Required information Exercise 2-26 Overtime Cost (LO 2-5) Skip to question [The following information applies to the questions displayed below.] A loom operator in a textiles factory earns $15.00 per hour. By contract, the employee earns $22.50 (time and a half) for overtime hours. The operator worked 44 hours during the first week of May, and overtime is paid after the usual 40 hours. Exercise 2-26 Part 1 Required: 1. Compute the loom operator's compensation for the week. (Round your final answer to 2 decimal places.)