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 time due to power outage | 1 | hour |
|
1. Calculate the total cost of the employee’s wages during the week described above. 2.Determine the portion of this cost to be classified in each of the following categories:
|
||
Homework Answers
Add Answer to:
Highlander Cutlery manufactures kitchen knives. One of the
employees, whose job is to cut out wooden...
Highlander Cutlery manufactures kitchen knives. One of the employees, whose job is to cut out wooden...
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...
Kaleidoscope Cutlery manufactures kitchen knives. One of the employees, whose job is to cut out wooden...
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...
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
[The following information applies to the questions displayed below. Kaleidoscope Cutlery manufactures kitchen knives. One of...
[The following information applies to the questions displayed below. 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 handles General shop cleanup duties Idle time due...
PROBLEM 2-14/Classification of Labour Costs ILO1] Big Sky Equipment manufact ures and sells camping equipment. Employees...
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...
Jan Davis is employed by Wesley Limited. Last week she worked 54 hours assembling one of...
Jan Davis is employed by Wesley Limited. Last week she worked 54 hours assembling one of the company's products. Wesley's employees work a 40-hour week and Davis is paid $26 per hour. Employees are paid time and a half for any hours worked in excess of the standard 40 hours. Assume the overtime is the result of an overall increase in demand for all products. Required: 1. Allocate Davis's wages for the week between direct labour cost and manufacturing overhead...
Petrell Inc. is a wholesale distributor supplying a wide range of high-end cooking knives for the...
Petrell Inc. is a wholesale distributor supplying a wide range of high-end cooking knives for the professional chef. Petrell has an enviable reputation for quality of its products. The demand for Petrell ’s products is so great that at times Petrell cannot satisfy the demand and must delay or refuse some orders, in order to maintain its production quality. Additionally, Petrell purchases some of its products from outside suppliers in order to meet the demand. These suppliers are carefully chosen...
Jan Davis is employed by Wesley Limited. Last week she worked 55 hours assembling one of...
Jan Davis is employed by Wesley Limited. Last week she worked 55 hours assembling one of the company’s products. Wesley’s employees work a 40-hour week and Davis is paid $28 per hour. Employees are paid time and a half for any hours worked in excess of the standard 40 hours. Assume the overtime is the result of an overall increase in demand for all products. Required: 1. Allocate Davis’s wages for the week between direct labour cost and manufacturing overhead...
Exercise 2-12 Classification of Labour Costs [LO1) Jan Davis is employed by Wesley Limited. Last week...
Exercise 2-12 Classification of Labour Costs [LO1) Jan Davis is employed by Wesley Limited. Last week she worked 56 hours assembling one of the company's products, Wesley's employees work a 40-hour week and Davis is paid $30 per hour Employees are paid time and a half for any hours worked in excess of the standard 40 hours. Assume the overtime is the result of an overall increase in demand for all products, Required: 1. Allocate Davis's wages for the week...
Whether to Work Overtime or Hire Additional Employees The Fair Labor Standards Act requires employers to...
Whether to Work Overtime or Hire Additional Employees The Fair Labor Standards Act requires employers to pay nonexempt status employees an overtime rate at least equal to 1.5 times the normal hourly wage for each hour worked beyond the 40-hour workweek period. ACME manufacturing has just signed a lucrative contract to produce the casings for flashlights. The contract spans five years. During this time, ACME must increase its total manufacturing output by 25 percent. To meet this added demand, the...
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
[The following information applies to the questions displayed below. 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 handles General shop cleanup duties Idle time due...
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...
Jan Davis is employed by Wesley Limited. Last week she worked 54 hours assembling one of the company's products. Wesley's employees work a 40-hour week and Davis is paid $26 per hour. Employees are paid time and a half for any hours worked in excess of the standard 40 hours. Assume the overtime is the result of an overall increase in demand for all products. Required: 1. Allocate Davis's wages for the week between direct labour cost and manufacturing overhead...
Exercise 2-12 Classification of Labour Costs [LO1) Jan Davis is employed by Wesley Limited. Last week she worked 56 hours assembling one of the company's products, Wesley's employees work a 40-hour week and Davis is paid $30 per hour Employees are paid time and a half for any hours worked in excess of the standard 40 hours. Assume the overtime is the result of an overall increase in demand for all products, Required: 1. Allocate Davis's wages for the week...
Most questions answered within 3 hours.
-
Do you think companies should not go for long term debt in their
capital structure to...
asked 6 minutes ago -
I create an address book where the user enters the name, phone
and email in the...
asked 12 minutes ago -
The production capacity for acrylonitrile
(C3H3N) in the United States exceeds 2
million pounds per year....
asked 20 minutes ago -
explain and comment out your answer
43. How many address lines are required to address a...
asked 26 minutes ago -
A sample of 45 observations is selected from a normal
population. The sample mean is 49,...
asked 41 minutes ago -
A construction company is planning to bid on a building
contract. The bid costs the company...
asked 38 minutes ago -
A firm operating in a purely competitive environment is faced
with a market price of $250....
asked 45 minutes ago -
•Let’s say someone claims the average population size is
600 feet squared and the housing authority...
asked 53 minutes ago -
Cynaide is a deadly poison that blocks the last step in the
electron transport chain of...
asked 57 minutes ago -
Your friend tells you that there is a vending machine on campus
that dispenses M&M packs...
asked 1 hour ago -
What advantages are there to using piperidine rather than
hydroxide as a base?
asked 1 hour ago -
7. The life of a Freeze Breeze electric fan is normally
distributed with a mean 4...
asked 1 hour ago