Question

In: Accounting

A construction company employing 288 people experienced the following safety record for the year: 1 fatality...

A construction company employing 288 people experienced the following safety record for the year:

  • 1 fatality
  • 8 cuts, requiring stitches
  • 47 cuts, requiring bandages only
  • 18 cuts, requiring bandages & tetanus shots
  • 41 sprains requiring cold therapy
  • 8 sprains, resulting in lost time
  • 2 sprains, resulting in restricted duty

Assuming an overtime rate of 22%, calculate:

  1. . OSHA Recordable Rate
  2. 2. OSHA Lost Time Rate
  3. Populate the MS XL OSHA 300A (Summary)

TYPE EVERY THING PLEASE. SO I CAN COPY

Solutions

Expert Solution

Answer :

1. OSHA Recordable incident Rate (Annually) =
(Number of recordable cases X 200,000)/(Number of labor hours at the company).
= (8+47+18+41+8+2)*200000/(288*52*5*8*1.22)
= 33.934
2. OSHA Lost Time Rate
= (8+2)*200000 / (288*52*5*8*1.22)
= 2.737

OSHA 300A :  

Please Upvote Thank You !!!

ekkarill92 answered 2 years ago
Next > < Previous

Related Solutions

Johny started Bowling Company on January 1, Year 1. The company experienced the following events during...
Johny started Bowling Company on January 1, Year 1. The company experienced the following events during its first year of operation: Earned $16,200 of cash revenue. Borrowed $12,000 cash from the bank. Adjusted the accounting records to recognize accrued interest expense on the bank note. The note, issued on September 1, Year 1, had a one-year term and an 8 percent annual interest rate. Required a. What is the amount of interest payable at December 31, Year 1? b. What...
Bill Darby started Darby Company on January 1, Year 1. The company experienced the following events...
Bill Darby started Darby Company on January 1, Year 1. The company experienced the following events during its first year of operation: Earned $1,100 of cash revenue. Borrowed $2,200 cash from the bank. Adjusted the accounting records to recognize accrued interest expense on the bank note. The note, issued on September 1, Year 1, had a one-year term and an 9 percent annual interest rate. Required a. What is the amount of interest payable at December 31, Year 1? b....
Lakeview Builders is a construction company (building houses, offices, and hotels) employing a large number of...
Lakeview Builders is a construction company (building houses, offices, and hotels) employing a large number of workers on various construction sites. The internal audit department of Lakeview Builders is currently reviewing cash wages systems within the company. The following information is available concerning the wages systems: (a) Hours worked are recorded using a clocking in/out system. On arriving for work and at the end of each day’s work, each worker enters their unique employee number on a keypad. (b) Workers...
Maben Company was started on January 1, Year 1, and experienced the following events during its...
Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation: Acquired $34,000 cash from the issue of common stock. Borrowed $36,000 cash from National Bank. Earned cash revenues of $52,000 for performing services. Paid cash expenses of $47,000. Paid a $1,400 cash dividend to the stockholders. Acquired an additional $24,000 cash from the issue of common stock. Paid $9,000 cash to reduce the principal balance of the bank note. Paid...
. A construction company has a good standard of health and safety management system. Cite [1]...
. A construction company has a good standard of health and safety management system. Cite [1] two benefits of this achievement. note for expert in chegg please write your answer by computer
Holmes Cleaning Service began operation on January 1, Year 1. The company experienced the following events...
Holmes Cleaning Service began operation on January 1, Year 1. The company experienced the following events for its first year of operations: Events Affecting Year 1: Provided $170,000 of cleaning services on account. Collected $127,500 cash from accounts receivable. Paid salaries of $44,000 for the year. Adjusted the accounts to reflect management’s expectations that uncollectible accounts expense would be $1,900. The expense was determined using the percent of revenue method. c. Prepare an income statement, balance sheet, and statement of...
Construction Safety 1. Corporate safety plans, site specific safety plans, and emergency response plans are very...
Construction Safety 1. Corporate safety plans, site specific safety plans, and emergency response plans are very long and detailed. Employees are usually trained in the application of these plans but what happens to workers and the company if an employee with duties in these plans does not remember something they are responsible to do in the plans when an accident or emergency happens? Please write a comprehensive answer including 1) possible reasons what went wrong, 2) what can be the...
Construction Safety 1. Corporate safety plans, site specific safety plans, and emergency response plans are very...
Construction Safety 1. Corporate safety plans, site specific safety plans, and emergency response plans are very long and detailed. Employees are usually trained in the application of these plans but what happens to workers and the company if an employee with duties in these plans does not remember something they are responsible to do in the plans when an accident or emergency happens? Please write a comprehensive answer including 1) possible reasons what went wrong, 2) what can be the...
Colton Enterprises experienced the following events for Year 1,the first year of operation:Acquired $53,000...
Colton Enterprises experienced the following events for Year 1, the first year of operation:Acquired $53,000 cash from the issue of common stock.Paid $13,800 cash in advance for rent. The payment was for the period April 1, Year 1, to March 31, Year 2.Performed services for customers on account for $108,000.Incurred operating expenses on account of $44,000.Collected $82,500 cash from accounts receivable.Paid $39,000 cash for salary expense.Paid $35,200 cash as a partial payment on accounts payable.Adjusting EntriesMade the adjusting entry for...
On February 1, 2021, Arrow Construction Company entered into a three-year construction contract to build a...
On February 1, 2021, Arrow Construction Company entered into a three-year construction contract to build a bridge for a price of $8,000,000. During 2021, costs of $2,000,000 were incurred, with estimated costs of $4,000,000 yet to be incurred. Billings of $2,500,000 were sent, and cash collected was $2,250,000. In 2022, costs incurred were $2,500,000 with remaining costs estimated to be $3,600,000. 2022 billings were $2,750,000, and $2,475,000 cash was collected. The project was completed in 2023 after additional costs of...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT