18 For a 13-person team, on average, how many overtime hours will each person need to work? 58 230 924 Labor Information 5405 Regular Rate $16.00/hr Overtime Rate $23.50/hr Targeted Labor Cost $12,000/wk Labor Hours Needed 750/wk Any hour worked over 40 hrs/wk must be paid overtime rate
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- Labor Information Regular Rate $15.00/hr Overtime Rate $24.50/hr Targeted Labor Cost $12,000/wk Labor Hours Needed 800/wk Any hour worked over 40 hrs/wk must be paid overtime rate 27 67 320 1000 7840 For a 12-person team, on average, how many overtime hours will each person need to work?Assuming an average work week to be 40 hours, complete the following table to determine the final gross pay (assume overtime is paid at the rate of time and a half): Total Regular Regular Hours Overtime Regular Рay Overtime Hours OT Rate Gross Pay Rate Hours рay 46 $13.40 $20.10 40 $536.00 $120.60 $656.60 Sample worked 13.40x 1.5%= $reg pay x 1.5 13.40 x 40 $656.60 40 6. $536.00 616.40 20.1x6 $120.60 out $20.10 (if no OT pd) 54 $21.00 47.25 $14.25 Other Pay ConsiderationsStandard time allowed for a job is 100 hours. Rate is $.2/- per hour Hours worked to complete the job: A 12 hours B 10 hours C 9 hours D 8 hours Calculate the total earnings and effective rate of earnings per hour under the Barth Variable sharing Plan.
- Hours Worked Hourly pay rate Gross pay (must show your work) 40 $15Calculating Gross Pay based on Wage with Overtime Step 1Determine regular hours Should be 40 unless otherwise Step 2: overtime Hours workedovertime Step 3: Calculate pay Regular hours 40 Step 4Calculate overtime Overtime hours Overtime hours 1.5 = pay Step 5: Add regular pay to Overtime payRegular pays Tyler work 53 hours last week. His regular pay rate is 515 / h * our What is his gross pay? Step 1: 40 hours Step 2: 53.4 = 13hours Step 3: 40*515=\$600 Step 4: 13 * 515 * 1.5 = 5292.5 Step 5: 5600+\$292.50=\$892.50 im not sure if I'm right on the first problem the writing above is a example12. Calculate the total earnings of the worker under Halsey-Weir Plan: Time allowed 35 hours Time Taken 30 hours Hourly Rate RO 15
- 3. In Ibra Manufacturing Company, employees are paid on the basis of time rate plus a bonus is also paid if the set amount of work is completed faster than the time allowed. Bonus is paid at the rate of 50% of time saved and time rate. The details of employees and their production are given below; Time allowed Actual Production (per week) 150 Name of Time Rate Per employee Humaid Hours worked (per week) 40 15 Min, each Hour 4.5 Sudeer 6 42 30 Min, each 100 Jabir Hussain Salem 32 20 Min, each 45 15 Min, each 5.5 120 5 180 4 45 30 Min, each 80 Calculate Total Basic Pay of each employee?Standard time ( 12 ) hour Actual time ( 12 ) hour Rate per hour ( 7500 )D Assuming ( 20 )worker R. : Calculate the total wages7. Information below relates to Salih and Yaakob for a week. Salih Description Hours worked 30 hours Unit produced (units) 160 Rate/hour Rate/unit Normal working hours 44 hours 52 hours RM4.50 RM1.50 You are required to calculate the gross wage earned by each worker if they were paid using; ii. Yaakob 55 hours 168 RM3.50 RM1.00 i. time rate method with overtime paid at a premium of 20 percent on hourly rate. iii. piecework method. Elaborate on any advantage of piecework remuneration method in comparison to time rate method.
- K Pitt Accounting pays Peter Geller $97.290 per year Requirements 1. 2. What is the hourly cost to Pitt Accounting of employing Geller? Assume a 45-hour week and a 47-week year What direct labor cost would be assigned to Client 507 if Geller works 15 hours to prepare Client 507's financial statements? Requirement 1. What is the hourly cost to Pitt Accounting of employing Geller? Assume a 45-hour week and 47-week year Select the formula below that Pitt Accounting would use to calculate the hourly cost and complete the formula (Round the hourly cost to the nearest cent) Hourly cost Requirement 2. What direct labor cost would be assigned to Client 507 if Geller works 15 hours to prepare Client 507's financial statements? Select the fomula below that would be used to calculate the direct labor cost assigned to Client 507 and calculate that cost (Round the direct labor cost to the nearest cent). Direct labor costEmployees basic rate £5 per hour Time allowed for job 40 minutes Time taken for job 25 minutes Under the Rowan scheme, the total amount paid for the job would be A 63p B 53p C 47p D 30pComputing Overtime Rate of Pay and Gross Weekly Pay Rebecca Huang receives a regular salary of $2,600 a month and is paid 1½ times the regular hourly rate for hours worked in excess of 40 per week. a. Calculate Huang's overtime rate of pay. X overtime pay per hour b. Calculate Huang's total gross weekly pay if she works 45 hours during the week.