Irish Corp provides for an incentive scheme for its factory workers which features a combined minimum guarar wage and a piece rate. Each worker is paid P200 per piece with a minimum guaranteed wage of P15,000 per week. Production report the week show: Employee Name Units Produced Irene 70 Aileen 90 Julius 80 Harold 65 What is the amount of the weekly payroll that should be charged to the factory overhead control account? O P4,000 O P60,000 P1,000 O P3,000

Irish Corp provides for an incentive scheme for its factory workers which features a combined minimum guarar wage and a piece rate. Each worker is paid P200 per piece with a minimum guaranteed wage of P15,000 per week. Production report the week show: Employee Name Units Produced Irene 70 Aileen 90 Julius 80 Harold 65 What is the amount of the weekly payroll that should be charged to the factory overhead control account? O P4,000 O P60,000 P1,000 O P3,000

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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Question

Irish Corp provides for an incentive scheme for its factory workers which features a combined minimum guarar
wage and a piece rate.
Each worker is paid P200 per piece with a minimum guaranteed wage of P15,000 per week. Production report
the week show:
Employee Name
Units Produced
Irene
70
Aileen
90
Julius
80
Harold
65
What is the amount of the weekly payroll that should be charged to the factory overhead control account?
O P4,000
O P60,000
O P1,000
O P3,000

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