Becky Graham earns $15 per hour for up to 300 units of production per eight-hour day. If she produces more than 300 pieces per day, she will receive an additional piece rate of $.40 per unit. A summary of her work week follows: Hours Worked Pieces
Finished Monday 8 350 Tuesday 8 280 Wednesday 8 320 Thursday 8 290 Friday 8 300 (a) Determine Graham's earnings for each day and for the week. (b) Prepare the journal entry to distribute the payroll for the week.
(a) Graham's earnings are calculated as follows:
Hours Worked Pieces Finished Earnings @ $15.00/hr Earnings @ $.40/unit Make-up Guarantee Payroll Earnings
Monday 8 350 $120 $140 $140
Tuesday 8 280 120 112 $ 8 120
Wednesday 8 320 120 128 128
Thursday 8 290 120 116 4 120
Friday 8 300 120 120 120
$600 $616 $12 $628
(b)
Work in Process 616
Factory Overhead 12
Payroll 628
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