During One Week, Three Employees of the Siesta Inn Worked

question 68

Essay

During one week, three employees of the Siesta Inn worked the number of hours shown below. All these employees receive overtime pay at one and a half times their regular hourly rate for any hours worked beyond 40 in a week. Compute the regular earnings, overtime earnings, and gross pay for each employee.
$\begin{array}{|c|r|l|l|l|l|}\hline \begin{array}{l}\text { Employee } \\\text { No. }\end{array} & \begin{array}{l}\text { Regular } \\\text { Hourly Rate }\end{array} & \begin{array}{l}\text { Hours } \\\text { Worked }\end{array} & \begin{array}{l}\text { Regular } \\\text { Earnings }\end{array} & \begin{array}{l}\text { Overtime } \\\text { Earnings }\end{array} & \text { Gross Pay } \\\hline 1 & \$ 14.00 & 46 & & & \\\hline 2 & 12.00 & 44 & & & \\\hline 3 & 10.00 & 45 & & & \\\hline\end{array}$

Appreciate the significance of human resource accounting and its methodologies.

Understand the concept of target costing in product pricing.

Analyze the implications of return on investment (ROI) on pricing strategies.

Learn how to calculate the target cost per unit for new products.

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