What is the amount of the overtime premium paid

Assignment Help Managerial Accounting
Reference no: EM132748137

Problem - Brian worked 51 hours during the week. His normal working week consists of 40 hours, of which 37 hours were spent on production while the remaining 3 hours were idle time. Overtime is paid at time and a half. However, it is the policy of the company to pay staff 200% of the normal wage rate after the first three hours of overtime on any working day. Brian worked 5 hours of overtime on a job for which the customer required the work to be completed on the same day. Brian's normal wage rate is $12 per hour. The rest of the week Brian did not work more than three hours of overtime on any one day.

Required -

1) What is Brian's gross pay for the week?

2) How much of Brian's gross pay would be charged as direct labour?

3) What is the cost of idle time?

4) What is the amount of the overtime premium paid?

5) How much of Brian's gross pay is charged as a manufacturing overhead cost?

Reference no: EM132748137

Questions Cloud

Complete the table for absorption and variable costing : The fixed overhead rate under absorption costing is based on a practical capacity of 130,000 units per year. Complete table for absorption and variable costing
What is the current breakeven point in revenues : The weber Company manufactures and sells pens. Currently, 5,500,000 units are sold per year a $0.60 per unit. What is the current breakeven point in revenues
Compute the direct materials price and quantity variances : Direct materials standard (4 lbs. @ $3 per lb.) $12 per finished unit. Compute the direct materials price and quantity variances
How do these relate to key OB concepts and theories : What are the people issues and how do these relate to key OB concepts and theories?
What is the amount of the overtime premium paid : Brian worked 51 hours during the week. Brian's normal wage rate is $12 per hour. What is the amount of the overtime premium paid
What is the database transaction : What is the Database transaction? What do you understand by Join? Define Database Lock and its types.
Calculate the ROA for each company : Calculate the ROA for each company. Which businesses represent the strongest entrepreneurial business opportunities? Provide an explanation of your choice
Data-generation machine : You are in fact a data-generation machine. Each use of your phone, every transaction you make using a debit or credit card,
How would the situation and conclusions change : How would the situation and conclusions change if that scenario were approach from one of the two other methodological approaches than it was.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Restaurant except for organization-sustaining costs

The above costs include all of the costs of the restaurant except for organization-sustaining costs such as rent, property taxes, and top-management salaries.

  Contrast static budget and flexible budget

Compare and contrast a static budget and the flexible budget in terms of both characteristics, timing and uses.

  Company recently discovered that in making physical count

Hallam Company's financial statements show the following.

  Enter the entries for the month of july

Enter the following entries for the month of July 2021. Direct Labor wages incurred during July: $2,875. Direct Labor wages actually paid in July were $2,000.

  Find what was average cost per unit for direct materials

What is schedule of cost of goods manufactured in good form. What was the average cost per unit for direct materials? Determine the cost of goods sold.

  What are some of the variable costs and fixed costs

What are some of the variable costs, fixed costs, mixed costs? What are some of the product costs versus period costs? What are the direct materials

  Calculate the ending balance of the manufacturing overhead

Calculate the ending balance of the Manufacturing Overhead account for November and indicate the balance of the Work in Process account at the end of November.

  Explains the decision made by the regulators

ACC518 Current Developments in Accounting Thought Explains the decision made by the regulators in terms of public interest theory and explain the decision made by the regulator in terms of the economic interest group theory of regulation.

  What is the profit variance for each of four product lines

What is the profit (total) variance for each of the four product lines? What is the aggregate profit (total) variance for the business as a whole?

  Prepare the adjusting entry for the deferred tax

MACRS depreciation was $209,301 higher than book. Prepare the adjusting entry for the deferred tax. There have been recent tax structure changes

  How do figure out straight line depreciation

How do you figure out straight line depreciation for a 4 year investment valued at 770,000. At the end of the 4th year the salvage value is zero.

  What standard cost variances might be impacted by this event

What standard cost variances might be impacted by this event?

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