Principles of Cost Accounting
17th Edition
ISBN: 9781305087408
Author: Edward J. Vanderbeck, Maria R. Mitchell
Publisher: Cengage Learning
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Question
Chapter 3, Problem 3E
1.
To determine
Compute the earning of Mr. W for the week.
2.
To determine
Prepare
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E3-3
Modified wage plan
Randy Wetzel earns $25 per hour for up to 400 units of produc-
tion per day. If he produces more than 400 units per day, he
will receive an additional piece rate of $.50 per unit. Assume
LO1
Jon Stone is paid $20 an hour for an 8-hour day, with time-and-a-half for overtime and double-time for Sundays and holidays. Regular
employment is on the basis of 40 hours a week, 5 days a week. Overtime premium is charged to Factory Overhead.
Required:
Using the labor-time record below:
a.
Compute Jerrod's total earnings for the week.
b.
Present the journal entry to distribute Jerrod's total earnings.
Sunday
Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
ТОTAL
Job F2
3
5
4
31
Job M1
1
3
6
14
Admin
1
3
6
TOTAL
8.
8.
8
10
51
The chief estimator has asked you to determine the average hourly cost for equipnent operators
using the information below.. The plan is to work 48 hours per week (8 hours Monday - Saturday).
Overtime is paid for over 40 hours at a rate of Tirme and a half.
Base Wage - $22.00 per hour
Social Security Tax - 7.65%
Unermployment Compensation Tax - 2.75%
Worker Compensation Insurance $32.00/100
Public liability/Property Damage Insurance $3.10/100
Fringe Benefits $6.25 per hour
Chapter 3 Solutions
Principles of Cost Accounting
Ch. 3 - What is the difference between direct and indirect...Ch. 3 - Prob. 2QCh. 3 - Prob. 3QCh. 3 - In production work teams, output is dependent upon...Ch. 3 - Define productivity.Ch. 3 - Prob. 6QCh. 3 - Prob. 7QCh. 3 - Prob. 8QCh. 3 - Prob. 9QCh. 3 - What are the sources for posting direct labor cost...
Ch. 3 - What are the sources for posting indirect labor...Ch. 3 - In accounting for labor costs, what is the...Ch. 3 - Prob. 13QCh. 3 - Prob. 14QCh. 3 - Besides FICA, FUTA and state unemployment taxes,...Ch. 3 - Prob. 16QCh. 3 - Prob. 17QCh. 3 - Prob. 18QCh. 3 - What is a shift premium, and how is it usually...Ch. 3 - Prob. 20QCh. 3 - Prob. 21QCh. 3 - Prob. 22QCh. 3 - Prob. 23QCh. 3 - Prob. 24QCh. 3 - Prob. 25QCh. 3 - R. Herbert of Crestview Manufacturing Co. is paid...Ch. 3 - Recording payroll Using the earnings data...Ch. 3 - Prob. 3ECh. 3 - Peggy Nolan earns 20 per hour for up to 300 units...Ch. 3 - Overtime Allocation Arlin Fabrication Company...Ch. 3 - Prob. 6ECh. 3 - Davis, Inc. paid wages to its employees during the...Ch. 3 - Recording the payroll and payroll taxes Using the...Ch. 3 - Prob. 9ECh. 3 - The total wages and salaries earned by all...Ch. 3 - The total wages and salaries earned by all...Ch. 3 - A weekly payroll summary made from labor time...Ch. 3 - Prob. 13ECh. 3 - Accounting for bonus and vacation pay Cathy Muench...Ch. 3 - Prob. 15ECh. 3 - Prob. 16ECh. 3 - Payroll computation with incentive bonus Fifteen...Ch. 3 - Prob. 2PCh. 3 - Prob. 3PCh. 3 - Payroll for piece-rate wage system Collier...Ch. 3 - A rush order was accepted by Bartley's Conversions...Ch. 3 - The following form is used by Matsuto...Ch. 3 - Payment and distribution of payroll The general...Ch. 3 - Prob. 8PCh. 3 - An analysis of the payroll for the month of...Ch. 3 - Prob. 10PCh. 3 - Prob. 11PCh. 3 - Prob. 12PCh. 3 - Prob. 13PCh. 3 - Using the information in P3-13, prepare the...Ch. 3 - Pan-Am Manufacturing Co. prepares cost estimates...Ch. 3 - Incentive wage plan David Kelley is considering...Ch. 3 - Huron Manufacturing Co. uses a job order cost...
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