Question

In: Accounting

1:Samuel Worthy earns both $8.10/hour and a 14% commission on all sales. During the most recent...

1:Samuel Worthy earns both $8.10/hour and a 14% commission on all sales. During the most recent week, he worked 41 hours and made total sales of $12,000.

Gross Pay = $

2:Charlotte Denning earns both $13/hour and $26 for every sale she completes. During the most recent week, she worked 47 hours and made a total of 71 sales.

Gross Pay = $

3:James Finch earns both $11.50/hour and a 11% commission on all sales. During the most recent week, he worked 44 hours and made total sales of $7,100.

Gross Pay = $

4:Keri Weinberg earns both $9/hour, $13 for every sale of Product A, and $17 for every sale of Product B. During the most recent week, she worked 48 hours and sold 34 units of Product A and 39 units of Product B.

Gross Pay = $

5:Tom Wilson earns both $16.10/hour and a 16% commission on all sales. During the most recent week, he worked 46 hours and made total sales of $14,500.

Gross Pay = $

For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.

Solutions

Expert Solution

Solution:
1. Samuel Worthy's Gross Pay = $2,012.10
Working Notes:
Hourly wages $332.10
[$8.10 per hour x 41 hours ]
Commission on sales $1,680.00
[$12,000 x 14% ]
Samuel Worthy's Gross Pay = $ $2,012.10
2. Charlotte Denning's Gross Pay = $2,457.00
Working Notes:
Hourly wages $611.00
[$13 per hour x 47 hours ]
Commission on sales $1,846.00
[$26 per sale x 71 sales ]
Charlotte Denning's Gross Pay = $ $2,457.00
3. James Finch's Gross Pay = $1,287
Working Notes:
Hourly wages $506.00
[$11.50 per hour x 44 hours ]
Commission on sales $781.00
[11% x $7,100 ]
James Finch's Gross Pay = $ $1,287.00
4. Keri Weinberg's Gross Pay = $1,537
Working Notes:
Hourly wages $432.00
[$9 per hour x 48 hours ]
Commission on sales
Product A $442.00
[$13 per sale x 34 units sales ]
Product B 663
[$17 per sale x 39 units sales ]
Keri Weinberg's Gross Pay = $ $1,537.00
5. Tom Wilson's Gross Pay = $3,060.60
Working Notes:
Hourly wages $740.60
[$16.10 per hour x 46 hours ]
Commission on sales $2,320.00
[$14,500 x 16% ]
Tom Wilson's Gross Pay = $ $3,060.60
Please feel free to ask if anything about above solution in comment section of the question.

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