Please do not give solution in image format thanku SMia works in both the jewelry department and the cosmetics department of a retail store. She assists customers in both departmentsand organizes merchandise in both departments. The store allocates her wages between the two departments based on the timeworked in the two departments in each two-week pay period. Mia reports the following hours and activities spent in the twodepartments in the most recent two weeks. Allocate Mia's $1,320 of wages for two weeks to the two departments.ActivitiesSelling in jewelry departmentOrganizing in Jewelry departmentSelling in cosmetics departmentOrganizing in Cosmetics departmentTotalDepartment Hours workedJewelryCosmeticsTotalsHours49814576Percent of Hours workedNumerator Denominator Percent of hoursWagesCost Allocated

Cost allocated is the method of allocating indirect cost to products and services by fairly…

Answered: ry department ewelry department etics…

ry department ewelry department etics department osmetics department s worked Hours 49 Numerator Denomin 8 14 5 76 Percent of Hours worked Wages

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Mia works in both the jewelry department and the cosmetics department of a retail store. She assists customers in both departments and organizes merchandise in both departments. The store allocates her wages between the two departments based on the time worked in the two departments in each two-week pay period. Mia reports the following hours and activities spent in the two departments in the most recent two weeks. Allocate Mia's $2,400 of wages for two weeks to the two departments. Activities Selling in jewelry department Organizing in Jewelry department Selling in cosmetics department Organizing in Cosmetics department Total Department Hours worked Jewelry Cosmetics Totals Hours 39 18 14 5 76 Percent of Hours worked Numerator Denominator Percent of hours Wages Cost Allocated
Jessica Porter works in both the Jewelry department and the Cosmetics department of a retail store. Sheassists customers in both departments and arranges and stocks merchandise in both departments. The storeallocates her $30,000 annual wages between the two departments based on the time worked in the twodepartments in each two-week pay period. On average, Jessica reports the following hours and activitiesspent in the two departments. Allocate Jessica’s annual wages between the two departments.Activities HoursSelling in Jewelry department 51Arranging and stocking merchandise in Jewelry department . . . . . . . . . . . . . . 6Selling in Cosmetics department 12Arranging and stocking merchandise in Cosmetics department 7$7,500 to Idle time spent waiting for a customer to enter one of the departments . 4
Calista Flood receives tips from customers as a standard component of her weekly pay. She is paid $4.05/hour by her employer and receives $362 in tips during the most recent 39-hour workweek.Gross Pay = $ Bethany Pugh receives tips from customers as a standard component of her weekly pay. She is paid $3.54/hour by her employer and receives $168 in tips during the most recent 52-hour workweek.Gross Pay = $
Lann works for Talbert Electronics. As a shared employee, Lann works in the manufacturing department and has been trained to work the sales counter when needed. During this period Lann was asked to work the sales counter for two days, 5 hours each day during other employees' vacations. Lann earns $17.30 per hour in the manufacturing department and a $2.50 pay differential for working the sales counter. There was a total of 39 hours and 30 minutes worked during the week. Lann is married filing joint with no dependents. Required: Compute Lann's pay for the week ending August 19 using the hundredth-hour system. Note: Do not round intermediate calculations. Round your final answers to 2 decimal places. Company Talbert Electronics Name Lann - Manufacturing Lann-Sales Total Pay Filing Status MJ MJ Dependents None None Hourly Rate or Period Wage $ 17.30 19.80 Period Ended: Number of Regular Hours 10.00 8/19/2022 $ Regular Earnings 198.00 198.00
Morris Lann works for Talbert Electronics. He is a shared employee; he works in the manufacturing department and has been trained to work the sales counter when needed. He was asked to work the sales counter for two days, five hours each day during other employees' vacations. When he works in the manufacturing department, he earns $16.50 per hour. Morris earns a $2.50 pay differential for working the sales counter. He worked a total of 39 hours and 30 minutes during the week. Morris is married filing joint with no dependents. Compute Morris’s pay for the week ending August 20 using the hundredth-hour system. (Do not round intermediate calculations. Round your final answers to 2 decimal places.)
Molly Mocha employs one college student every summer in her coffee shop. The student works the five weekdays and is paid on the following Monday. (For example, a student who works Monday through Friday, June 1 through June 5, is paid for that work on Monday, June 8.) The coffee shop adjusts its books monthly, if needed, to show salaries earned but unpaid at month-end. The student works the last week of July, which is Monday, July 28, through Friday, August 1. If the student earns $100 per day, what adjusting entry must the coffee shop make on July 31 to correctly record accrued salaries expense for July?
Anita Workman receives tips from customers as a standard component of her weekly pay. She is paid $2.60/hour by her employer and receives $291 in tips during the most recent 44-hour workweek.Gross Pay = $ Cole Earnhardt receives tips from customers as a standard component of his weekly pay. He is paid 2.18/hour by his employer and receives $430 in tips during the most recent 43-hour workweek.Gross Pay = $
Morris Lann works for Talbert Electronics. He is a shared employee; he works in the manufacturing department and has been trained to work the sales counter when needed. He was asked to work the sales counter for two days, 5 hours each day during other employees' vacations. When he works in the manufacturing department, he earns $17.75 per hour. Morris earns a $1.50 pay differential for working the sales counter. He worked a total of 38 hours and 38 minutes during the week. Morris is married filing joint with no dependents. Required: Compute Morris's pay for the week ending August 20 using the hundredth-hour system. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Company Talbert Electronics Name Morris Lann - Manufacturing Morris Lann - Sales Total Pay Filing Status MJ MJ Dependents None None Hourly Rate or Period Wage Period Ended: Number of Regular Hours 08/20/20XX Regular Earnings
Jolly Cleaners offers residential and commercial cleaning services. Clients pay a fixed monthly fee for the service, but can cancel the service at the end of any month. In addition to the employees who do the actual cleaning, the firm includes two managers who handle the administrative tasks (human resources, accounting, and so on) and one dispatcher, who assigns the cleaning employees to jobs on a daily basis. On average, residential clients pay $320 per month for cleaning services and the commercial clients pay $1,800 per month. A typical residential client requires 10 hours a month for cleaning and a typical commercial client requires 40 hours a month. In March, Jolly Cleaners had 30 commercial clients and 160 residential clients. Cleaners are paid $15 per hour and are only paid for the hours actually worked. Supplies and other variable costs are estimated to cost $5 per hour of cleaning. Other monthly costs (all fixed) are $49,000 SG&A, including managerial and dispatcher…
Lambie Custodial Services (LCS) offers residential and commercial janitorial services. Clients are billed monthly but can cancel the service at the end of any month. In addition to the employees who do the actual cleaning, the firm employs two managers who handle the administrative tasks (human resources, accounting, and so on) and one dispatcher, who assigns the cleaning employees to jobs on a daily basis. On average, residential clients pay $600 per month for weekly cleaning services and the commercial clients pay $2,600 per month for daily service (weekdays only). A typical residential client requires 15 hours a month for cleaning and a typical commercial client requires 69 hours a month. In September, LCS had 75 commercial clients and 80 residential clients. Cleaners are paid $20 per hour and are only paid for the hours actually worked. Supplies and other variable costs are estimated to cost $10 per hour of cleaning. Other monthly costs (all fixed) are $29,000 selling, general, and…
Calculate gross pay for each of the following employees. All are paid an overtime wage rate that is 1.5 times their respective regular wage rates.NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation Amy Blackwood receives tips from customers as a standard component of her weekly pay. She is paid $2.38/hour by her employer and receives $155 in tips during the most recent 45-hour workweek. Calculate Gross Pay = $__________ Employees who receive tips are covered by the FLSA and therefore must be paid the applicable hourly minimum wage. A tipped employee is someone who typi-cally receives more than $30/month in tips. Employers can take advantage of a maximum tip credit of $5.12, which results in employees receiving an hourly wage of $2.13 ($7.25 minimum wage minus $5.12 tip credit). Employers who elect to take advantage of this tip credit must inform employees of their intention to do so…
Karen Jolly operates a bakery called Karen’s Cupcakes. She has five employees, all of whom are paid on a weekly basis. Karen’s Cupcakes uses a payroll register, individual employee earnings records, and a general journal. Karen’s Cupcakes uses a weekly federal income tax withholding table like the one in Figure 8-4 in the text. The payroll data for each employee for the week ended February 15, 20--, are given below. Employees are paid 1½ times the regular rate for working over 40 hours a week. No. of Marital Total Hours Total Earnings Name Allowances Status Worked Feb. 9–15 Rate Jan. 1–Feb. 8 Barone, William 1 S 40 $14.00 $3,360.00 Hastings, Gene 4 M 45 15.00 3,870.00 Nitobe, Isako 3 M 46 12.00 3,168.00 Smith, Judy 2 M 42 13.00 3,276.00 Tarshis, Dolores 1 S 39 14.50 3,480.00 Social Security tax is withheld from the first $128,400 of earnings at the rate of 6.2%. Medicare tax is withheld at the rate of 1.45%, and city earnings tax at…