Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

This is the first task to completing Olney Company's payroll register, Complete the steps outlined below 1. Record the regular hours and the overtime hours

This is the first task to completing Olney Company's payroll register, Complete the steps outlined below 1. Record the regular hours and the overtime hours worked for each employee, using the time clerk's report as your reference 2. Complete the Regular Eamings columns (Rate per Hour and Amount) for hourly employees. For only hourly employees that worked overtime, complete the Overtime Earnings columns (late per Hour and Amount) For salaried workers, complete the Regular Earnings column and show the hourly overtime rate and earnings only if overtime was worked. 3. Record the Total Earnings for each employee by adding the Regular Earnings and the Overtime Earings. If an amount box does not require an entry, leave it blank or enter "0". If required, round your intermediate calculations to the nearest cent and use the rounded amounts in subsequent computations. Round fraction values to the nearest two decimal places, e.g. 1 1/2 to 1.50. OLNEY COMPANY, INC. Employee Payroll Register For Period Ending January 8, 20- Regular Earnings 4 Overtime Earnings Time Fing Card No. W/H Name Status Hours Worked Rate per Hour Amount Hours Worked Rate per Hou Amount Total Earnings No. Allow 11 A 18.50 740 0 12 Flores L 5 N/A 50 x Pineto, C. M NA 21 W ) N/A 385 v 40 x 19.25 17.00 962.50 X 10 685.30 0 20.70 828.00 X 11 X 31.05 22 KC S N/A 23.00 952.00 31 Ruppert, C. M NA 41.25 x A000 32 Sev LIH Wid 33 N/A 5 NA 40 180x 15 S Foley, L Olney, H CH CH N/A NA 40 45 x 40 Aww's A 69200 1.25 0 A AO A 37.5 740 1,251.30 x 685.30 1,314.45X 952.00 003.75 X 100 507.09 4x 1,034 x 1,500 1.553.69 3,596.15 1,500 T Check My Work more Check My Working 2,225.54 10,864.39 Say Sunny Submit Assigmes for Grading

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

Cima Learning System Management Accounting Performance Evaluation Edition

Authors: Robert Scarlett

4th Edition

0750684305, 978-0750684309

More Books

Students also viewed these Accounting questions

Question

LO2 Explain the major laws governing employee compensation.

Answered: 1 week ago