Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Iam trying to compute payroll earnings and I only have 1 more attempt to get this correct. I've attached my professor's response and a copy
Iam trying to compute payroll earnings and I only have 1 more attempt to get this correct. I've attached my professor's response and a copy of the assignment with the sections I need help on highlighted. I'm not sure if these answers are correct. Especially for the M & R portion.
Assessment 1 Part 3: Computing Payroll Earnings Scenario: G. Smith of Central Manufacturing Company is paid at the rate of $30 an hour for an eight hour day, with time and a overtime and double time for Sundays and holidays. Regular employment is on the basis of 40 hours a week, five da end of the week, the labor time record shows the following: Job or Indirect Labor 007 009 Machine Repair Total Su 5 5 M 6 2 Tu 3 5 W 2 6 Th 7 3 8 8 8 10 Using the data above and the ledger below, compute Smith's total earnings for the week and a prepare the journal e Smith's total earnings. Hours Sunday indirect Monday direct Tuesday direct Wednesday direct Thursday direct Friday direct Saturday indirect Totals Regular Time and Double a half Time 5 8 8 8 8 2 8 5 8 40 15 5 x Rate Regular 150.00 240.00 240.00 240.00 300.00 390.00 240.00 1,800.00 our day, with time and and a half for 40 hours a week, five days a week. At the F 7 6 13 Sa 8 8 Total 25 22 13 60 d a prepare the journal entry to distribute = Rate Time and Double a half Time ### 30.00 75.00 120.00 225.00 150.00 Total Gross Earnings 2,175.00 Account Debited Factory Overhead Expense Work In Overtime M&R Process Premium 1,800.00 225.00 150.00Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started