Homework SourseCH https3A a degg xam Chp 111 6 Help Seve Exercise 102 Co
CH https%3A%. ? | | a degg xam Chp 1.11 6 Help Seve Exercise 10.2 Computing regular earnings, overtime earnings, and gross pay. LO 10-2 During one week, four production employees of Morgan Manufacturing Company worked the hours shown below All these rate for Determine the regular earnings, overtime earnings, and gross earnings for each employee. (Round your intermediate calculations and final answers to 2 decimal places Rate Hours Regular Overtime Earnings Earnings Gross 10 80 10 42 10 26 S 37 10 60
Solution
EMP NO.
| EMP NO. | HOURLY RATE($) | TOTAL HOURS WORKED | OVERTIME RATE($) | OVERTIME HOURS WORKED | REGULAR EARNING($) | OVERTIME EARNING($) | GROSS EARNINGS($) |
| 1 | 10.8 | 44 | 16.2 | 4 | 40*10.8=432 | 4*16.2=64.8 | 432+64.8=496.8 |
| 2 | 10.42 | 45 | 15.63 | 5 | 40*10.42=416.8 | 5*15.63=78.15 | 416.8+78.15=494.95 |
| 3 | 10.26 | 37 | -- | -- | 37*10.26=379.62 | -- | 379.62 |
| 4 | 10.60 | 46 | 15.9 | 6 | 40*10.6=424 | 6*15.9=95.4 | 424+95.4=519.4 |
