Assuming overtime was the result of random scheduling of jobs, the entry to distribute payroll would include: A credit to Wages Payable for P114,800. A debit to Factory Overhead for P35,000. A debit to Payroll for P132,000. A debit to Work in Process for P85,000
Assuming overtime was the result of random scheduling of jobs, the entry to distribute payroll would include: A credit to Wages Payable for P114,800. A debit to Factory Overhead for P35,000. A debit to Payroll for P132,000. A debit to Work in Process for P85,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1 point
Daktari Enterprises' Schedule of Earnings and Payroll Taxes for April is as follows:
SS
Total
Pag-ibig
1%
Gross
Earnings
8%
4%
Taxes
Non-Factory Employees:
Sales
P 800
560
1.360
P 100
_70
170
P 400
280
_ 680
P1,300
P 10,000
1,000
17,000
910
2,210
Administrative
Factory Employees:
Direct Labor:
Regular
80,000
5,000
30.000
115.000
P132,000
6,400
800
3,200
10,400
Overtime Premium
400
50
200
650
Indirect Labor
2.400
9.200
P10.560
300
1.150
P1.320
1.200
4,600
PS.280
3,900
14,950
P1Z,160
Total
Assuming overtime was the result of random scheduling of jobs, the entry to distribute payroll would include:
A credit to Wages Payable for P114,800.
A debit to Factory Overhead for P35,000.
A debit to Payroll for P132,000.
A debit to Work in Process for P85,000
DE
0000"
Transcribed Image Text:1
1 point
Daktari Enterprises' Schedule of Earnings and Payroll Taxes for April is as follows:
SS
Total
Pag-ibig
1%
Gross
Earnings
8%
4%
Taxes
Non-Factory Employees:
Sales
P 800
560
1.360
P 100
_70
170
P 400
280
_ 680
P1,300
P 10,000
1,000
17,000
910
2,210
Administrative
Factory Employees:
Direct Labor:
Regular
80,000
5,000
30.000
115.000
P132,000
6,400
800
3,200
10,400
Overtime Premium
400
50
200
650
Indirect Labor
2.400
9.200
P10.560
300
1.150
P1.320
1.200
4,600
PS.280
3,900
14,950
P1Z,160
Total
Assuming overtime was the result of random scheduling of jobs, the entry to distribute payroll would include:
A credit to Wages Payable for P114,800.
A debit to Factory Overhead for P35,000.
A debit to Payroll for P132,000.
A debit to Work in Process for P85,000
DE
0000
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