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James Cook, a production department worker, is paid on hourly basis at a rate of $15 per hour. James works 40 hours per week. Any
James Cook, a production department worker, is paid on hourly basis at a rate of $15 per hour. James works 40 hours per week. Any time James works over 40 hours, it is considered as overtime and he is paid at a rate of $22 for each overtime hour. From the labor time sheet of the first week of January the following data are summarized.
Total work hours | 46 hours |
Time for waiting materials | 3 hours |
Time for waiting machine repairs | 3 hours |
Time for cleaning the work place | 1 hours |
- Calculate the applied (allocated) overhead rate. (5 points)
- Determine monetary values of indirect labor cost items (5 points)
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