5 points Jiminy Cricket Co. has a five-day workweek (Mondaythrough Friday). Employees earn $1,420 per day. If themonth ends on Wednesday, with wages paid on Friday,how much wage expense should be accruedWednesday?a. $1,500b. $1,560c. $2,530d. $1,050e. $4,260on

Explanation of Workweek: A workweek represents the standard number of days that employees work in a…

Answered: Jiminy Cricket Co. has a five-day…

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter7: Employee Earnings And Deductions

Section: Chapter Questions

Problem 3QY: Calculate an employees total earnings if the company pays time-and-a-half when Jill Smith works 41...

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Jiminy Cricket Co. has a five-day workweek (Monday through Friday). Employees earn $1,420 per day. If the month ends on Wednesday, with wages paid on Friday, how much wage expense should be accrued on Wednesday? a. $1,500 b. $1,560 c. $2,530 d. $1,050 e. $4,260need answer
Jiminy Cricket Co. has a five-day workweek (Monday through Friday). Employees earn $1,420 per day. If the month ends on Wednesday, with wages paid on Friday, how much wage expense should be accrued on Wednesday? !??
Jiminy Cricket Co. has a five-day workweek (Monday through Friday). Employees earn $1,420 per day. If the month ends on Wednesday, with wages paid on Friday, how much wage expense should be accrued on Wednesday? Provide Right answer
How much wage expense should be accrued on Wednesday?
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 a.. P 960 b.. P 1,032 P 1,104 P 1,036 С.. d..
Perill Co. has a five-day workweek (Monday through Friday). Employees earn $650 per day. If the month ends on Wednesday, and wages will not be paid until Friday, how much wage expense should be accrued on Wednesday?
The accounting clerk at Tenity Enterprises is paid $10.40 per hour. During a week’s pay period, the employee worked 38 hours and 40 minutes. Based on a hundredth-hour pay method, what is the gross pay for the period? A. $402.54B. $401.81C. $402.13D. $401.75
Zeta Company has 12 workers who each earn $15 per hour and generally work a 40-hour workweek, although at times overtime work is required, for which workers are paid 1.5 times their regular hourly wage. Zeta pays wages in cash on Friday of each week for work performed that week. Zeta's Wages Expense ledger account for May is shown below. Account: Wages Expense Account Number 65 Balance Date Item Post. Ref. Dr. Cr. Dr. Cr. May 5 32 7,200 7,200 May 12 33 9,360 16,560 May 19 35 7,200 23,760 May 26 37 8,010 31,770 May 31 Adjusting 38 4,320 36,090 May 31 Closing 38 36,090 - - During the period May 27 through June 2, Zeta's workers worked a regular 40-hour week. 1. If Zeta Company uses reversing entries, journalize the entry made when payroll is paid in cash on June 2, assuming that appropriate reversing entry(ies) have been made at the beginning of June. You may omit posting references. If an amount box does not require…
Accounting for Labor If emplovees work on a five day work week and are paid every Friday ot week, Using the calendar year method of accounting, determine the of the Pag-ibig Contribution Withholding taxes 30,000 500,000 on Wednesday. a. P16,200 b. Р27,000 The employers' taxes are as follows: Sss Contribution Philhealth Contribution Pag-ibig Contribution c. P10,800 d. P5,400 200,000 30,000 30,000 The total weekly payroll charged to work in process account is: a. P5,100 b. P8,500 c. P16,000 d. P9,600 Total accrued payroll charged to expense account is: a. P8,100 b. P11,000 c. P6,600 d. P18,500 Comead 25% to administrative and 5% to selling expenses. Compute the total amount of payroll to be charged to work in pre It is the total amount earned by the worker a. Net pay b. Gross pay c. Gross earnings less deductions d. Bonus pay 41. account a. P5,000,000 b. P2,500,000 c. P3,500,000 d. P4,340,000 How much is the total factory overhead control account? a. P2,560,000 b. P1,500,000 c.…
How to solve this accounting for labor?
The chief estimator has asked you to determine the average hourly cost for equipnent operators using the information below.. The plan is to work 48 hours per week (8 hours Monday - Saturday). Overtime is paid for over 40 hours at a rate of Tirme and a half. Base Wage - $22.00 per hour Social Security Tax - 7.65% Unermployment Compensation Tax - 2.75% Worker Compensation Insurance $32.00/100 Public liability/Property Damage Insurance $3.10/100 Fringe Benefits $6.25 per hour
A company pays its employees $1,750 each Friday, which amounts to $350 per day for the five-day workweek that begins on Monday. If the monthly accounting period ends on Thursday and the employees worked through Thursday, the amount of salaries earned but unpaid at the end of the accounting period is: Multiple Choice O O O O $1,050. $1,400. $350. $1,750. $700.

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Jiminy Cricket Co. has a five-day workweek (Monday through Friday). Employees earn $1,420 per day. If the month ends on Wednesday, with wages paid on Friday, how much wage expense should be accrued Wednesday? a. $1,500 b. $1,560 c. $2,530 d. $1,050 e. $4,260 on