Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Weekly rate ($1,827 x 12)/52-$421.615 rounded to $421.62 Hourly rate $421.62/40 $10.540 rounded to $10.54 OT. rate $10.54 x 1.5 $15.81 se the minimum hourly

image text in transcribed

Weekly rate ($1,827 x 12)/52-$421.615 rounded to $421.62 Hourly rate $421.62/40 $10.540 rounded to $10.54 OT. rate $10.54 x 1.5 $15.81 se the minimum hourly wage of $7,25 in solving these problems eand all that follow Example 2-7 Joanne French works a 40-hour week at S 12.40 an hour with overtime hours paid at 1 times the regular rate Regular weekly earnings are The overtime rate is Ir French works 4 hours overtime, additional earnings for the 4 hours are French's weekly gross earnings are If paid only for time actually worked and she works only 36 hours during a week, French earns $496.00 (40 x $12.40) $18.60 ($12.40 x 1.5) $74.40 (4 $18.60) $570.40 ($496.00+$74.40) $446.40 (36 x $12.40) The hours worked and the hourly wage rates for five employees of Koogel Company for the week ended June 10 follow. If required, round your answers to the nearest cent. a. For each employee, compute the gross earnings b. Compute the total gross earnings for all employees Employee Duffy, M. Hazelton, G. Inman, T. Palmer, C Diaz, O. Hours Worked 35 28 39h 24% 31 Regular Hourly Wage Rate $11.90 14.15 10.90 16.40 12.90 (b) Total gross earnings Gross Earnings Check My Work All 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_2

Step: 3

blur-text-image_3

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

Introduction To Managerial Accounting

Authors: Peter Brewer, Ray Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan

6th Canadian Edition

1260060411, 9781260060416

More Books

Students also viewed these Accounting questions

Question

Discuss the general limitations of financial statement analysis.

Answered: 1 week ago

Question

Do any of my ideas contradict one another?

Answered: 1 week ago

Question

Who responds to your customers complaint letters?

Answered: 1 week ago

Question

Under what circumstances do your customers write complaint letters?

Answered: 1 week ago