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age rate of P10.50 per hour, worked 40 hours each, Twe their time on Job 1011. In addition, Kyle Motus, a part-timer, worked on Job 1010 for P7.50 per hour, spent half of their 40-hour week on Job 1010 and the remainder of entirely Job 1010 during the past week. Eight other, who are paid at a wage rate of "e hours but was unable to work 4. hours because of the inefficiency of his. fellow vorkers in a prior stage. Kyle earns P9.25 per hour. Salaries for supervisors and maintenance personnel related to Job 1010 and 1011 amounted to P1,250. 11. Assuming that payroll withholdings are ignored and Jobs 1010 and 1011 are the only jobs being performed, what is the entry to record labor cost? a. Work in process inventory- Job 1010 Work in process inventory- Job 1011 Factory overhead control Payroll payable b. Work in process inventory- Job 1010 Work in process inventory- Job 1011 Factory overhead control Payroll payable c. Work in process inventory- Job 1010 Work in process inventory- Job 1011 Factory overhead control Loss 10,373 1,825 37 12,235 9,748 1,200 1,287 12,235 9,748 1,200 37 1,250 Payroll payable 12,235 -10,998 1,200 d. Work in process inventory- Job 1010 Work in process inventory- Job 1011 Factory overhead control Payroll payable 37 12,235

age rate of P10.50 per hour, worked 40 hours each, Twe their time on Job 1011. In addition, Kyle Motus, a part-timer, worked on Job 1010 for P7.50 per hour, spent half of their 40-hour week on Job 1010 and the remainder of entirely Job 1010 during the past week. Eight other, who are paid at a wage rate of "e hours but was unable to work 4. hours because of the inefficiency of his. fellow vorkers in a prior stage. Kyle earns P9.25 per hour. Salaries for supervisors and maintenance personnel related to Job 1010 and 1011 amounted to P1,250. 11. Assuming that payroll withholdings are ignored and Jobs 1010 and 1011 are the only jobs being performed, what is the entry to record labor cost? a. Work in process inventory- Job 1010 Work in process inventory- Job 1011 Factory overhead control Payroll payable b. Work in process inventory- Job 1010 Work in process inventory- Job 1011 Factory overhead control Payroll payable c. Work in process inventory- Job 1010 Work in process inventory- Job 1011 Factory overhead control Loss 10,373 1,825 37 12,235 9,748 1,200 1,287 12,235 9,748 1,200 37 1,250 Payroll payable 12,235 -10,998 1,200 d. Work in process inventory- Job 1010 Work in process inventory- Job 1011 Factory overhead control Payroll payable 37 12,235

FINANCIAL ACCOUNTING
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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their time on Job 1011. In addition, Kyle Motus, a part-timer, worked on Job 1010 for P7.50 per hour, spent half of their 40-hour week on Job 1010 and the remainder of entirely Job 1010 during the past week. Eight other who are paid at a wage rate of Twenty workers, pald at a wage rate of P10.50 per hour, worked 40 hours each, 16 hours but was unable to work 4. hours because of the inefficiency of his fellow ir time on Job 1011. In addition, Kyle Motus, a part-timer, worked on Job 1010 for "z hours but was unable to work 4. hours because of the inefficiency of his fellow workers in a prior stage. Kyle earns P9.25 per hour. Salaries for supervisors and maintenance personnel related to Job 1010 and 1011 amounted to P1,250. 11. Assuming that payroll withholdings are ignored and Jobs 1010 and 1011 are the only jobs being performed, what is the entry to record labor cost? a. Work in process inventory- Job 1010 Work in process inventory- Job 1011 Factory overhead control Payroll payable b. Work in process inventory- Job 1010 Work in process inventory- Job 1011 Factory overhead control Payroll payable c. Work in process inventory- Job 1010 Work in process inventory- Job 1011 Factory overhead control Los 10,373 1,825 37 12,235 9,748 1,200 1,287 12,235 9,748 1,200 37 1,250 Раyroll payable 12,235 .10,998 1,200 d. Work in process inventory- Job 1010 Work in process inventory- Job 1011 Factory overhead control Payroll payable 37 12,235
Transcribed Image Text:their time on Job 1011. In addition, Kyle Motus, a part-timer, worked on Job 1010 for P7.50 per hour, spent half of their 40-hour week on Job 1010 and the remainder of entirely Job 1010 during the past week. Eight other who are paid at a wage rate of Twenty workers, pald at a wage rate of P10.50 per hour, worked 40 hours each, 16 hours but was unable to work 4. hours because of the inefficiency of his fellow ir time on Job 1011. In addition, Kyle Motus, a part-timer, worked on Job 1010 for "z hours but was unable to work 4. hours because of the inefficiency of his fellow workers in a prior stage. Kyle earns P9.25 per hour. Salaries for supervisors and maintenance personnel related to Job 1010 and 1011 amounted to P1,250. 11. Assuming that payroll withholdings are ignored and Jobs 1010 and 1011 are the only jobs being performed, what is the entry to record labor cost? a. Work in process inventory- Job 1010 Work in process inventory- Job 1011 Factory overhead control Payroll payable b. Work in process inventory- Job 1010 Work in process inventory- Job 1011 Factory overhead control Payroll payable c. Work in process inventory- Job 1010 Work in process inventory- Job 1011 Factory overhead control Los 10,373 1,825 37 12,235 9,748 1,200 1,287 12,235 9,748 1,200 37 1,250 Раyroll payable 12,235 .10,998 1,200 d. Work in process inventory- Job 1010 Work in process inventory- Job 1011 Factory overhead control Payroll payable 37 12,235
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