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In: Accounting

Calculate gross pay for each of the following employees. All are paid an overtime wage rate...

Calculate gross pay for each of the following employees. All are paid an overtime wage rate that is 1.5 times their respective regular wage rates. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.

1:Walter Pinkman assembles merchandise and is paid $0.12 for each unit assembled. During the most recent week, he worked 44 hours and assembled 5,602 units. Gross Pay = $

2:Sidney Darling is a telemarketer, who is paid $0.31 for every telemarketing call he places. During the most recent week, he worked 42 hours and placed 1,669 calls. Gross Pay = $

3:Pete Brees assembles merchandise and is paid $0.05 for each unit assembled. During the most recent week, he worked 51 hours and assembled 13,302 units. Gross Pay = $

4:Roy Carter is a telemarketer who is paid $0.36 for every telemarketing phone call he places. During the most recent week, he worked 50 hours and placed 1,564 calls. Gross Pay = $

Solutions

Expert Solution

1. answer is $702.80

regular earnings for all hours = 5602 units * $0.12 per unit = $672.24

regular hourly rate = 672.24/ 44 hours = 15.28

overtime rate per hour = 15.28 * 0.5 = 7.64

overtime earnings = 4 hours * 7.64 = 30.56

total earnings = regular earnings + overtime earnings = 672.24 + 30.56 = 702.80

2. answer is $529.71

regular earnings for all hours = 1669 calls * $0.31 per call = $517.39

regular hourly rate = 517.39/ 42 hours = 12.32

overtime rate per hour = 12.32*0.5 = 6.16

overtime earnings = 2 hours * 6.16 = 12.32

total earnings = regular earnings + overtime earnings = 517.39 + 12.32 = 529.71

3. answer is $736.83

regular earnings for all hours = 13302 units * $0.05 per unit = $665.1

regular hourly rate = 665.1/51 hours = 13.04

overtime rate per hour = 13.04*0.5 = 6.52

overtime earnings = 11 hours * 6.52 = 71.73

total earnings = regular earnings + overtime earnings = 665.1 + 71.73 = 736.83

4. answer is $619.34

regular earnings for all hours = 1564 calls * $0.36 per call = $563.04

regular hourly rate = 563.04/ 50 hours = 11.26

overtime rate per hour = 11.26 * 0.5 = 5.63

overtime earnings = 10 hours * 5.63 = 56.30

total earnings = regular earnings + overtime earnings = 563.04 + 56.30 = 619.34

Please up vote. Thanks!

ekkarill92 answered 7 months ago
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