Required information The following information applies to the questions displaye

Question

Required information The following information applies to the questions displayed below] Highlander Cutlery manufactures kitchen knives. One of the employees, whose job is to cut out wooden knife handles. worked 47 hours during a week in January The employee earns $19 per hour for a 40-hour week, and overtime is paid after 40 hours. For additional hours the employee is paid an overtime rate of $24 per hour. The employee's time was spent as follows: Regular duties involving cutting out knife handles Genezal shop cleanup duties Idle time due to power outage 39 hourS 5 hours hours Required 1. Calculate the total cost of the employee's wages during the week described above

Explanation / Answer

1. Total cost of wages = [40 hours * $19] + [(47 hrs - 40 hrs) * $24]

= $760 + (7 hrs* $24)

= $760 + $168

= $928

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