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2. Baby Face earns $30 per hour for up to 300 hours of production per day....
2. Baby Face earns $ 30 per hour for up to 300 hours of production per...
2. Baby Face earns $ 30 per hour for up to 300 hours of production per day. If he produces more than 300 units, he earns $0.50 for each extra unit. Assume that he, on the average each week 1500 product. In the week ending July 15, 2019, Mr Baby Face produced 1, 800 products. Baby Face earns $30 per hour for up to 300 hours of production per day. If he produces more than 300 units, he earns $0.50...
Baby Face earns $30 per hour for up to 300 hours of production per day. If he...
Baby Face earns $30 per hour for up to 300 hours of production per day. If he produces more than 300 units, he earns $0.50 for each extra unit. Assume that he, on the average each week 1500 product. In the week ending July 15, 2019, Mr Baby Face produced 1, 800 products. Required: Determine Baby Face’s earning for the week ending July15, 2019. Provide the necessary general journal entries to record the earnings to the manufacturing accounts.
26. Under a modified wage plan, Him works an eight-hour day and earns $.50 for each...
26. Under a modified wage plan, Him works an eight-hour day and earns $.50 for each finished unit he produces in excess of 200 units. However, he is guaranteed $12.50 per hour as a minimum wage. His production this week was as follows: Monday 220 units Tuesday 180 units Wednesday 200 units Thursday 200 units Friday 190 units How much was the make-up guarantee paid to Jim this week? a $10 b. $5 c. $15 d. $12.50 27. Under a...
eBook Show Me How Calculator Calculate Payroll An employee earns $30 per hour and 1.5 times...
eBook Show Me How Calculator Calculate Payroll An employee earns $30 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. If the employee worked 54 hours during the week Assume that the social security tax rate is 6.0%, the Medicare tax rate is 1.5%, and the employee's federal income tax withheld is $295. a. Determine the employee's gross pay for the week. b. Determine the employee's net pay for the week. Round...
An employee earns $30 per hour and 1.5 times that rate for all hours in excess of 40 hours per week
An employee earns $30 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. If the employee worked 54 hours during the Assume that the social security tax rate is 6.0%, the Medicare tax rate is 1.5%, and the employee's federal income tax withheld is $295. a. Determine the employee's gross pay for the week. b. Determine the employee's net pay for the week. Round your answer to two decimal places. Liability Transactions The following items were...
10A-2. Ron works for the local supermarket. Ron's pay is $8 per hour for the first...
10A-2. Ron works for the local supermarket. Ron's pay is $8 per hour for the first 40 hours each week. He receives time-and-a-half for any hours he works over 40. Ron's income tax withholding is 15% of gross pay for the federal government and 5% for the state. He also pays the FICA tax of 7.65% of his gross pay. Ron's employer pays mandatory union dues of $30, his share of the company-supplemented health insurance premium of $55, and a...
10A-2. Ron works for the local supermarket. Ron's pay is $8 per hour for the first...
10A-2. Ron works for the local supermarket. Ron's pay is $8 per hour for the first 40 hours each week. He receives time-and-a-half for any hours he works over 40. Ron's income tax withholding is 15% of gross pay for the federal government and 5% for the state. He also pays the FICA tax of 7.65% of his gross pay. Ron's employer pays mandatory union dues of $30, his share of the company-supplemented health insurance premium of $55, and a...
Please help me graph both questions :) thank you Walt earns $5 per hour in his...
Please help me graph both questions :) thank you
Walt earns $5 per hour in his job as a caretaker. After allowing time for all of the activities necessary for bodily upkeep, he has 80 hours per week to allocate between leisure and labor. Assume that each unit of consumption can be purchased for $1. 1st attempt Part 1 (1 point) See Hint Suppose the government has the following policy: If an individual is not working, he receives a tax-free...
Given Information Service Price per hour: $96.00 Sales Price per Hour: $84 Cost per Unit Sold:...
Given Information Service Price per hour: $96.00 Sales Price per Hour: $84 Cost per Unit Sold: 38.75 Part 2 – General Journal (LO3-2) – Post the following journal entries to the general journal. Trans. Date Description 1 Dec. 1 Sell 45,000 shares of no-par value common stock for $130,000 to obtain the funds necessary to start your business. 2 Dec. 1 Borrow $30,000 from the local bank and sign a one-year note. Interest and principal to be paid at maturity. ...
Service Revenue per hour = $40 Sales Revenue per unit = $10 Purchase Price per unit...
Service Revenue per hour = $40
Sales Revenue per unit = $10
Purchase Price per unit = $2
Part 2 - General Journal - Record the following journal entries in the General Journal. • Bison Corporation uses a perpetual inventory system and values inventory with the FIFO method. • Bison Corporation offers a sales discount of 2/10, net 30 to all customers who purchase on account. Trans. Date May 1 Description Sell 60,000 shares of $1 par common stock for...
2. Baby Face earns $ 30 per hour for up to 300 hours of production per day. If he produces more than 300 units, he earns $0.50 for each extra unit. Assume that he, on the average each week 1500 product. In the week ending July 15, 2019, Mr Baby Face produced 1, 800 products. Baby Face earns $30 per hour for up to 300 hours of production per day. If he produces more than 300 units, he earns $0.50...
26. Under a modified wage plan, Him works an eight-hour day and earns $.50 for each finished unit he produces in excess of 200 units. However, he is guaranteed $12.50 per hour as a minimum wage. His production this week was as follows: Monday 220 units Tuesday 180 units Wednesday 200 units Thursday 200 units Friday 190 units How much was the make-up guarantee paid to Jim this week? a $10 b. $5 c. $15 d. $12.50 27. Under a...
eBook Show Me How Calculator Calculate Payroll An employee earns $30 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. If the employee worked 54 hours during the week Assume that the social security tax rate is 6.0%, the Medicare tax rate is 1.5%, and the employee's federal income tax withheld is $295. a. Determine the employee's gross pay for the week. b. Determine the employee's net pay for the week. Round...
10A-2. Ron works for the local supermarket. Ron's pay is $8 per hour for the first 40 hours each week. He receives time-and-a-half for any hours he works over 40. Ron's income tax withholding is 15% of gross pay for the federal government and 5% for the state. He also pays the FICA tax of 7.65% of his gross pay. Ron's employer pays mandatory union dues of $30, his share of the company-supplemented health insurance premium of $55, and a...
10A-2. Ron works for the local supermarket. Ron's pay is $8 per hour for the first 40 hours each week. He receives time-and-a-half for any hours he works over 40. Ron's income tax withholding is 15% of gross pay for the federal government and 5% for the state. He also pays the FICA tax of 7.65% of his gross pay. Ron's employer pays mandatory union dues of $30, his share of the company-supplemented health insurance premium of $55, and a...
Please help me graph both questions :) thank you
Walt earns $5 per hour in his job as a caretaker. After allowing time for all of the activities necessary for bodily upkeep, he has 80 hours per week to allocate between leisure and labor. Assume that each unit of consumption can be purchased for $1. 1st attempt Part 1 (1 point) See Hint Suppose the government has the following policy: If an individual is not working, he receives a tax-free...
Service Revenue per hour = $40
Sales Revenue per unit = $10
Purchase Price per unit = $2
Part 2 - General Journal - Record the following journal entries in the General Journal. • Bison Corporation uses a perpetual inventory system and values inventory with the FIFO method. • Bison Corporation offers a sales discount of 2/10, net 30 to all customers who purchase on account. Trans. Date May 1 Description Sell 60,000 shares of $1 par common stock for...
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