what is the answer in number 7? Activity 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.Required : Compute the following:A. Gross PayB. Net Pay2. Richard Corp has the following data for the third week of December:Employee Name ClassificationHours WorkedRate per hourA. KuholB. AileenC. JoseLaborer4550Office Secretary4645Laborer5052Factory SupervisorSales agentLaborerD. Jay5548E. Richmond5260F. Edward4845The following are to be deducted to the gross earnings of employees:Witholding taxesSSS contributions5%3%Philhealth1%Pag-ibig1%Richard Corp paid its employees one and half times the regular rate for hours worked in excess of 40hours.Required: Prepare Journal Entries to recordA. PayrollB. Labor distribution3. 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.Required: Prepare Journal EntriesA. If overtime premium is charged to the jobs worked during the overtime hours.B. If the overtime premium is not charged to specific jobs.4. Peter Senen Corp has the following data for the fourth week of MarchHours WorkedEmployee Name Hourly Rate Sun Mon TueWedThursFriSatTotalKris90088888854Bryan95087109849Rose7501.89.109853Tess90081088856Jose1,0009886710856The rate for hours in excess of 40 is one and half times the regular rate. The rate for hours worked onSunday is twice the regular rate.Required: compute the gross earnings of each employee. 5. Mr. Combate, a factory laborer earns P18,000 per month, and the company pays one month salaryas a bonus at the end of the year. Mr. Combate is entitled to a half month paid vacation leave. Thecompany also pays P4,000 a year into a pension fund of the worker. All fringe benefits of factorylaborer are charged to the factory overhead account. The fringe benefits are charged to productionduring the 11 1/2 months the employee is at work.Required: Compute the total liability for fringe benefits and prepare journal entries to recordthe incurrence of labor cost, distribution and fringe benefit liabilities.6. JYD Corp. Has the following data for the month of March 2021:Gross PayrollEmployee's deductions:SSS Contribution1,000,00020,00010,00010,000Philhealth ContributionPag-ibig ContributionWitholding taxes100,000The employer contributions are as follows:SSS contributionPhilhealth contribution40,00010,000Pag-ibig contribution10,000The 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.Required: Prepare the journal entries for:A. Labor IncurrenceB. Labor DistributionC. To record employer's contributionD. Payment of accrued payroll7. The following data on XYZ Corp workers idle time are as follows:Normal Idle TimeAbnormal Idle TimeWage Rate per hourHans, Factory supervisor 6Cielo, Factory laborerHeinthji, Factory laborer 82400822502250Required: Prepare the journal entry to record the idle time of the three workers.

As per the requirement, we’ll answer the 7th question.

7. The following data on XYZ Corp workers idle time are as follows: Normal Idle Time Abnormal Idle Time Wage Rate per hour 400 Hans, Factory supervisor 6 Cielo, Factory laborer Heinthji, Factory laborer 8 2 8 2 250 2 250 Required: Prepare the journal entry to record the idle time of the three workers.