Overwood works fluctuating work schedules

Assignment Help Accounting Basics
Reference no: EM13129716

Carrie Overwood works fluctuating work schedules. Besides her fixed salary of $1050 per week, her employment agreement provides for overtime pay at an extra half-rate for hours workded over 40. This week she worked 48 hours. If this was a BELO plan with a pay rate of $22.00 per hour and a maximum of 53 hours, how much would Overwood be paid for 48 hours.

Reference no: EM13129716

Questions Cloud

Example of integral : Create an integral whereby you are forced to use all four types of integration. Work the problem and explain why each (u-substitution, trig substitution, fractions, parts) are all needed.
Illustrate what are the yearly depreciation expenses in this : The machine is expected to have a working life of six years. If straight-line depreciation is used, illustrate what are the yearly depreciation expenses in this case?
What is a characteristic line : What is a characteristic line? How is this line used to estimate a stock's beta coefficient? Write out and explain the formula that relates total risk, market risk, and diversifiable risk.
Prepare all necessary journal entries in 2010 : Holmes, Inc. obtained significant influence over Nadal Corporation by buying 25% of Nadal's 30,000 outstanding shares of common stock at a total cost of $9 per share on January 1, 2010. On June 15, Nadal declared and paid a cash dividend of $36,00..
Overwood works fluctuating work schedules : Carrie Overwood works fluctuating work schedules. Besides her fixed salary of $1050 per week, her employment agreement provides for overtime pay at an extra half-rate for hours workded over 40.
Determine the inventories direct labor costs : Assuming that the company's $490,000 ending finished goods inventory account for 2011 had $250,000 of direct materials costs, determine the inventories direct labor costs and its overhead costs.
Compute the cost of goods available for sale : Compute the cost of goods available for sale and the units available for sale for this four week period. Assume that no sales occur during those four weeks.
Composition of the risky portfolio : Now add a set of indifference curves and illustrate how an investor's optimal portfolio is some combination of the risky portfolio and the risk-free asset. What is the composition of the risky portfolio?
Compute noncontrolling interest in the subsidiary income : On January 1, 2011, Sledge had common stock of $120,000 and retained earnings of $260,000. During that year, Sledge reported sales of $130,000, cost of goods sold of $70,000, and operating expenses of $40,000.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Securities markets-economy

After the events of September 11, we were without our securities markets for few days. Though, it was a difficult condition, the markets opened in a few days and we managed.

  Hoyt''s tax return

Harris moves and Hoyt refunds $1,050 of  the deposit and keeps the remainder to cover $750 which is spent for repairs to the office space  and one week of unpaid rent that amounts to $600. How would this information be reflected on  Hoyt's tax ret..

  Re-establish level of compensation

In your opinion, should the other partners allow the problem partner to re-establish their level of compensation when there was originally an issue? Why/why not?

  Division incurred before-tax operating losses

The division incurred before-tax operating losses of $130,000 from the beginning of the year through December 15.

  Entry to write off using allowance method

Under the allowance method, the entry to write off a $2,600 uncollectible account includes a(n) :

  Risk and return-bond income-capital gain

John Haven purchased a bond for $9,500. The bond pays $300 interest every six months. If John decides to sell the bond after 18 months for $10,000 what would be his:

  Difference between actual and planned results

Policies regarding when a difference between actual and planned results should be investigated are generally more restrictive for non controllable items than for controllable items.

  Computing the proper earnings

During the year 2010, the corporation earned $600,000 after deducting all expenses. The tax rate was 30%. Compute the proper earnings per share for 2010.

  Exclusive of the effect of other adjustments

Accounts receivable arising from sales to customers amounted to $40,000 and $35,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $110,000. Exclusive of the effect of other adjustments, t..

  Problem related to tax treatments

Chuck contributed cash of $30,000 and land with a basis of $40,000 (fair market value of $70,000). Greg contributed cash of $60,000 and a fully depreciated property ($0 basis) valued at $40,000. Which of the following tax treatments is not correct..

  Direct materials cost and direct labor cost

What term is commonly used to describe the concept whereby the cost of manufactured products is composed of direct materials cost, direct labor cost, and factory overhead cost?

  Cost depletion or percentage depletion

The taxpayer may deduct either cost depletion or percentage depletion, which for the type ore production is 8 percent of production sold from the mine.

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