8,34061959:3858230924Labor InformationNOV22Regular Rate $16.00/hrFor a 13-person team, how many extra workers should be hired to meet the labor hours needed withoutovertime?Overtime Rate $23.50/hrTargeted Labor Cost $12,000/wkLabor Hours Needed 750/wkAny hour worked over 40 hrs/wk must be paid overtime ratetvNIJZA @EN (US) VWⒸME

Targeted Labor Cost is $12,000 per weekLabor hours needed are 750 Hrs/WeekPay per hour is

Answered: Labor Information Regular Rate…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 3PA: Pocono Cement Forms expects $900,000 in overhead during the next year. It does not know whether it...

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21. Ethel Corp. Has the following data for the year 2021:Estimated FOHP40.000 + (P 2X Mhr)Estimated machine hours5.000Assume that Ethel Corp. Has work on three jobs: 01; 02; and 03 last year. 1,500machine hours were spent for job 01; 2,000 machine hours for job 02; and 1,700machine hours for job 03. The actual factory overhead is P56,000 using 5,200machine hours.What is the total under or over applied Factory Overhead?
1. An industry employees 450 workers during the month of Decemcber 2019.The following arethe details of Expenditure as follows .Cost of material=$ 86000, Rate of wages for each employee =$ 3 per hour of normal duty and $ 6per hour of overtime duty. Man hours per day of normal duty= 8 hours. Number of holidays per month (with out wages)=6 days. Total over head expenses = $23000.The workers were paid overtime for 375 hours. Calculate (i) Total cost/month (ii) Man hour rate on costs …..
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Pocono Cement Forms expects $900,000 in overhead during the next year. It does not know whether it should apply overhead on the basis of its anticipated direct labor hours of 60,000 or its expected machine hours of 30,000. Determine the product cost under each predetermined allocation rate if the last job incurred $1,550 in direct material cost, 90 direct labor hours, and 75 machine hours. Wages are paid at $16 per hour.

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Labor Information Regular Rate $16.00/hr Overtime Rate $23.50/hr Targeted Labor Cost $12,000/wk Labor Hours Needed 750/wk Any hour worked over 40 hrs/wk must be paid overtime rate For a 13-person team, how many extra workers should be hired to meet the labor hours needed without overtime?