Homework Clinic
Social Science Clinic => Accounting => Topic started by: eruditmonkey@yahoo.com on Jul 5, 2018
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Jillian Diaz receives a regular salary of 1,500 a month and is entitled to overtime pay at the rate of one and one-half times the regular hourly rate for any time worked in excess of 40 hours per week. Diaz's overtime pay rate is
a. 6.92.
b. 12.98.
c. 276.92.
d. 1,800.
Question 2
Rigby Company buys merchandise from Shoshone Company with an invoice cost of 100,000 and shipping terms of FOB shipping point. The freight costs amount to 1,000. Which of the following statements is TRUE?
A) Rigby Company will record freight-in costs of 1,000.
B) Shoshone Company will record freight-out costs of 1,000.
C) Shoshone Company will record freight-in costs of 1,000.
D) Rigby Company will have inventory cost of 10,000.
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Answer to Question 1
b
Answer to Question 2
A