14. Owl Corp. has the following data for the month of March 2021:Gross PayrollEmployee's deductions:SSS ContributionP2,000,000P20,000Philhealth10,000Pag-ibigWitholding taxes10,000100,000The employer share of mandatory deductions are as follows:SSS ContributionP40,00010,000PhilhealthPag-ibig10,000The company distributes its total payroll as follows: 50% to direct labor; 20% to indirect labor; 25% toadministrative and 5% to sales salary. The company also apportions employer's contribution asfollows: 70% to factory overhead; 25% to administrative and 5% to selling expenses.Determine the following:A. total accrued payroll.B. the amount charged to Worked in Process account.C. the amount charged to Factory Overhead.D. the employer's share charged to Factory Overhead.E. the employer's share charged to Selling and Administrative Expenses

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Answered: 14. Owl Corp. has the following data…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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