Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Marcell Teague submitted a pay card reflecting the following hours worked at Kicy Inc. He earns $16.02 per hour. The company pays overtime only on

Marcell Teague submitted a pay card reflecting the following hours worked at Kicy Inc. He earns $16.02 per hour. The company pays overtime only on hours worked exceeding 40 per week. The company is considering changing from quarter-hour to hundredth-hour time collection. Under the current quarter-hour system, each time the employee clocks in or out, the time is rounded to the nearest quarter-hour. Required:

  1. Calculate Marcells time for both the quarter-hour and hundredth-hour systems.
  2. Calculate Marcells total pay in the hundredth-hour and quarter-hour systems.

  • Required 1
  • Required 2

Calculate hundredth-hour or quarter-hour on each clock in or out for Marcell. (Round your intermediate calculations and final answers to 2 decimal places.)

In Out In Out Total Hours with Hundredth-hour Total Hours with Quarter-hour
8:00 11:22 12:17 5:22
7:29 12:30 1:45 4:10
9:12 11:45 12:28 3:36
8:00 11:00 12:02 5.00

Calculate Marcells total pay in the hundredth-hour and quarter-hour systems. (Round your intermediate calculations and final answers to 2 decimal places.)

Marcells total pay in the hundredth-hour system
Marcells total pay in a quarter-hour system

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

Students also viewed these Accounting questions