16. The following data of JYD Corp. Workers idle time are as follows: Normal Idle Time Abnormal Idle time Wage Rate/hr. 6 hrs 2 hrs P400 Mr. Gom, Factory Supervisor Mr. Bur, Factory laborer Mr. Za, Factory laborer 8 hrs 2 hrs 250 8 hrs 2 hrs. 250 Prepare the journal entry to record the idle time of the three workers.
16. The following data of JYD Corp. Workers idle time are as follows: Normal Idle Time Abnormal Idle time Wage Rate/hr. 6 hrs 2 hrs P400 Mr. Gom, Factory Supervisor Mr. Bur, Factory laborer Mr. Za, Factory laborer 8 hrs 2 hrs 250 8 hrs 2 hrs. 250 Prepare the journal entry to record the idle time of the three workers.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
What is the answer in number 16?~
Transcribed Image Text:PAg-ibig
Witholding taxes
10,000
100,000
The employer share of mandatory deductions are as follows:
SsS Contribution
P40,000
Philhealth
10,000
10,000
Pag-ibig
The company distributes its total payroll as follows: 50% to direct labor: 20% to indirect labor: 25% to
administrative and 5% to sales salary. The company also apportions employer's contribution as
follows: 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
15. The following are data available for the month of September 2021 of Saint James Corp.
Gross Earnings
P8,500,000
Deductions:
SSS Contribution
Philhealth
425,000
85,000
Pag-ibig
Witholding taxes
85,000
2,125,000
Determine the following:
A. Accrued payroll
B. Amount charged to Worked in Process account
16. The following data of JYD Corp. Workers idle time are as follows:
Normal Idle Time
Abnormal Idle time
Wage Rate/hr.
Mr. Gom, Factory Supervisor
Mr. Bur, Factory laborer
6 hrs
8 hrs
8 hrs
2 hrs
P400
2 hrs
250
Mr. Za, Factory laborer
2 hrs.
250
Prepare the journal entry to record the idle time of the three workers.
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