Question

PLEASE ONLY ANSWER 2-18B

eTextbook: Payroll Accounting 2020 eTextbook: u Payroll SO Accounting 2020 . Q " TT A Quick Tour Print Search Annotations Accessibility Bookmark Compute the tal regular and over time earrings the weak Methods of Computing Wages and Salaries $576.19 + $26.20 = $602.39 piecework and overtime earnings Time Rate Plece Rate Special Incentive Plans Commissions Overtime Earnings for Pieceworkers-Method B Another method of computing overtime payment for pieceworkers complies with the requirements of the FLSA. Before doing the work, piece-rate employees may agree with their employer, in advance of the work being done, to be paid at a rate not less than one and one-half times the piece rate for each piece produced during the overtime hours. No additional overtime pay will be due to the employees. Nondiscretionary Bonuses Profre Sharing Plans Key Terms Example 2-24. Key Peints Surtmary Assume that in the preceding example, Fritz earned overtime at a piece rate of one and one-half times the regular rate for all pieces produced during overtime hours. Of the total 3,073 pieces produced, 272 were produced in the 4 overtime hours. Fritz's total piecework and overtime earnings are as follows: Matching Quiz Questions for Review 2,801 x $0.1875 = $525.19 piece work earnings 272 pieces $0.2813 ($0.1875 x 1.5) = $76.51 overtime earnings $525.19 - $76.51 - 8601.70 piece work and overtime earnings Questions for Discussion Problem Set- Problern Set - B Self-Study Quiz 2-4. Continuing Payroll Problem. A Bruce Eaton is paid 10 cents per unit under the piece-rate system. During one week, Eaton worked 46 hours and produced 5,520 units. Compute the following: Continuing Payroll Problem. B 1. The piece okami S ANSWER! Jump to Page 227 со 2. The regular hourly rate S ANSWER

2-17B is only used for reference.

Screenshoot of the examples are provided.

2-17B.

LO 5 See Example 2-23 on page 2-28

During the first week in April, Courtney Nelson worked 46 hours and produced 1,450 units under a piece-rate system. The regular piece rate is $0.38 a unit. Nelson is paid overtime according to the FLSA ruling for overtime work under a piece-rate system.

See Example 2-23

Overtime Earnings for Pieceworkers—Method A

For overtime work, the pieceworker is entitled to be paid, in addition to piecework earnings for the entire period, a sum equal to one-half the regular hourly rate of pay multiplied by the number of hours worked in excess of 40 in the week.

2-18B.

LO 5 See Example 2-24 on page 2-29

Refer to Problem 2-17B. Assume that Nelson had agreed with her employer prior to the performance of the work that she would be paid one and one-half times the regular piece rate for all pieces produced during the overtime hours. Assume that her production totals for the week were 1,120 pieces during regular hours and 330 pieces during overtime hours. Compute:

The piecework earnings $

Regular hourly rate

Overtime hourly rate

The overtime earnings

The total earnings $  

Answer 1

With the Reference problem 2-17B

The Piecework earning under regular hourly rate (1120 pieces*$0.38) = $ 425.60

Overtime hourly rate for Pieces during overtime hours ( 330pieces * $0.38) * 1.5 times = $ 188.10

As per FLSA system 0.50 paid for number of hour work above 40 per week

( 46 hour - 40 hour = 6 hour * $0.38 * 0.50 ) = $ 1.14

(i) Regular piece work earning = $ 425.60

(ii) Overtime Earning

-- Earning in Overtime hour $ 188.10

-- Earning under FLSA System $ 1.14 = $ 189.24

(iii) Total Earning

-- Regular Piece work Earning $ 425.60

-- Overtime Earning $ 189.24 = $ 614.84