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C : 5. (10%) . Kaleidoscope Cutlery manufactures kitchen...

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Accounting

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C : 5. (10%) . Kaleidoscope Cutlery manufactures kitchen knives. Ope of the employees, whose job is to cut out wooden knife handles, worked 53 beurs during a week in January. The employee earns $16 per hour for a 40-hour week. For additional hours the employee is paid an overtime rate of $21 per hour. The employee's time was spent as follows: Regular duties involving cutting out knife handles 3 hours 7 hours 3 hours General shop cleanup duties Idle time due to power outage Required: i. Calculate the total cost of the employee's wages during the week described above. ii. Determine the portion of this cost to be classified in each of the following categories: a. Direct labor b. Manufacturing overhead (idle time) Pp c. Manu facturing overhead (overtime time) d. Manufacturing overhead (idte time)

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