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Gnesinka [82]
2 years ago
7

A loom operator in a textiles factory earns $16.00 per hour. By contract, the employee earns $24.00 (time and a half) for overti

me hours. The operator worked 44 hours during the first week of May, and overtime is paid after the usual 40 hours.1) Compute the loom operator's compensation for the week.2) Calculate the employee's total overtime premium for the week.3) How much of the employee's total compensation for the week is direct-labor cost? How much is overhead?
Business
1 answer:
Triss [41]2 years ago
7 0

Answer:

1) $736

2) $24

3) Total compensation for direct labor = $736 -$24 = $712

    Overhead = $24

Explanation:

(1) Normal wages for the week = Normal hours * normal hourly rates

    = 40 hours * $16 per hour = $640

Overtime hours = Total time - Normal hours = 44 - 40

= 4 hours

overtime wages = overtime hours * overtime hourly rates

    = 4 hours * $24 = $96

Operators compensation for the week = $640 + $96

= $ 736

(2) Employee's total overtime premium

= (overtime rate - normal time rate) * (Total hours - normal hours)

= ($24 - $16) *(44 - 40)

= ($8) * (4)

=$24

(3) Total compensation for direct labor = $736 -$24 = $712

Overhead = $24

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Individual employees have little influence over ethical expectations and behavior.a. Trueb. False
Oksana_A [137]

Answer:

False.

Explanation:

In Business management, it is very important, essential and necessary that the top executives or management of an organization design, develop and establish a set of ethical codes, principles, laws, rules, regulations and standards that serve as guidelines, procedures and moral compass to all the employees working in an organization. These set of rules help the employees to understand what is acceptable or allowed while working with the company, as well as understanding the difference between right and wrong behaviors in their actions and decision-making.

Hence, individual employees do not have any influence over ethical expectations and behavior because it is out of their control and are primarily being defined by the top executives or management of the company.

5 0
2 years ago
Despite tuition skyrocketing, a college education is still valuable. Recent calculations by the Federal Reserve Bank in San Fran
gladu [14]

Answer:

s = $13,014.22

Explanation:

Sample values: $40,632, $35,554, $42,192, $33,432, $69,479 and $43,589

Sample size = 6

The standard deviation of a sample (s) is given by:

s=\sqrt{\frac{\sum(x_i-X)^2}{n-1}}

Where X is the sample mean, n is the sample size, and xi is each value in the sample.

The sample mean is given by:

X=\frac{\$40,632 +\$35,554+\$42,192 +\$33,432 +\$69,479 +\$43,589}{6} \\X=\$44,146.33

The standard deviation is:

s=\sqrt{\frac{\sum(x_i-\$44,146.33)^2}{6-1}}\\s=\$13,014.22

5 0
2 years ago
The staff training center at a large regional hospital provides training sessions in CPR to all employees. Assume that the capac
RideAnS [48]

Answer:

95%, 73.1%

Explanation:

Actual output= 950 per year

Design capacity= 1300 per year (Theoretical capacity)

Effective capacity= 1000 per year (efficiency of the shop)

Now Efficiency = actual output/effective capacity = 950/1000 = 0.95, 95.0%

Utilization= actual output/ design capacity = 950/1300 = 0.7308, 73.1%

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. Business Source Premier (EBSCO) and Lexis Nexis Academic are examples of research ________. a. periodicals b. indexes c. datab
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Answer:

C.

Explanation:

These are all research databases

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2 years ago
Thomas Company receives information that requires the company to increase its expectations of uncollectible accounts receivable.
dangina [55]

Answer:

A. Bad Debt expenses is increased

Explanation:

The answer above won't occur because under the allowance method, if a customer's receivables is flagged as uncollectible, it is usually written off by deducting the amount from the total receivables. This entry to write off a bad debt will only have effects on the statement of financial position. The entries will be:

Debit: Allowance for doubtful debts account

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No loss will be reported in the income statement because we have previously made a provision for it in bad debts.

7 0
2 years ago
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