The over time rate of pay is $22.5 overtime per hour. While the total gross pay at 43 hours is 667.5 dollars.
a. The regular salary = $2600 monthly
The annual salary = $2600 * 12
= 31200 dollars.
The weekly salary in a year
We have 52 weeks in a year
Weekly salary = 31200/52
= 600 dollars.
She works for 40 hours weekly.
Pay per hour = 600/40
= 15
The overtime pay per hour that Rebecca receives
= 15 * 1.5
= 22.5
Therefore Huang's overtime pay is 22.5 dollars.
b. If she works 43 hours during the week
15 dollars * 40 hours = 600 dollars
43-40 = 3 overtime hours
3 x 22.50 per hour = 67.5 dollars.
The total gross wages = 600 dollars + 67.5 dollars
= 667.5 dollars.
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Answer:
Cost Per Unit Completed = $4.07
Explanation:
Materials & Conversion
Beginning WIP Cost $4,300
<u>Cost added in the period $109,700</u>
Total Cost of the Units $114,000
Equivalent Units of Production (EUP): Completed Units + Ending WIP Units
EUP Materials & Conversion= 27,000 + 5,000 x 20% = 28,000
Cost per Equivalent Unit: Cost of Units / EUP
Cost per EUP Materials & Conversion: $114,000 / 28,000 = $4.07
Answer and Explanation:
The journal entry for recording the bad debt expense is shown below:
a. In case of when direct write off method is used
Bad debt expense $13,780
To Account receivable-Wil Treadwell $13,780
(Being bad debt expense is recorded)
Here the bad debt expense is debited as it increased the expenses and credited the account receivable as it decreased the assets
b. In case of when allowance method is used
Allowance for doubtful accounts $13,780
To Account receivable-Wil Treadwell $13,780
(Being the allowance is recorded)
Here the allowance is debited as it increased the assets and credited the account receivable as it decreased the assets
Answer:
Consider the following calculations
Explanation:
EBIT - Interest + Dividend Income ( 1 - 0.7) = EBT
$ 14.000.000 - $ 1.750.000 + $ 1.000.000 * 0.3 = $ 12.550.000
Base taxes for $ 10000000 = $ 3400000
( $ 12550000 - $ 10000000 ) *0.35 = $ 892500
$ 3400000 + $ 892500 = $ 4292500 in total taxes due
