Piece-rate system

Assignment Help Accounting Basics
Reference no: EM13508586

During the first week in November, Erin Mills worked 45 ½ hours and produced 1,275 units under a piece-rate system. The regular piece rate is $0.35 a unit. Mills is paid overtime according to the FLSA ruling for overtime work under piece-rate system.

Reference no: EM13508586

Questions Cloud

Accountability, transparency and citizen engagement : Accountability, Transparency and Citizen Engagement in Government Financial Reporting-what governments and government officials are doing to improve accountability and transparency with citizens and stakeholders?
What factors will influence the hedging decision : If the spot rate expected in 90 days is $1.4050, what is the expected cost of payment?
Determine his arm angular acceleration : A baseball pitcher pivots his extended arm about his shoulder joint, applying a constant torque of 197 N · m for 0.24 s to his arm, Find his arm's angular acceleration and final angular velocity
Dynamics between social institutions and the dominant groups : What social instituitions do you believe are the most important for a dominant group to control in order to maintain their dominance? Analyze the dynamics between social institutions and the dominant groups desire for power in society.
Piece-rate system : During the first week in November, Erin Mills worked 45 ½ hours and produced 1,275 units under a piece-rate system. The regular piece rate is $0.35 a unit. Mills is paid overtime according to the FLSA ruling for overtime work under piece-rate s..
How would international structure the hedge : How would International structure the hedge? What would it do to hedge the Japanese yen it must pay in six months? The annual yen interest rate is 4%.
Discuss the importance of finding balance in life : Discuss the importance of finding balance in life. Identify one way that you might achieve better balance in your life.
What is the translation amount : what is the translation amount to be shown on American Golf's equity account for the year if the peso is the functional currency? How would your answer change if the dollar were the functional currency?
The kl partnership is owned equally by kayla : The KL Partnership is owned equally by Kayla and Lisa. Kayla's basis is $20,000 at the beginning of the tax year. Lisa's basis is $16,000 at the beginning of the year

Reviews

Write a Review

Accounting Basics Questions & Answers

  Why does it not maintain funds for its major functions

Why do you suppose the city hasn't attempted to "even out" the assets in the funds? Why does it not maintain funds for each of its major functional areas?

  Calculate the century division contribution margin

Gluten Corporation has the following information pertaining to its Century Division for this year.

  Describe an incremental cash flow for a project describe

1. describe an incremental cash flow for a project. describe three 3 concepts we need to examine to help understand

  Aldridge enterprises has a long standing policy of

aldridge enterprises has a long standing policy of acquiring company equipment by leasing. early in 2011 the company

  Transfer prices and divisional profits

A chair manufacturer has two divisions: framing and upholstering. The framing costs are $100 per chair and the upholstering costs are $200 per chair. What is the minimum transfer price for this company?

  A commitment to public service, or the public interest

A commitment to public service, or the public interest, is a common characteristic among most professions. Use your own words to describe what it means for accountants to serve the public interest, and comment on what it means to you to join t..

  Calculate the interest revenue from this transaction

What interest rate should be used to calculate the interest revenue from this transaction for the years ended December 31, 2011 and 2012, respectively?

  Create an argument for the increased disclosure requirements

Create an argument for the increased disclosure requirements under IFRS 13 as compared to other IFRS standards addressing fair value measurement. Provide support for your argument.

  Entry to record the transaction basics

The Ice Corporation issues 30,000 shares of $50 par value preferred stock for cash at $60 per share. The entry to record the transaction will consist of a debit to Cash for $1,800,000 and a credit or credits to:

  Prepare a partial statement of cash flows including only

for the year ended december 31 2007 revenuenet sales...............................................2850000 dividend

  Liability for the contingency

After the 2010 financial statements were issued, the case was settled with the IRS for $1,200,000. What amount, if any, should be reported as a liability for this contingency as of December 31, 2010?

  Concept of transfer price based on

The subsidiary still possesses 40 percent of this inventory at the current year end. Top had established the transfer price based on its normal markup. What are the consolidated sales and cost of goods sold?

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