10. REGINE COMPANY operates its factory on a two-shift basis and pays late-shift differential of 15%. Regine also pays a premium of 50% for overtime work. Since Regine manufactures only for stock, the cost system provides for uniform direct-labor hourly charges for production done without regard to shift worked or work done on an over- time basis. Overtime and late-shift differentials are included in Regine's factory overhead application rate. The May 2011 payroll for production workers is as follows: Wages at base direct-labor rate P 325,000 Shift differentials 25,000 Overtime premiums 10,000 For the month of May 2011, what amount of direcct labor should Regine charge to work-in-process? A P 325,000 P 335,000 C P 350,000 D P 360,000
10. REGINE COMPANY operates its factory on a two-shift basis and pays late-shift differential of 15%. Regine also pays a premium of 50% for overtime work. Since Regine manufactures only for stock, the cost system provides for uniform direct-labor hourly charges for production done without regard to shift worked or work done on an over- time basis. Overtime and late-shift differentials are included in Regine's factory overhead application rate. The May 2011 payroll for production workers is as follows: Wages at base direct-labor rate P 325,000 Shift differentials 25,000 Overtime premiums 10,000 For the month of May 2011, what amount of direcct labor should Regine charge to work-in-process? A P 325,000 P 335,000 C P 350,000 D P 360,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:10.
REGINE COMPANY operates its factory on a two-shift basis and pays late-shift differential of 15%. Regine also
pays a premium of 50% for overtime work. Since Regine manufactures only for stock, the cost system provides for
uniform direct-labor hourly charges for production done without regard to shift worked or work done on an over-
time basis. Overtime and late-shift differentials are included in Regine's factory overhead application rate. The
May 2011 payroll for production workers is as follows:
Wages at base direct-labor rate
P
325,000
Shift differentials
25,000
Overtime premiums
10,000
For the month of May 2011, what amount of direcct labor should Regine charge to work-in-process?
A P 325,000
B
P 335,000
C P 350,000
D
P 360,000
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