Kipley Company is a small manufacturing firm located in Pittsburgh, Pennsylvania
ID: 2408225 • Letter: K
Question
Kipley Company is a small manufacturing firm located in Pittsburgh, Pennsylvania. The company has a workforce of both hourly and salaried employees. Each employee is paid for hours actually worked during each week, with the time worked being recorded in quarter-hour increments. The standard workweek consists of 40 hours, with all employees being paid time and one-half for any hours worked beyond the 40 regular hours.
Wages are paid every Friday, with one week's pay being held back by the company. Assume that the first payday for Kipley Company is January 14 for the workweek ending January 8 (Saturday).
You are being asked to complete Kipley's Payroll Register for the pay period ending January 8, 20--. Ms. Glenda B. Robey prepares the Time Clerk's Report for each pay period. This along with the Hourly Wage / Salary Report is provided.
Requirement:
Record the regular hours and the overtime hours worked for each employee, using the time clerk's report as your reference.
Complete the Regular Earnings columns (Rate per Hour and Amount) for hourly employees. For only hourly employees that worked overtime, complete the Overtime Earnings columns (Rate per Hour and Amount).
For salaried workers, complete the Regular Earnings column and show the hourly overtime rate and earnings only if overtime was worked.
Record the Total Earnings for each employee by adding the Regular Earnings and the Overtime Earnings.
Hourly Wage / Salary Report
Kipley's Hourly Wage / Salary Report is provided below, listing each employee's assigned time card number as well as their individual hourly rate or salary.
Time Clerk's Report
Ms. Glenda B. Robey prepares the time clerk's report for each pay period. Her report for the first week of operations is given below.
Note: All employees, except for Carson Kipley, are paid for hours worked beyond 40 at one and one-half times their regular hourly rate of pay.
Payroll Register
This is the first task to completing Kipley Company's payroll register. Complete the steps outlined below:
Record the regular hours and the overtime hours worked for each employee, using the time clerk's report as your reference.
Complete the Regular Earnings columns (Rate per Hour and Amount) for hourly employees. For only hourly employees that worked overtime, complete the Overtime Earnings columns (Rate per Hour and Amount).
For salaried workers, complete the Regular Earnings column and show the hourly overtime rate and earnings only if overtime was worked.
Record the Total Earnings for each employee by adding the Regular Earnings and the Overtime Earnings.
If an amount box does not require an entry, leave it blank or enter "0". If required, round your intermediate calculations to the nearest cent and use the rounded amounts in subsequent computations. Round fraction values to the nearest two decimal places, e.g. 1 1/2 to 1.50.
Time Card No. Employee Name Hourly Wage or Salary 11 Fran M. Carson $17.50 per hour 12 William A. Wilson 17.25 per hour 13 Harry T. Utley 18.10 per hour 21 Lawrence R. Fife 17.90 per hour 22 Lucy K. Smith 19.75 per hour 31 Gretchen R. Fay 515 per week 32 Glenda B. Robey 2,700 per month 33 Thomas K. Schork 3,350 per month 51 Barbara T. Hardy 2,510 per month 99 Carson C. Kipley 52,000 per yearExplanation / Answer
Payroll Report for Kipley Company
(in $)
Regular Earnings
Total
Overtime Earnings
Total
Weekly pay
Time Card Number
Employee
Rate
Hours
Rate
Hours
11
Frank M. Carson
17.5
40
700
26.25
0
700
12
William A. Wilson
17.25
40
690
25.875
8
207
897
13
Harry t. Utley
18.1
37.5
678.75
27.15
0
678.75
21
Lawrence R. Fife
17.9
40
716
26.85
6
161.1
877.1
22
Lucy K. Smith
19.75
40
790
29.625
0
790
31
Gretchen R. Fay
12.87
40
514.8
19.305
1.25
24.13
538.93125
32
Glenda B. Robey
16.88
40
675.2
25.32
0
675.2
33
Thomas k. Schork
20.94
40
837.6
31.41
0
837.6
51
Barbara T. Hardy
15.69
40
627.6
23.535
4
94.14
721.74
99
Carson C. Kipley
25
40
1000
0
0
1000
26.25=17.25*1.5
Payroll Report for Kipley Company
(in $)
Regular Earnings
Total
Overtime Earnings
Total
Weekly pay
Time Card Number
Employee
Rate
Hours
Rate
Hours
11
Frank M. Carson
17.5
40
700
26.25
0
700
12
William A. Wilson
17.25
40
690
25.875
8
207
897
13
Harry t. Utley
18.1
37.5
678.75
27.15
0
678.75
21
Lawrence R. Fife
17.9
40
716
26.85
6
161.1
877.1
22
Lucy K. Smith
19.75
40
790
29.625
0
790
31
Gretchen R. Fay
12.87
40
514.8
19.305
1.25
24.13
538.93125
32
Glenda B. Robey
16.88
40
675.2
25.32
0
675.2
33
Thomas k. Schork
20.94
40
837.6
31.41
0
837.6
51
Barbara T. Hardy
15.69
40
627.6
23.535
4
94.14
721.74
99
Carson C. Kipley
25
40
1000
0
0
1000
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