Calculate gross wage, direct and indirect labor expenses

Assignment Help Accounting Basics
Reference no: EM132717564

Question - Information of labour hours worked for company XYZ is provided below:

 

Direct labor

Indirect labor

Payroll hours:

 

 

Production

456

117

Idle time

32

4

Total

488

121

Rate per hour

 

 

Basic

$7.5

$6.0

Overtime

$2.5

$2.0

Additional information:

1. There are 12 direct and 3 indirect labor people.

2. The basic wage rate apply to normal working week of 37 hours.

Required - Calculate gross wage, direct and indirect labor expenses.

Reference no: EM132717564

Questions Cloud

Discuss reasons for prudential regulation of banks : The failure of financial regulations adds further fuel to a bubble. Discuss the reasons for and against the prudential regulation of banks
Implement to reduce inventory levels : Discuss three techniques that retailers can implement to reduce inventory levels while maintaining a fully stocked store.
Calculate the total and unit costs for the month : Units in process, 30 September; 100% completed in terms of material, 60% completed in terms of conversion 2 000. Calculate the total and unit costs for month
Intrapreneur or entrepreneur track : Explain whether you chose the intrapreneur or entrepreneur track. Explain your business concept and how it will satisfy a customer need.
Calculate gross wage, direct and indirect labor expenses : The basic wage rate apply to normal working week of 37 hours. Calculate gross wage, direct and indirect labor expenses
Improving organizational culture : Assess an organization's culture to improve alignment between the culture, mission, vision, values, and strategies.
Unique strategic challenges that christian universities face : What are some of the unique strategic challenges that Christian universities face?
Construct a portfolio and show that your portfolio : Consider a European put option with strike price X = $50 and expiry in 5 months. Construct a portfolio and show that your portfolio
Entry system in the recording of any business transaction : what requirement is imposed by the double entry system in the recording of any business transaction?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the ending inventory under a perpetual inventory

quality center began operations on july 1. it uses a perpetual inventory system. during july the company had the

  Part b additional information kay corporation reported a

the stockholders equity section of kay corporation at december 31 2005 included the following accountspreferred stock 9

  Explain why adjusting entries are necessary

Explain why adjusting entries are necessary and describe the 4 types of adjusting entries, and provide a manufacturing industry example of each.

  Reviewing the costs charged to the federal grant

Imagine that you work for an auditing firm performing a local government audit. The government has received federal grant funding.

  Assets and liabilities from transaction

CalCount pays a weekly payroll of $85,000 that includes federal taxes withheld of $12,700, FICA taxes withheld of $7,890, and 401(k) withholdings of $9,000. What is the effect of assets and liabilities from this transaction?

  Use of the equity method versus the cost method

Which of the following statements applying to the use of the equity method versus the cost method is true?

  Calculate the retained earnings balance as of december

Increase in cash balance from January 1, 2014, to December 31, 2014 23,600, Calculate the Retained Earnings balance as of December 31, 2014

  Gelato supremo is a popular neighborhood gelato shop the

gelato supremo is a popular neighborhood gelato shop. the company has provided the following data concerning its

  Compute the profilo cos total equity

Assets: cash, $100; accounts receivable, $150; Inventory, $240; land, $200; plant, net of accumulated depreciation: 300. Compute the Profilo Cos total equity

  Compute rosalie''s recognized loss on the redemption

Rosalie owns 50% of the outstanding stock of Salmon Corporation. Compute Rosalie's recognized loss, if any, on the redemption.

  Minor inc had revenue of 572000 and expenses of 282000 for

minor inc. had revenue of 572000 and expenses of 282000 for the current year. the company is subject to a 35 percent

  Analyze cost savings by determining the return on investment

Analyze cost savings by determining the return on investment (ROI) for one product offered by the company.

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