Question
During the first week in November, Erin Mills worked 42.50 hours and produced 1,211 units under a piece-rate system. The regular piece rate is $0.39
During the first week in November, Erin Mills worked 42.50 hours and produced 1,211 units under a piece-rate system. The regular piece rate is $0.39 a unit. Mills is paid overtime according to the FLSA ruling for overtime work under a piece-rate system. 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.
| a. | The piecework earnings | ||
| b. | The regular hourly rate | ||
| The overtime hourly rate | |||
| c. | The overtime earnings | ||
| d. | The total earnings |
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365
