Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Is this correct? Thank you for your help! Please see Piecework Overtime Calculation 16. Grady Tripp is a telemarketer who is paid $0.63 for every

Is this correct? Thank you for your help!

Please see "Piecework Overtime Calculation"

image text in transcribed

image text in transcribed

16. Grady Tripp is a telemarketer who is paid $0.63 for every telemarketing call he places. During the most recent week, Grady worked 43 hours and placed 1,596 calls. What is his gross pay for the week? (7 points) Regular earnings 1596 calls x $0.63 = $1005.48 $1005.48/43 = $23.38 x 40 = $935.20 Hourly rate Overtime rate $23.38 x 1.5 = $35.07 x 3 = $105.21 Gross pay = $105.21 + $935.20 = $1040.41 Step 3: Regular hourly rate x additional overtime factor = additional overtime hourly rate Additional overtime hourly rate x overtime hours worked = additional overtime Step 5: Regular earnings for all hours + additional overtime earnings = total earnings each piecework employee's hourly rate. This may be done by dividing total weekly compensation by the number of hours worked. Piecework Overtime Calculation Step 1: Piece rate x units of output = regular earnings for all hours Step 2: Regular earnings for all hours / total hours worked = regular hourly rate Step 4: earnings NOTE! The additional overtime factor ist

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

Financial Accounting For Decision Makers

Authors: Dr Peter Atrill, Eddie Mclaney, Sin Autor

5th Edition

1405888210, 9781405888219

More Books

Students also viewed these Accounting questions

Question

What are some of the topics they study?

Answered: 1 week ago

Question

OUTCOME 2 Describe how a training needs assessment should be done.

Answered: 1 week ago