Under the decimal system of computing time worked at


Assignment

Under the decimal system of computing time worked at Carman's Company, production workers who are tardy are "docked" according to the schedule shown below.

Minutes Late in Ringing in

Fractional Hour Deducted

1 through 6

1/10

7 through 12

2/10

13 through 18

3/10

19 through 24, etc.

4/10

The regular hours of work, Monday through Friday, are from 7:30 to 11:30 A.M. and from 12:30 to 4:30 P.M. During one week, Bernard Hoskins, who earns $12.95 an hour, reports in and checks out as shown below. Employees are not paid for ringing in a few minutes before 7:30 and 12:30 nor for ringing out a few minutes after 11:30 and 4:30.

(a)

DAY

AM

PM

HRS WORKED

M

In

Out

In

Out


7:28

11:31

12:50

4:31

T

7:35

11:30

12:30

4:30


W

7:44

11:33

12:27

4:32


Th

7:27

11:31

12:32

4:33


F

7:34

11:32

12:40

4:30


Refer to the partial time card and compute the following:

a. The hours worked each day. Enter any fraction of an hour as a decimal. For example 2 3/10 hours would be entered as 2.3.

b. The total hours worked. Round your answer to one decimal place.

c. The gross earnings for the week. Use the rounded total hours worked and round your final answer to the nearest cent.

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Under the decimal system of computing time worked at
Reference No:- TGS02604824

Now Priced at $15 (50% Discount)

Recommended (92%)

Rated (4.4/5)