Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

T-rate $10.54 x 1.5 15.81 Aiso, use the minimum hourly wage of $7.25 in solving these problems and all that follow Example 2-23 Paul Fritz

image text in transcribed

T-rate $10.54 x 1.5 15.81 Aiso, use the minimum hourly wage of $7.25 in solving these problems and all that follow Example 2-23 Paul Fritz produced 3,073 pieces in a 44-hour workweek and is paid 18 cents for everv unit produced Step 1 Compute the total regular weekly earnings 3,073 x $0.1875 $576.19 regular weekly earmings Step 2 Compute the regular hourly rate of pay. $576.19+44 hours $13.10 regular hourly rate of pey Step 3 Compute the overtime rate of pay and compute the overtime earnings. The reguiar earrnings include the pay for the overtime hours at the regular rate. This is for the extra one-half time. 0.5 x $13.10$6.55 overtime rate of pay 4 hours x $6.55 $26.20 overtime earnings Step 4 Compute the total regular and overtime earnings for the week 5576.19 + $26.20 - 5602.39 piecework and overtime earnings During the first week in Apri, Courtney Nelson worked 46 hours and produced 1,450 units under a piece-rate system. The regular prece rate is s0.38 a unit. Nelson is paid overtime according to the FLSA ruing for overtime work under a piec system. Compute the tollowing amounts. Round all divisions to two decimal places and use the rounded amounts in subsequent computations. Round your final answers to the nearest cent. a. The piecework earnings b. The regular hourly rate The overtime hourly premium c. The overtime earnings d. The total earnings Previous Check My Work Email instructorSave and Exit Submit Assignm Ii work saved

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

Enterprise Information Systems A Pattern Based Approach

Authors: Cheryl Dunn, J. Owen Cherrington, Anita Hollander

3rd Edition

0072404299, 978-0072404296

More Books

Students also viewed these Accounting questions

Question

6.1 Review the four different types of work relationships

Answered: 1 week ago

Question

Why is intrinsic motivation healthier than extrinsic motivation?

Answered: 1 week ago