SlideShare ist ein Scribd-Unternehmen logo
1 von 2
Downloaden Sie, um offline zu lesen
Problem BHan Industries has the following compensation structure for factory workers:Hourly
rate $ 20.00Overtime (at time & a half) for all hours over 40 in a week)Han
Industries has the following payroll summary for the week.Regular Hours160 (including 10
hours related to employee training)Overtime hours20 (12 hours due to customer rush order, 8
hours
due to scheduling error)1. What was the total compensation for the week?2. How much of the
compensation should be charged to _______?WIPMOHSalaries expense3. Han provides 4 weeks
of PTO for all factory workers. Assuming Han records
PTO on a monthly basis, how much should be accrued?
Han's average weekly payroll is $3,500. Assume 4 work weeks per month. Round to 2 decimal
places.Problem BHan Industries has the following compensation structure for factory
workers:Hourly rate $ 20.00Overtime (at time & a half) for all hours over 40 in a
week)Han Industries has the following payroll summary for the week.Regular Hours160
(including 10 hours related to employee training)Overtime hours20 (12 hours due to customer
rush order, 8 hours
due to scheduling error)1. What was the total compensation for the week?2. How much of the
compensation should be charged to _______?WIPMOHSalaries expense3. Han provides 4
weeks of PTO for all factory workers. Assuming Han records
PTO on a monthly basis, how much should be accrued?
Han's average weekly payroll is $3,500. Assume 4 work weeks per month. Round to 2 decimal
places.
Solution
Answer for question no.1:
Total compensation for the week is as follows:
Regular hours worked =160*$20 =$3,200.
Over time paid = 20 hours*1.5 *$20
=$600.
Total compensation paid=$3,200+$600 =$3,800
Answer for question no.2:
Training of employees is to be charged as salary expense, since it is administrative cost by
nature,
Overtime spent due to customer rush order is to be charged to the order on which the time is
spent, hence it is to be charged to Work in progress.
Overtime spent due to scheduling error is to be charged as manufacturing overhead, since it
cannot be allocated to any particular job.
Basing on the above justification following is the bifurcation of the wages:
Answer to question no.3:
Hans weekly payroll =$3,500.
Paid time off = 4 weeks.
Total number of weeks in a year=12*4 =48 weeks.
PTO per month =(4/48)*4 =0.3333 weeks
Average weekly pay roll =$3,500.
Therefore amount to be accrued =$3,500 *0.33333
=$1,166.67TypeRegular hoursOver time hoursRegular hours payment per hourOvertime
payment per hourTotalWIP1501220 per hour * 150 hours20*1.5=$30*8
hours$3,360.00Manufacturing overhead0820*1.5=$30*12 hours$240.00Salaries expense10 for
training20 per hour * 10 hours$200.00Total$3,800.00

Weitere ähnliche Inhalte

Ähnlich wie Problem BHan Industries has the following compensation structure for.pdf

Cost & management Accounting
Cost & management AccountingCost & management Accounting
Cost & management AccountingJisjissyChandran
 
ACC 116 LABOUR COSTING
ACC 116 LABOUR COSTINGACC 116 LABOUR COSTING
ACC 116 LABOUR COSTINGShadina Shah
 
original cost Control 2024...........pdf
original cost Control 2024...........pdforiginal cost Control 2024...........pdf
original cost Control 2024...........pdfAhmed Khaskaya
 
Difference between Salary and wages.pptx
Difference between Salary and wages.pptxDifference between Salary and wages.pptx
Difference between Salary and wages.pptxEnitSirk2
 
Master Budget.pptx
Master Budget.pptxMaster Budget.pptx
Master Budget.pptxLayTekchhay2
 
1. – 8 pointsMi Casa is a housekeeping company in Brownsville, Te.docx
1. – 8 pointsMi Casa is a housekeeping company in Brownsville, Te.docx1. – 8 pointsMi Casa is a housekeeping company in Brownsville, Te.docx
1. – 8 pointsMi Casa is a housekeeping company in Brownsville, Te.docxmansonagnus
 
Acct 346 midterm set 2
Acct 346 midterm set 2Acct 346 midterm set 2
Acct 346 midterm set 2albyalcot91
 
Chapter 5 part 1.pptx
Chapter 5 part 1.pptxChapter 5 part 1.pptx
Chapter 5 part 1.pptxasmasun12
 
The Freelancers Guide to the Galaxy
The Freelancers Guide to the GalaxyThe Freelancers Guide to the Galaxy
The Freelancers Guide to the GalaxyMartin Meyerhoff
 
95S t a ffing The Manager’sResponsibili ty 9C H A.docx
95S t a ffing The Manager’sResponsibili ty 9C H A.docx95S t a ffing The Manager’sResponsibili ty 9C H A.docx
95S t a ffing The Manager’sResponsibili ty 9C H A.docxevonnehoggarth79783
 
Acct 346 week 8 final exam
Acct 346 week 8 final examAcct 346 week 8 final exam
Acct 346 week 8 final examuopassignment
 
Hanan mutaher hr modules presentation
Hanan mutaher hr modules presentationHanan mutaher hr modules presentation
Hanan mutaher hr modules presentationhananmutaher
 
Annualizing Staff HCA270 Version 31Associate Level Materi.docx
Annualizing Staff HCA270 Version 31Associate Level Materi.docxAnnualizing Staff HCA270 Version 31Associate Level Materi.docx
Annualizing Staff HCA270 Version 31Associate Level Materi.docxrossskuddershamus
 
Income and debt feb 21
Income and debt feb 21Income and debt feb 21
Income and debt feb 21mskarras
 
Oop project report using c++
Oop project report using c++Oop project report using c++
Oop project report using c++Lameck Elias
 
Example 17A Variance AnalysisOur variance analysis example and pr.docx
Example 17A Variance AnalysisOur variance analysis example and pr.docxExample 17A Variance AnalysisOur variance analysis example and pr.docx
Example 17A Variance AnalysisOur variance analysis example and pr.docxmodi11
 

Ähnlich wie Problem BHan Industries has the following compensation structure for.pdf (20)

Cost & management Accounting
Cost & management AccountingCost & management Accounting
Cost & management Accounting
 
Salaries and Wages
Salaries and WagesSalaries and Wages
Salaries and Wages
 
ACC 116 LABOUR COSTING
ACC 116 LABOUR COSTINGACC 116 LABOUR COSTING
ACC 116 LABOUR COSTING
 
original cost Control 2024...........pdf
original cost Control 2024...........pdforiginal cost Control 2024...........pdf
original cost Control 2024...........pdf
 
Difference between Salary and wages.pptx
Difference between Salary and wages.pptxDifference between Salary and wages.pptx
Difference between Salary and wages.pptx
 
Incentives
IncentivesIncentives
Incentives
 
Master Budget.pptx
Master Budget.pptxMaster Budget.pptx
Master Budget.pptx
 
1. – 8 pointsMi Casa is a housekeeping company in Brownsville, Te.docx
1. – 8 pointsMi Casa is a housekeeping company in Brownsville, Te.docx1. – 8 pointsMi Casa is a housekeeping company in Brownsville, Te.docx
1. – 8 pointsMi Casa is a housekeeping company in Brownsville, Te.docx
 
Acct 346 midterm set 2
Acct 346 midterm set 2Acct 346 midterm set 2
Acct 346 midterm set 2
 
Salaries-and-Wages.pptx
Salaries-and-Wages.pptxSalaries-and-Wages.pptx
Salaries-and-Wages.pptx
 
Chapter 5 part 1.pptx
Chapter 5 part 1.pptxChapter 5 part 1.pptx
Chapter 5 part 1.pptx
 
The Freelancers Guide to the Galaxy
The Freelancers Guide to the GalaxyThe Freelancers Guide to the Galaxy
The Freelancers Guide to the Galaxy
 
95S t a ffing The Manager’sResponsibili ty 9C H A.docx
95S t a ffing The Manager’sResponsibili ty 9C H A.docx95S t a ffing The Manager’sResponsibili ty 9C H A.docx
95S t a ffing The Manager’sResponsibili ty 9C H A.docx
 
Acct 346 week 8 final exam
Acct 346 week 8 final examAcct 346 week 8 final exam
Acct 346 week 8 final exam
 
Incentive Schemes
Incentive SchemesIncentive Schemes
Incentive Schemes
 
Hanan mutaher hr modules presentation
Hanan mutaher hr modules presentationHanan mutaher hr modules presentation
Hanan mutaher hr modules presentation
 
Annualizing Staff HCA270 Version 31Associate Level Materi.docx
Annualizing Staff HCA270 Version 31Associate Level Materi.docxAnnualizing Staff HCA270 Version 31Associate Level Materi.docx
Annualizing Staff HCA270 Version 31Associate Level Materi.docx
 
Income and debt feb 21
Income and debt feb 21Income and debt feb 21
Income and debt feb 21
 
Oop project report using c++
Oop project report using c++Oop project report using c++
Oop project report using c++
 
Example 17A Variance AnalysisOur variance analysis example and pr.docx
Example 17A Variance AnalysisOur variance analysis example and pr.docxExample 17A Variance AnalysisOur variance analysis example and pr.docx
Example 17A Variance AnalysisOur variance analysis example and pr.docx
 

Mehr von ajantaopt

Problem 11-2Athe following are selected transactions of Blanco Com.pdf
Problem 11-2Athe following are selected transactions of Blanco Com.pdfProblem 11-2Athe following are selected transactions of Blanco Com.pdf
Problem 11-2Athe following are selected transactions of Blanco Com.pdfajantaopt
 
Problem 1.27 ,a,b,f from Chapter 1 in the text book Signals and S.pdf
Problem 1.27 ,a,b,f from Chapter 1 in the text book  Signals and S.pdfProblem 1.27 ,a,b,f from Chapter 1 in the text book  Signals and S.pdf
Problem 1.27 ,a,b,f from Chapter 1 in the text book Signals and S.pdfajantaopt
 
Problem 11 in Chapter 15 examined the TV-viewing habits of adopted .pdf
Problem 11 in Chapter 15 examined the TV-viewing  habits of adopted .pdfProblem 11 in Chapter 15 examined the TV-viewing  habits of adopted .pdf
Problem 11 in Chapter 15 examined the TV-viewing habits of adopted .pdfajantaopt
 
Problem httpi.imgur.comLFdvjnJ.jpg1SolutionAssumtions of.pdf
Problem httpi.imgur.comLFdvjnJ.jpg1SolutionAssumtions of.pdfProblem httpi.imgur.comLFdvjnJ.jpg1SolutionAssumtions of.pdf
Problem httpi.imgur.comLFdvjnJ.jpg1SolutionAssumtions of.pdfajantaopt
 
Problem 8-9A certain investment requires an initial outlay of $12 .pdf
Problem 8-9A certain investment requires an initial outlay of $12 .pdfProblem 8-9A certain investment requires an initial outlay of $12 .pdf
Problem 8-9A certain investment requires an initial outlay of $12 .pdfajantaopt
 
Problem 6. Bag 1 has 2 red chips and 4 white chips. Bag 2 has 3 red .pdf
Problem 6. Bag 1 has 2 red chips and 4 white chips. Bag 2 has 3 red .pdfProblem 6. Bag 1 has 2 red chips and 4 white chips. Bag 2 has 3 red .pdf
Problem 6. Bag 1 has 2 red chips and 4 white chips. Bag 2 has 3 red .pdfajantaopt
 
Problem 5At a constant interest rate of 15, compounded annually, .pdf
Problem 5At a constant interest rate of 15, compounded annually, .pdfProblem 5At a constant interest rate of 15, compounded annually, .pdf
Problem 5At a constant interest rate of 15, compounded annually, .pdfajantaopt
 
Problem 12-9AODGERS INC.Comparative Balance Sheets December 31.pdf
Problem 12-9AODGERS INC.Comparative Balance Sheets December 31.pdfProblem 12-9AODGERS INC.Comparative Balance Sheets December 31.pdf
Problem 12-9AODGERS INC.Comparative Balance Sheets December 31.pdfajantaopt
 
Problem 11-2A Fechter Corporation had the following stockholders’ eq.pdf
Problem 11-2A Fechter Corporation had the following stockholders’ eq.pdfProblem 11-2A Fechter Corporation had the following stockholders’ eq.pdf
Problem 11-2A Fechter Corporation had the following stockholders’ eq.pdfajantaopt
 

Mehr von ajantaopt (9)

Problem 11-2Athe following are selected transactions of Blanco Com.pdf
Problem 11-2Athe following are selected transactions of Blanco Com.pdfProblem 11-2Athe following are selected transactions of Blanco Com.pdf
Problem 11-2Athe following are selected transactions of Blanco Com.pdf
 
Problem 1.27 ,a,b,f from Chapter 1 in the text book Signals and S.pdf
Problem 1.27 ,a,b,f from Chapter 1 in the text book  Signals and S.pdfProblem 1.27 ,a,b,f from Chapter 1 in the text book  Signals and S.pdf
Problem 1.27 ,a,b,f from Chapter 1 in the text book Signals and S.pdf
 
Problem 11 in Chapter 15 examined the TV-viewing habits of adopted .pdf
Problem 11 in Chapter 15 examined the TV-viewing  habits of adopted .pdfProblem 11 in Chapter 15 examined the TV-viewing  habits of adopted .pdf
Problem 11 in Chapter 15 examined the TV-viewing habits of adopted .pdf
 
Problem httpi.imgur.comLFdvjnJ.jpg1SolutionAssumtions of.pdf
Problem httpi.imgur.comLFdvjnJ.jpg1SolutionAssumtions of.pdfProblem httpi.imgur.comLFdvjnJ.jpg1SolutionAssumtions of.pdf
Problem httpi.imgur.comLFdvjnJ.jpg1SolutionAssumtions of.pdf
 
Problem 8-9A certain investment requires an initial outlay of $12 .pdf
Problem 8-9A certain investment requires an initial outlay of $12 .pdfProblem 8-9A certain investment requires an initial outlay of $12 .pdf
Problem 8-9A certain investment requires an initial outlay of $12 .pdf
 
Problem 6. Bag 1 has 2 red chips and 4 white chips. Bag 2 has 3 red .pdf
Problem 6. Bag 1 has 2 red chips and 4 white chips. Bag 2 has 3 red .pdfProblem 6. Bag 1 has 2 red chips and 4 white chips. Bag 2 has 3 red .pdf
Problem 6. Bag 1 has 2 red chips and 4 white chips. Bag 2 has 3 red .pdf
 
Problem 5At a constant interest rate of 15, compounded annually, .pdf
Problem 5At a constant interest rate of 15, compounded annually, .pdfProblem 5At a constant interest rate of 15, compounded annually, .pdf
Problem 5At a constant interest rate of 15, compounded annually, .pdf
 
Problem 12-9AODGERS INC.Comparative Balance Sheets December 31.pdf
Problem 12-9AODGERS INC.Comparative Balance Sheets December 31.pdfProblem 12-9AODGERS INC.Comparative Balance Sheets December 31.pdf
Problem 12-9AODGERS INC.Comparative Balance Sheets December 31.pdf
 
Problem 11-2A Fechter Corporation had the following stockholders’ eq.pdf
Problem 11-2A Fechter Corporation had the following stockholders’ eq.pdfProblem 11-2A Fechter Corporation had the following stockholders’ eq.pdf
Problem 11-2A Fechter Corporation had the following stockholders’ eq.pdf
 

Kürzlich hochgeladen

Shark introduction Morphology and its behaviour characteristics
Shark introduction Morphology and its behaviour characteristicsShark introduction Morphology and its behaviour characteristics
Shark introduction Morphology and its behaviour characteristicsArubSultan
 
4.9.24 Social Capital and Social Exclusion.pptx
4.9.24 Social Capital and Social Exclusion.pptx4.9.24 Social Capital and Social Exclusion.pptx
4.9.24 Social Capital and Social Exclusion.pptxmary850239
 
The Emergence of Legislative Behavior in the Colombian Congress
The Emergence of Legislative Behavior in the Colombian CongressThe Emergence of Legislative Behavior in the Colombian Congress
The Emergence of Legislative Behavior in the Colombian CongressMaria Paula Aroca
 
Scientific Writing :Research Discourse
Scientific  Writing :Research  DiscourseScientific  Writing :Research  Discourse
Scientific Writing :Research DiscourseAnita GoswamiGiri
 
16. Discovery, function and commercial uses of different PGRS.pptx
16. Discovery, function and commercial uses of different PGRS.pptx16. Discovery, function and commercial uses of different PGRS.pptx
16. Discovery, function and commercial uses of different PGRS.pptxUmeshTimilsina1
 
How to Uninstall a Module in Odoo 17 Using Command Line
How to Uninstall a Module in Odoo 17 Using Command LineHow to Uninstall a Module in Odoo 17 Using Command Line
How to Uninstall a Module in Odoo 17 Using Command LineCeline George
 
STRAND 1 FOUNDATION OF PRETECHNICALSTUDIE.pptx
STRAND 1 FOUNDATION OF PRETECHNICALSTUDIE.pptxSTRAND 1 FOUNDATION OF PRETECHNICALSTUDIE.pptx
STRAND 1 FOUNDATION OF PRETECHNICALSTUDIE.pptxkimdan468
 
Geoffrey Chaucer Works II UGC NET JRF TGT PGT MA PHD Entrance Exam II History...
Geoffrey Chaucer Works II UGC NET JRF TGT PGT MA PHD Entrance Exam II History...Geoffrey Chaucer Works II UGC NET JRF TGT PGT MA PHD Entrance Exam II History...
Geoffrey Chaucer Works II UGC NET JRF TGT PGT MA PHD Entrance Exam II History...DrVipulVKapoor
 
The Shop Floor Overview in the Odoo 17 ERP
The Shop Floor Overview in the Odoo 17 ERPThe Shop Floor Overview in the Odoo 17 ERP
The Shop Floor Overview in the Odoo 17 ERPCeline George
 
The role of Geography in climate education: science and active citizenship
The role of Geography in climate education: science and active citizenshipThe role of Geography in climate education: science and active citizenship
The role of Geography in climate education: science and active citizenshipKarl Donert
 
LEVERAGING SYNERGISM INDUSTRY-ACADEMIA PARTNERSHIP FOR IMPLEMENTATION OF NAT...
LEVERAGING SYNERGISM INDUSTRY-ACADEMIA PARTNERSHIP FOR IMPLEMENTATION OF  NAT...LEVERAGING SYNERGISM INDUSTRY-ACADEMIA PARTNERSHIP FOR IMPLEMENTATION OF  NAT...
LEVERAGING SYNERGISM INDUSTRY-ACADEMIA PARTNERSHIP FOR IMPLEMENTATION OF NAT...pragatimahajan3
 
CHUYÊN ĐỀ ÔN THEO CÂU CHO HỌC SINH LỚP 12 ĐỂ ĐẠT ĐIỂM 5+ THI TỐT NGHIỆP THPT ...
CHUYÊN ĐỀ ÔN THEO CÂU CHO HỌC SINH LỚP 12 ĐỂ ĐẠT ĐIỂM 5+ THI TỐT NGHIỆP THPT ...CHUYÊN ĐỀ ÔN THEO CÂU CHO HỌC SINH LỚP 12 ĐỂ ĐẠT ĐIỂM 5+ THI TỐT NGHIỆP THPT ...
CHUYÊN ĐỀ ÔN THEO CÂU CHO HỌC SINH LỚP 12 ĐỂ ĐẠT ĐIỂM 5+ THI TỐT NGHIỆP THPT ...Nguyen Thanh Tu Collection
 
Grade Three -ELLNA-REVIEWER-ENGLISH.pptx
Grade Three -ELLNA-REVIEWER-ENGLISH.pptxGrade Three -ELLNA-REVIEWER-ENGLISH.pptx
Grade Three -ELLNA-REVIEWER-ENGLISH.pptxkarenfajardo43
 
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 - I-LEARN SMART WORLD - CẢ NĂM - CÓ FILE NGHE (BẢN...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 - I-LEARN SMART WORLD - CẢ NĂM - CÓ FILE NGHE (BẢN...BÀI TẬP BỔ TRỢ TIẾNG ANH 8 - I-LEARN SMART WORLD - CẢ NĂM - CÓ FILE NGHE (BẢN...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 - I-LEARN SMART WORLD - CẢ NĂM - CÓ FILE NGHE (BẢN...Nguyen Thanh Tu Collection
 
18. Training and prunning of horicultural crops.pptx
18. Training and prunning of horicultural crops.pptx18. Training and prunning of horicultural crops.pptx
18. Training and prunning of horicultural crops.pptxUmeshTimilsina1
 
Advancing Gender Equality The Crucial Role of Science and Technology 4 April ...
Advancing Gender Equality The Crucial Role of Science and Technology 4 April ...Advancing Gender Equality The Crucial Role of Science and Technology 4 April ...
Advancing Gender Equality The Crucial Role of Science and Technology 4 April ...EduSkills OECD
 
Jason Potel In Media Res Media Component
Jason Potel In Media Res Media ComponentJason Potel In Media Res Media Component
Jason Potel In Media Res Media ComponentInMediaRes1
 

Kürzlich hochgeladen (20)

Shark introduction Morphology and its behaviour characteristics
Shark introduction Morphology and its behaviour characteristicsShark introduction Morphology and its behaviour characteristics
Shark introduction Morphology and its behaviour characteristics
 
4.9.24 Social Capital and Social Exclusion.pptx
4.9.24 Social Capital and Social Exclusion.pptx4.9.24 Social Capital and Social Exclusion.pptx
4.9.24 Social Capital and Social Exclusion.pptx
 
The Emergence of Legislative Behavior in the Colombian Congress
The Emergence of Legislative Behavior in the Colombian CongressThe Emergence of Legislative Behavior in the Colombian Congress
The Emergence of Legislative Behavior in the Colombian Congress
 
Scientific Writing :Research Discourse
Scientific  Writing :Research  DiscourseScientific  Writing :Research  Discourse
Scientific Writing :Research Discourse
 
Plagiarism,forms,understand about plagiarism,avoid plagiarism,key significanc...
Plagiarism,forms,understand about plagiarism,avoid plagiarism,key significanc...Plagiarism,forms,understand about plagiarism,avoid plagiarism,key significanc...
Plagiarism,forms,understand about plagiarism,avoid plagiarism,key significanc...
 
16. Discovery, function and commercial uses of different PGRS.pptx
16. Discovery, function and commercial uses of different PGRS.pptx16. Discovery, function and commercial uses of different PGRS.pptx
16. Discovery, function and commercial uses of different PGRS.pptx
 
Spearman's correlation,Formula,Advantages,
Spearman's correlation,Formula,Advantages,Spearman's correlation,Formula,Advantages,
Spearman's correlation,Formula,Advantages,
 
How to Uninstall a Module in Odoo 17 Using Command Line
How to Uninstall a Module in Odoo 17 Using Command LineHow to Uninstall a Module in Odoo 17 Using Command Line
How to Uninstall a Module in Odoo 17 Using Command Line
 
STRAND 1 FOUNDATION OF PRETECHNICALSTUDIE.pptx
STRAND 1 FOUNDATION OF PRETECHNICALSTUDIE.pptxSTRAND 1 FOUNDATION OF PRETECHNICALSTUDIE.pptx
STRAND 1 FOUNDATION OF PRETECHNICALSTUDIE.pptx
 
Geoffrey Chaucer Works II UGC NET JRF TGT PGT MA PHD Entrance Exam II History...
Geoffrey Chaucer Works II UGC NET JRF TGT PGT MA PHD Entrance Exam II History...Geoffrey Chaucer Works II UGC NET JRF TGT PGT MA PHD Entrance Exam II History...
Geoffrey Chaucer Works II UGC NET JRF TGT PGT MA PHD Entrance Exam II History...
 
The Shop Floor Overview in the Odoo 17 ERP
The Shop Floor Overview in the Odoo 17 ERPThe Shop Floor Overview in the Odoo 17 ERP
The Shop Floor Overview in the Odoo 17 ERP
 
The role of Geography in climate education: science and active citizenship
The role of Geography in climate education: science and active citizenshipThe role of Geography in climate education: science and active citizenship
The role of Geography in climate education: science and active citizenship
 
LEVERAGING SYNERGISM INDUSTRY-ACADEMIA PARTNERSHIP FOR IMPLEMENTATION OF NAT...
LEVERAGING SYNERGISM INDUSTRY-ACADEMIA PARTNERSHIP FOR IMPLEMENTATION OF  NAT...LEVERAGING SYNERGISM INDUSTRY-ACADEMIA PARTNERSHIP FOR IMPLEMENTATION OF  NAT...
LEVERAGING SYNERGISM INDUSTRY-ACADEMIA PARTNERSHIP FOR IMPLEMENTATION OF NAT...
 
CHUYÊN ĐỀ ÔN THEO CÂU CHO HỌC SINH LỚP 12 ĐỂ ĐẠT ĐIỂM 5+ THI TỐT NGHIỆP THPT ...
CHUYÊN ĐỀ ÔN THEO CÂU CHO HỌC SINH LỚP 12 ĐỂ ĐẠT ĐIỂM 5+ THI TỐT NGHIỆP THPT ...CHUYÊN ĐỀ ÔN THEO CÂU CHO HỌC SINH LỚP 12 ĐỂ ĐẠT ĐIỂM 5+ THI TỐT NGHIỆP THPT ...
CHUYÊN ĐỀ ÔN THEO CÂU CHO HỌC SINH LỚP 12 ĐỂ ĐẠT ĐIỂM 5+ THI TỐT NGHIỆP THPT ...
 
Grade Three -ELLNA-REVIEWER-ENGLISH.pptx
Grade Three -ELLNA-REVIEWER-ENGLISH.pptxGrade Three -ELLNA-REVIEWER-ENGLISH.pptx
Grade Three -ELLNA-REVIEWER-ENGLISH.pptx
 
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 - I-LEARN SMART WORLD - CẢ NĂM - CÓ FILE NGHE (BẢN...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 - I-LEARN SMART WORLD - CẢ NĂM - CÓ FILE NGHE (BẢN...BÀI TẬP BỔ TRỢ TIẾNG ANH 8 - I-LEARN SMART WORLD - CẢ NĂM - CÓ FILE NGHE (BẢN...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 - I-LEARN SMART WORLD - CẢ NĂM - CÓ FILE NGHE (BẢN...
 
18. Training and prunning of horicultural crops.pptx
18. Training and prunning of horicultural crops.pptx18. Training and prunning of horicultural crops.pptx
18. Training and prunning of horicultural crops.pptx
 
Mattingly "AI & Prompt Design" - Introduction to Machine Learning"
Mattingly "AI & Prompt Design" - Introduction to Machine Learning"Mattingly "AI & Prompt Design" - Introduction to Machine Learning"
Mattingly "AI & Prompt Design" - Introduction to Machine Learning"
 
Advancing Gender Equality The Crucial Role of Science and Technology 4 April ...
Advancing Gender Equality The Crucial Role of Science and Technology 4 April ...Advancing Gender Equality The Crucial Role of Science and Technology 4 April ...
Advancing Gender Equality The Crucial Role of Science and Technology 4 April ...
 
Jason Potel In Media Res Media Component
Jason Potel In Media Res Media ComponentJason Potel In Media Res Media Component
Jason Potel In Media Res Media Component
 

Problem BHan Industries has the following compensation structure for.pdf

  • 1. Problem BHan Industries has the following compensation structure for factory workers:Hourly rate $ 20.00Overtime (at time & a half) for all hours over 40 in a week)Han Industries has the following payroll summary for the week.Regular Hours160 (including 10 hours related to employee training)Overtime hours20 (12 hours due to customer rush order, 8 hours due to scheduling error)1. What was the total compensation for the week?2. How much of the compensation should be charged to _______?WIPMOHSalaries expense3. Han provides 4 weeks of PTO for all factory workers. Assuming Han records PTO on a monthly basis, how much should be accrued? Han's average weekly payroll is $3,500. Assume 4 work weeks per month. Round to 2 decimal places.Problem BHan Industries has the following compensation structure for factory workers:Hourly rate $ 20.00Overtime (at time & a half) for all hours over 40 in a week)Han Industries has the following payroll summary for the week.Regular Hours160 (including 10 hours related to employee training)Overtime hours20 (12 hours due to customer rush order, 8 hours due to scheduling error)1. What was the total compensation for the week?2. How much of the compensation should be charged to _______?WIPMOHSalaries expense3. Han provides 4 weeks of PTO for all factory workers. Assuming Han records PTO on a monthly basis, how much should be accrued? Han's average weekly payroll is $3,500. Assume 4 work weeks per month. Round to 2 decimal places. Solution Answer for question no.1: Total compensation for the week is as follows: Regular hours worked =160*$20 =$3,200. Over time paid = 20 hours*1.5 *$20 =$600. Total compensation paid=$3,200+$600 =$3,800 Answer for question no.2: Training of employees is to be charged as salary expense, since it is administrative cost by nature, Overtime spent due to customer rush order is to be charged to the order on which the time is spent, hence it is to be charged to Work in progress.
  • 2. Overtime spent due to scheduling error is to be charged as manufacturing overhead, since it cannot be allocated to any particular job. Basing on the above justification following is the bifurcation of the wages: Answer to question no.3: Hans weekly payroll =$3,500. Paid time off = 4 weeks. Total number of weeks in a year=12*4 =48 weeks. PTO per month =(4/48)*4 =0.3333 weeks Average weekly pay roll =$3,500. Therefore amount to be accrued =$3,500 *0.33333 =$1,166.67TypeRegular hoursOver time hoursRegular hours payment per hourOvertime payment per hourTotalWIP1501220 per hour * 150 hours20*1.5=$30*8 hours$3,360.00Manufacturing overhead0820*1.5=$30*12 hours$240.00Salaries expense10 for training20 per hour * 10 hours$200.00Total$3,800.00