Question

Kipley Company is a small manufacturing firm located inPittsburgh, Pennsylvania. The company has a workforce of bothhourly and salaried employees. Each employee is paid for hoursactually worked during each week, with the time worked beingrecorded in quarter-hour increments. The standard workweek consistsof 40 hours, with all employees being paid time and one-half forany hours worked beyond the 40 regular hours.

Wages are paid every Friday, with one week's pay being held backby the company. Assume that the first payday for Kipley Company isJanuary 14 for the workweek ending January 8 (Saturday).

You are being asked to complete Kipley's Payroll Register forthe pay period ending January 8, 20--. Ms. Glenda B. Robey preparesthe Time Clerk's Report for each pay period. This alongwith the Hourly Wage / Salary Report is provided.

Requirement:

Record the regular hours and the overtime hours worked for eachemployee, 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 workedovertime, complete the Overtime Earnings columns (Rate per Hour andAmount).
For salaried workers, complete the Regular Earnings column and showthe hourly overtime rate and earnings only if overtime wasworked.

Record the Total Earnings for each employee by adding theRegular Earnings and the Overtime Earnings.

Hourly Wage / Salary Report

Kipley's Hourly Wage / Salary Report is provided below, listingeach employee's assigned time card number as well as theirindividual hourly rate or salary.

Time Card No.	Employee Name	Hourly Wage orSalary
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 year

Time Clerk's Report

Ms. Glenda B. Robey prepares the time clerk's report for eachpay period. Her report for the first week of operations is givenbelow.

Note: All employees, except for Carson Kipley, are paidfor hours worked beyond 40 at one and one-half times their regularhourly rate of pay.

TIME CLERK'S REPORT NO. 1 For Period Ending January 8,20--
	Employee	Time Record						Time Worked*	Time Lost
		M	T	W	T	F	S
11	Fran M. Carson	8	8	8	8	8	–	40
12	William A. Wilson	8	8	8	8	8	8	48
13	Harry T. Utley	8	5½	8	8	8	–	37½	2½ hrs. tardy
21	Lawrence R. Fife	10	10	8	8	10	–	46
22	Lucy K. Smith	8	8	8	8	8	–	40
31	Gretchen R. Fay	8	8	8	8	8	1¼	41¼
32	Glenda B. Robey	8	8	8	8	8	–	40
33	Thomas K. Schork	8	8	8	8	8	–	40
51	Barbara T. Hardy	8	8	8	8	8	4	44
99	Carson C. Kipley	8	8	8	8	8	–	40

Payroll Register

This is the first task to completing Kipley Company's payrollregister. Complete the steps outlined below:

Record the regular hours and the overtime hours worked for eachemployee, 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 workedovertime, complete the Overtime Earnings columns (Rate per Hour andAmount).
For salaried workers, complete the Regular Earnings column and showthe hourly overtime rate and earnings only if overtime wasworked.

Record the Total Earnings for each employee by adding theRegular Earnings and the Overtime Earnings.

If an amount box does not require an entry, leave it blank orenter "0". If required, round your intermediate calculations to thenearest cent and use the rounded amounts in subsequentcomputations. Round fraction values to the nearest two decimalplaces, e.g. 1 1/2 to 1.50.

KIPLEY COMPANY, INC. Employee Payroll Register For Period Ending January 8, 20 --
				Regular Earnings			Overtime Earnings
Time Card No.	Name	Marital Status	No.W/H Allow.	Hours Worked	Rate per Hour	Amount	Hours Worked	Rate per Hour	Amount	Total Earnings
11	Carson, F.	S	1		$	$		$	$	$
12	Wilson, W.	S	0
13	Utley, H.	M	2
21	Fife, L.	M	4
22	Smith, L.	S	2
31	Fay, G.	M	3		………
32	Robey, G.	M	6		………
33	Schork, T.	S	1		………
51	Hardy, B.	M	5		………
99	Kipley, C.	M	7		………
Totals						$	………	………	$	$