Homework Answers
Solution:
Direct labor cost = 56*$30 = $1,680
Manufacturing overhead costs = (56-40) * $30*50% = $240
Total wages earned = $1,680 + $240 = $1,920
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Exercise 2-12 Classification of Labour Costs [LO1) Jan Davis is employed by Wesley Limited. Last week...
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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...
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