What is the answer in number 6?~ Quiz 4- Accounting for Labor1. JYD Accounting Firm pays its employees at a rate of P50/hr. The tax and other deductions amountto 20% of monthly income in excess of P1,000 if an employee works 40 hours in a 120 hours in amonth.How much is the gross payroll?2. JYD Accounting Firm pays its employees at a rate of P50/hr. The tax and other deductions amountto 20% of monthly income in excess of P1,000 if an employee works 40 hours in a 120 hours in amonth.How much is the net pay?3. Richard Corp has the following data for the third week of December:Employee Name ClassificationHours Worked Rate per hourA. KuholLaborer4550B. AileenOffice Secretary4645C. JoseLaborer5052D. JayE. RichmondFactory SupervisorSales agentLaborer55485260F. Edward4845The following are to be deducted to the gross earnings of employees:Witholding taxes5%SSS contributionsPhilhealth3%1%Pag-ibig1%Richard Corp paid its employees one and half times the regular rate for hours worked in excess of 40hours.How much is the gross payroll?4. Richard Corp has the following data for the third week of December:Employee Name ClassificationHours Worked Rate per hourG. KuholLaborer4550H. AileenOffice Secretary4645I. JoseJ. JayLaborer5052Factory Supervisor 55Sales agent48K. Richmond5260L. EdwardLaborer4845The following are to be deducted to the gross earnings of employees:5%Witholding taxesSSS contributions3%Philhealth1%Pag-ibig1%Richard Corp paid its employees one and half times the regular rate for hours worked in excess of 40hours. The amount charged to Work in Process account is how much?5. Richard Corp has the following data for the third week of December:Employee Name ClassificationHours Worked Rate per hourM. KuholN. AileenO. JoseP. JayQ. RichmondR. EdwardLaborerOffice Secretary45504645Laborer5052Factory Supervisor 55Sales agent485260Laborer4845The following are to be deducted to the gross earnings of employees:Witholding taxesSSS contributionsPhilhealth5%3%1%Pag-ibig1%Richard Corp paid its employees one and half times the regular rate for hours worked in excess of 40hours.How much is the amount charged to Manufacturing Overhead?6. Richard Corp has the following data for the third week of December:Employee Name ClassificationHours Worked Rate per hourS. KuholLaborerOffice Secretary4550T. Aileen4645U. JoseV. JayW. RichmondX. EdwardLaborer5052Factory Supervisor5548Sales agentLaborer52604845The following are to be deducted to the gross earnings of employees:Witholding taxesSSS contributionsPhilhealth5%3%1%Pag-ibig1%Richard Corp paid its employees one and half times the regular rate for hours worked in excess of 40hours.What is the total amount charged to Selling and Administrative expenses?7. Mr. Koala, a factory worker is paid P150 per hour for a regular work of 40 hours. During the week,Mr. Koala worked 45 hours and earned time and a half for overtime hours.If overtime premium is charged to the jobs worked during the overtime hours, how much is theamount charged to Work in Process account?8. Mr. Koala, a factory worker is paid P150 per hour for a regular work of 40 hours. During the week,Mr. Koala worked 45 hours and earned time and a half for overtime hours.

An expense is the cost of an asset that a firm uses to generate revenue in its operations. To put it…

6. Richard Corp has the following data for the third week of December: Employee Name Classification Hours Worked Rate per hour S. Kuhol Laborer 45 50 T. Aileen Office Secretary 46 45 U. Jose V. Jay W. Richmond X. Edward Laborer 50 52 Factory Supervisor 55 48 Sales agent Laborer 52 60 48 45