please do this question Question One: Akua works in the manufacturing...

60.1K

Verified Solution

Question

Accounting

please do this question
image
Question One: Akua works in the manufacturing department of Impala Iron Work (IIW) as a machine operator. Akua, a long- time employee of lio, is paid on an hourly basis at a rate of $25 per hour. She works five 8-hour shifts per week from Monday to Friday (40 hours). Any time Akua works beyond these 40 hours is considered overtime for which she is paid at a rate of $40 per hour. Akua is paid her regular wages even if the machines are down (not operating) due to regular machine maintenance, slow order periods, or unexpected mechanical problems. These hours are considered "Idle time." During December Akua worked 190 hours; of which 30 hours were overtime and 15 hours were idle time. Required: 1. Calculate the overtime premium 2. Calculate the idle time payment 3. Is idle time and overtime premium a direct or indirect cost of the products that Akua worked on in December? Explain. 4. Calculate indirect manufacturing labor cost 5. Calculate direct manufacturing labor cost

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students