(Answered) Problem - an employee of the assembly department is paid 20

Accounting

Problem - An employee of the Assembly Department is paid $20 per hour for a regular week of 40 hours. During the week ended July 15, the employee worked 50 hours and earned time and a half for the overtime hours.

Instructions:

1. Prepare the entry to distribute the labor cost if the job worked on during overtime was a rush order, the contract price of which included the overtime premium.

2. Prepare the entry to distribute the labor cost if the job worked on during overtime was the result of random scheduling.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92583145
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