Accounting for LaborIf emplovees work on a five day work week and are paid every Friday otweek, Using the calendar year method of accounting, determine the of thePag-ibig ContributionWithholding taxes30,000500,000on Wednesday.a. P16,200b. Р27,000The employers' taxes are as follows:Sss ContributionPhilhealth ContributionPag-ibig Contributionc. P10,800d. P5,400200,00030,00030,000The total weekly payroll charged to work in process account is:a. P5,100b. P8,500c. P16,000d. P9,600Total accrued payroll charged to expense account is:a. P8,100b. P11,000c. P6,600d. P18,500Comead 25% to administrative and 5% to selling expenses.Compute the total amount of payroll to be charged to work in preIt is the total amount earned by the workera. Net payb. Gross payc. Gross earnings less deductionsd. Bonus pay41.accounta. P5,000,000b. P2,500,000c. P3,500,000d. P4,340,000How much is the total factory overhead control account?a. P2,560,000b. P1,500,000c. P1,000,000d. P1,182,000Feast Corporation operates a factory on a two shift basis and pays a lateshift differential of 15%. It also pays a premium of 50% for overtime work.Since Feast manufactures only for stock, the cost system provides foruniform direct labor hourly charges for production done without regard toshift worked or worked done on an overtime bases. Overtime and late shiftdifferentials are included in Feast's factory overhead application rate. TheJanuary payroll for production workers is as follows:42.How much is the total expense charged to selling and administrative?a. P1,500,000b. P1,578,000c. P5,000,000d, P5,260,000Wages at basis of direct labor ratesShift DifferentialsHow much is the net payroll?a. P4,340,00ob. P5,000,000c. P4,080,000d. P4,600,000325,00025,00010,000Overtime Premiums44. Ivan Corp. has the following data for the month of October 2025:50,0006,5001,000200100Gross WagesEmployees, TaxesFor the month of January, what amount of direct labor should be chargedto Work in Process account?a. P325,000b. РЗ35,000Rivera Corp has the following data for the month of December 2030:c. P350,000d. P360,000Philhealth43.Pag-ibigGross PayrollEmployee's Deductions:SSS ContributionPhilhealth Contributionn October 31, what is the amount to be recorded in the work in processinventory account?a. P50,000b. P43,5005,000,000c. P42,200d. P48,700100,00030,000226227Chapter 4: A on Cost Accounting The total amount to be credited to accrued payroll for the month of OctoberAccounting for LaborChapteis:ProbleСРАdeductemploa. P50,000b. P43,500c. P42,200d. P48,700Mr. Iram, a factory worker is paid P100 per hour for a regular work of 40hours. During the week, Mr. Iram worked 50 hours and earned time and45.Requia. Grcb. Nethalf for overtime hours.What is the amount to be debited to factory overhead control account, ifovertime premium is charged to specific job?a. P4,000b. P5,000с. Р500d. POProbemplWhat is the amount to be debited to factory overhead control account, ifovertime premium is charged to the factory overhead control account?a. P4,000b. P5,000c. P500d. POWhat is the amount to be debited to Work in Process account if overtimepremium is charged to the factory overhead control account?a. P4,000b. P5,000c. P5,500d. PORecWhat is the amount to be debited to Work in Process account if overtimepremium is charged to specific job?а. Р4,000b. P5,000a.b.c. P5,500d. POPrMr. Erwin Rafael, a machine operator has a wage rate of P400 per hour.The company pays time and half for time over 40 hours per week. Howmuch of these earnings should be charged to work in process inventoryaccount if Mr. Erwin Rafael worked for 45 hours in a week.a. P16,000b. P18,00046.Ric. P27,000d. P24,000How much of the earnings are charged to factory overhead control accounta. Р8,000b. P9,000c. P1,000d. P5,000The total gross earnings of Mr. Erwin Rafaela. P27,000b. P24,000c. P19,000d. P17,000228

Hi student Since there are multiple questions, we will answer only first question. Since first…

Answered: 18,30 41. It is the total amount earned…

18,30 41. It is the total amount earned by the worker a. Net pay b. Gross pay c. Gross earnings less deductions d. Bonus pay рay

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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