between 1630 and 1800, and permits employees to ring in up to 10 minutes late before any deduction is made for tardiness. Deductions are made to the nearest 1/4 of an hour for workers who are more than 10 minutes late in ringing in. No. 160 Hr. Rate $13.85 Name Barbara Bansta O.T. Rate $20.775 Time Mon Tues Wed Thurs Fri Sat Evening Out 2002 2001 2005 2000 In 1801 1809 1802 1800 Afternoon Out 1630 1631 1630 1635 In 1230 1231 1230 1238 Morning Out 1200 1202 1200 1203 1201 In 755 750 825 759 800 Total for Week Daily Totals (a) (b) Remarks 25 minutes late Thursday - deduct hr. Refer to the time card and compute the following: a. The daily total hours: (Enter any fraction of an hour as a decimal. For example 2 hours would be entered as 2.5.) Tuesday hours Wednesday hours Thursday hours Friday hours Saturday hours b. The total hours for the week. Round your answer to one decimal place. hours c. The regular weekly earnings $ If required, round the final answer to two decimal places. d. The overtime earnings (company rounds O.T. rate to 3 decimal places) $ e. The total weekly earnings $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions