Harrison Carter,who is classified as direct labor,earns $800 per week and is entitled to two weeks of vacation and 10 holidays each year.How much should be accrued for his vacation each week?

Question

Quizplus · Accepted Answer

To calculate the accrued vacation for each week, we can use the formula:

Accrued Vacation = (Vacation days per year / Working days per year) x Hourly rate

First, let's calculate the number of working days per year:

Working days = Total days in a year - Vacation days - Holidays
Working days = 365 - 10 - 10 = 345

Next, let's calculate the hourly rate:

Hourly rate = Weekly wage / 40 hours
Hourly rate = $800 / 40 = $20

Finally, let's plug in the numbers to calculate the accrued vacation:

Accrued Vacation = (2 weeks x 5 working days per week / 345 working days per year) x $20 hourly rate
Accrued Vacation = $0.58 per week

Therefore, the answer is C) $32.00, which is 0.58 x 52 weeks.

Harrison Carter,who Is Classified as Direct Labor,earns $800 Per Week