Compute for the total earnings of five workers for the day

Assignment Help Cost Accounting
Reference no: EM132740217

Intel Company pays its workers a basic rate of P68 per hour plus 10% premium for ordinary overtime plus 10% night premium. The regular working days is from Monday to Friday, 8 am to 5 pm. In the 1st week of August, Intel Company required 5 of its workers to work beyond ordinary working time one Friday. The 5 workers worked up to 11 pm that Friday.

Problem 1: Compute for the total earnings of the 5 workers for the day, Friday, and determine the amount charged to factory overhead.

Reference no: EM132740217

Questions Cloud

The midas case study : Discuss whether or not operating practices should be changed to accommodate the tune-ups. Be sure to explain your reasoning.
What should wardlaw management do : What should Wardlaw's management do? How should Wardlaw price the new project? How do you expect the customer will respond?
Is estimated returns inventory an asset : For the fiscal year, sales were $46,680,000 and the cost of goods sold was $28,000,000. Is Estimated Returns Inventory an asset, liability
Hedging the foreign exchange rate risk : What do you understand from hedging the foreign exchange rate risk and why is it important for firms to do so?
Compute for the total earnings of five workers for the day : Intel Company, Compute for the total earnings of the 5 workers for the day, Friday, and determine the amount charged to factory overhead.
Approximate expected rate of inflation : Using the Fisher Effect Equation, what is the approximate expected rate of inflation in the U.S. over the next year?
What is the amount debited to accounts receivable : Sales tax - A sale of merchandise on account for $36,000 is subject to an 8% sales tax. What is the amount debited to Accounts Receivable
What is the present value of consulting contract : If Mr. Moore's opportunity cost (potential return) is 11 percent, what is the present value of consulting contract? (Do not round intermediate calculations.)
Explain one-year forward rate : If the spot exchange rate is $1.58 per euro, at what one-year forward rate would an investor be indifferent between the U.S. and Japanese investments

Reviews

Write a Review

Cost Accounting Questions & Answers

  One source of cash savings for a company

One source of cash savings for a company is improved management of inventory.

  Which never allocated to operating departments

Which of the following is NOT likely to happen if the costs of support departments are never allocated to operating departments?

  The rite-way plumbing co began business march 1 2006 in

the rite-way plumbing co. began business march 1 2006 in sarasota. its business address is 124 division lane sarasota

  Determine its contribution margin ratio

For a given company Barco Fibre Ltd, total sales revenue is INR 20,00,000 and total variable costs are INR 16,00,000 then determine its contribution margin ratio

  Break down total variance for materials into price variance

Break down the total variance for materials into a price variance and a usage variance. Break down the total variance for labor into a rate variance and an efficiency variance.

  What is argument for finite uniformity for leases

What is the argument for finite uniformity in accounting for leases? Why is finite uniformity difficult to achieve? Explain what the relevant circumstances are in accounting for different types of leases.

  Define what is the projected operating income

If sales double next month, what is the projected operating income

  What monthly sales in members and dollars have to achieve

Using the information from part 1, section 1, what would monthly sales in members and dollars have to be to achieve a target net income of $15,000 for month?

  1 what are some ways that customers affect a firms costs 2

1. what are some ways that customers affect a firms costs? 2. what is the objective of joint cost allocation?3. when

  Identify three primary advantages of using costing method

Identify the three primary advantages and three primary disadvantages of using the costing method (LIFO, FIFO, and weighted average) that is used to record inve

  Compute break even sales in units and in rupees

Compute Break even sales in units and in Rupees. A company annually manufactures and sells 20000 units of a product and the selling price

  Discuss breakeven sensitivity analysis

Discuss Breakeven Sensitivity Analysis, Delta Tucker Holdings Inc.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd