1. Jose Santos worked 46 hours in one week at a ratę of P45 an hour.E is paid one and a half times the regular rate for hours worked i a excess of 40. What is the gross earnings of Jose Santos: а. Р2,205 b. P2,070 c. P2,340 d. P1,800
1. Jose Santos worked 46 hours in one week at a ratę of P45 an hour.E is paid one and a half times the regular rate for hours worked i a excess of 40. What is the gross earnings of Jose Santos: а. Р2,205 b. P2,070 c. P2,340 d. P1,800
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:Labor Accounting-Control and Costing
work of 40 hours. During the week ended March 23, Mike G worked
3. Mike G, a production employee is paid P180 per hour for a regular
185
Kike G, a production employee is paid Pl180 per hour for a regular
Sk of 40 hours. During the week ended March 23, Mike G worked
o hours and earned time and a half for overtime hours.
What is the amount that should be charged to Work in Process account
if the overtime premium is charged to production worked on during
the overtime hours?
а. Р9,000
b. Р9,900
с. Р8,900
d. P9,500
4. Using the data in No. 3, what is the amount that should be charged to
Work in Process account, if the overtime premium is charged to
manufacturing overhead?
а. Р9,000
b. P9,900
c. P8,900
d. P9,500
5. Four factory workers and a supervisor make a team in the Machining
Department. The supervisor earns P100 per hour, and the combined
hourly charge of the four workers is P320. Each employee is entitled
to a 2-week paid vacation and a bonus equal to 4 week's wages each
year. Vacation pay and bonuses are treated as indirect costs and are
accrued over the 50 week work year. A provision in the union contract
does not allow. these employees to work in excess of 40 hours per
week.
What is the amount to be charged to Manufacturing Overhead Control
account?
a. P 1,344
b. P 2,016
C. P20,000
d. P 6,720
Transcribed Image Text:1. Jose Santos worked 46 hours in one week at a ratę of P45 an hour. E
is paid one and a half times the regular rate for hours worked
La
Chap
184
MULTIPLE CHOICES-COMPUTATIONAL
excess of 40.
What is the gross earnings of Jose Santos:
а. Р2,205
b. P2,070
c. P2,340
d. P1,800
2. The data below pertains to the earnings of Pedro Castro for the week
ended June 16, 2018:
Hours and rate
42 hours worked at P40 an hour
Earnings to date
P14.00
Overtime rate
One and a half times the regular
rate for hours worked in excess of
40 hours.
Withholding tax
3% of gross earnings
SSS contributions
2% of gross earnings
Phil. Health contributions
1% of gross earnings
Pag-ibig contributions
1% of gross earnings
What is the net pay for Pedro Castro for the week?
P 1,599.60
b.
a.
P13,879.60
P 1,629.60
d. P13,580.00
c.
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