Chapter 9 Accounting for Labor 271 Twenty workers, paid at a wage rate of P10.50 per hour, worked 40 hours each, entirely Job 1010 during the past week. Eight other who are paid at a wage rate of P7.50 per hour, spent half of their 40-hour week on Job 1010 and the remainder of their time on Job 1011. In addition, Kyle Motus, a part-timer, worked on Job 1010 for 16 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 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 d. Work in process inventory- Job 1010 Work in process inventory- Job 1011 Factory overhead control Payroll payable 12,235 10,998 1,200 37 12,235
Chapter 9 Accounting for Labor 271 Twenty workers, paid at a wage rate of P10.50 per hour, worked 40 hours each, entirely Job 1010 during the past week. Eight other who are paid at a wage rate of P7.50 per hour, spent half of their 40-hour week on Job 1010 and the remainder of their time on Job 1011. In addition, Kyle Motus, a part-timer, worked on Job 1010 for 16 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 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 d. Work in process inventory- Job 1010 Work in process inventory- Job 1011 Factory overhead control Payroll payable 12,235 10,998 1,200 37 12,235
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Chapter 9 Accounting for Labor
271
Twenty workers, paid at a wage rate of P10.50 per hour, worked 40 hours each,
entirely Job 1010 during the past week. Eight other who are paid at a wage rate of
P7.50 per hour, spent half of their 40-hour week on Job 1010 and the remainder of
their time on Job 1011. In addition, Kyle Motus, a part-timer, worked on Job 1010 for
16 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
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
d. Work in process inventory- Job 1010
Work in process inventory- Job 1011
Factory overhead control
Раyroll payable
12,235
10,998
1,200
37
12,235
F & B Company pays time and a half for hours in excess of 40 hours per week. An
individual is paid P24,00 per hour and worked 44 hours a week.
12.. The weekly earnings of the employee will amount to
P 960
P 1,032
P 1,104
d.. P 1,036
a..
b..
С..
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