The answer is { True }.
•Explanation of this statement why it is true -
A completed time ticket is an hour-by-hour summary of the employee's activities throughout the day.
• At the end of the day, the time tickets are sent to the Accounting Department, where the direct labor-hours and costs are recorded on individual job cost sheets.
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An employee time ticket is an hour-by-hour summary of the employee's activities throughout the day. True...
An employee's rate of pay is $36 per hour, with time-and-a-half for all hours worked in excess of 40 per week. The employee worked 45 hours during the week. The amount of the employee's gross pay for the week is:
6: 6. Selling and Administrative expenses are charged to the manufacturing overhead account. TRUE FALSE 7. The labor time ticket contains the details of how much time an employee takes on each task throughout the day.
T/F and Explain why Please 1) A cost driver is a factor, such as machine-hours, beds occupied, computer time, or flight-hours, that causes direct costs. 2) Job-order costing systems often use allocation bases that do not reflect how jobs actually use overhead resources. 3) An employee time ticket is an hour-by-hour summary of the employee's activities throughout the day. 4) The formula for computing the predetermined overhead rate is: Predetermined overhead rate = Estimated total manufacturing overhead cost ÷ Estimated...
TRUE/FALSE. Mark "A" for true, "B" for false. 16) Money management refers to day-to-day financial activities necessary to manage current personal economic resources while working toward long-term financial security. 16) MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question 17) 17) The main purposes of personal financial statements are to A) Measure your progress toward financial goals B) Maintain information about your financial activities. C) Provide data for preparing tax forms or applying for...
Which of the following is true about variable pricing of sports tickets? A. Ticket prices change in real-time throughout the season B. Ticket prices only change on gameday, but never before C. Ticket prices are set before the season, do not change over time, but vary from game-to-game D. Ticket prices are set before the season and are the same for all games.
List activities, events, procedures, routines throughout the day that could teach economic concepts to young child.
One employee is in charge of the following activities at a refreshment stand: Activity Activity Time per Customer Greet customer 5 seconds Take order 25 seconds Process order 1.5 minutes Print receipt 30 seconds If demand rate is 20 customers per hour and the process is not constrained by input raw materials, what are the flow rate (in customers per hour), utilization, and cycle time (in minutes per customer)? Note: Here "cycle time" is the reciprocal of the Flow Rate....
An hourly employee is paid $30/hour for a 40 hour week. Overtime is paid at time-and-a-half for hours worked in excess of 40 hours. In the prior week, the employee worked 48 hours. Federal income taxes of $250 were withheld, and state income taxes of $40 were withheld. FICA taxes of 6.2% (Social Security) and 1.45% (Medicare) were also withheld. What is the weekly gross pay amount or this employee? What is the weekly net pay amount for this employee?
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...
Fair Labor: A Firefighter is a full-time employee but responds back off-duty because she wants to help out, not because the department requires her to. She is involved in department activities for three hours. Can the employer elect to not pay her for the three hours since she came back because she wanted to? True=yes False=no True False Americans with Disabilities: Can a condition that poses direct threat to others be a basis for not hiring the person? True=yes False=no...