[The following information applies to the questions displayed below. Kaleidoscope Cutlery manufactures kitchen knives. One of...
Kaleidoscope Cutlery manufactures kitchen knives. One of the employees, whose job is to cut out wooden knife handles, worked 49 hours during a week in January. The employee earns $14 per hour for a 40-hour week. For additional hours the employee is paid an overtime rate of $19 per hour. The employee's time was spent as follows: Regular duties involving cutting out knife 1 hours 6 hours 2 hours handles General shop cleanup duties Idle time due to power outage...
Highlander Cutlery manufactures kitchen knives. One of the 48 hours during a week in January. The paid an overtime rate of $18 per hour. The employee's time was spent as tollows worked employee is employee earns $10 per hour for a 42-hour week. For additional hours, the Regular duties involving cutting out knife handles General shop cleanup duties 38 hours 9 hours 1 hour Idle time due to power outage
Highlander Cutlery manufactures kitchen knives. One of the
employees, whose job is to cut out wooden knife handles, worked 51
hours during a week in January. The employee earns $15 per hour for
a 40-hour week, and overtime is paid after 40 hours. For additional
hours the employee is paid an overtime rate of $20 per hour. The
employee’s time was spent as follows:
Regular duties involving cutting out knife handles
43
hours
General shop cleanup duties
7
hours
Idle...
Highlander Cutlery manufactures kitchen knives. One of the employees, whose job is to cut out wooden knife handles, worked 53 hours during a week in January. The employee earns $16 per hour for a 40-hour week, and overtime is paid after 40 hours. For additional hours the employee is paid an overtime rate of $21 per hour. The employee’s time was spent as follows: Regular duties involving cutting out knife handles 45 hours General shop cleanup duties 5 hours Idle...
PROBLEM 2-14/Classification of Labour Costs ILO1] Big Sky Equipment manufact ures and sells camping equipment. Employees in the production department are paid $30 per hour but receive $45 per hour for each hour worked in excess of 40 hours per week. Required: 1. Calculate the total wages for the week if an employee works 50 hours. Of the total, how much would the company allocate to direct labour cost? To manufacturing overhead cost? In a different week, suppose an employee...
Required information (The following information applies to the questions displayed below.) The following cost data for the year just ended pertain to Sentiments, Inc., a greeting card manufacturer: Direct materia Advertising expense Depreciation on factory building Direct labor: wages Cost of finished goods inventory at year-end Indirect labor wages Production supervisor's salary Service department costs Direct labor: fringe benefits Indirect labor: fringe benefits Fringe benefits for production supervisor Total overtime premiums paid Cost of idle time: production employees Administrative costs...
Required information The following information applies to the questions displayed below.] Kitchen King's Toledo plant manufactures three product lines, all multi-burner, ceramic cook tops. The plant's three product models are the Regular (REG), the Advanced (ADV), and the Gourmet (GMT). Until recently, the plant used a job- order product-costing system, with manufacturing overhead applied on the basis of direct-labor hours. The following table displays the basic data upon which the traditional costing system was based REG ADV GMT Planned annual...
Required information The following information applies to the questions displayed below.] Kitchen King's Toledo plant manufactures three product lines, all multi-burner, ceramic cook tops. The plant's three product models are the Regular (REG), the Advanced (ADV), and the Gourmet (GMT). Until recently, the plant used a job- order product-costing system, with manufacturing overhead applied on the basis of direct-labor hours. The following table displays the basic data upon which the traditional costing system was based REG ADV GMT Planned annual...
[The following information applies to the questions displayed below. Kitchen King's Toledo plant manufactures three product lines, all multi-burner, ceramic cook tops. The plant's three product models are the Regular (REG), the Advanced (ADV). and the Gourmet (GMT). Until recently, the plant used a job- order product-costing system, with manufacturing overhead applied on the basis of direct-labor hours. The following table displays the basic data upon which the traditional costing system was based. $171 (9 hrs. $19 per hr.) $2e9...
Required information (The following information applies to the questions displayed below.] Spiffy Shades Corporation manufactures artistic frames for sunglasses. Talia Demarest, controller, is responsible for preparing the company's master budget. In compiling the budget data for 20x1, Demarest has learned that new automated production equipment will be installed on March 1. This will reduce the direct labor per frame from 3.0 hours to 2.75 hours. Labor-related costs include pension contributions of $1.05 per hour, workers' compensation insurance of $0.75 per...