Kline Manufacturing has the following labor costs: Factory-Gross wages Factory-Net wages Employer Payroll Taxes Payable The entry to record the cost of factory labor and the associated payroll tax expense will include a debit to Factory Labor for O $470,000. O $450,000. O $550,000. $500,000 420,000 50,000 $500,000.
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- unland Company has the following labor costs: Factory—Gross wages $540000 Factory—Net wages 440000 Employer Payroll Taxes Payable 54000 The amount recorded as an increase to Factory Labor will be $540000. $594000. $486000. $494000.Kline Manufacturing has the following labor costs. Factory - Gross wages = $195,000 Factory - Net wages = $160,000 Employer Payroll Taxes Payable = $25,000 The entry to record the cost of factory labor and the associated payroll tax expense will include a debit to Factory Labor for what amount?Swifty Corporation has the following labor costs: Factory-Gross wages Factory-Net wages Employer Payroll Taxes Payable $580000 O $638000. O $580000. $528000. $522000. 470000 58000 The entry to record the cost of factory labor and the associated payroll tax expense will include a debit to Factory Labor for
- Kline Manufacturing has the following labor costs: Factory-Gross wages $500,000 Factory-Net wages 420,000 Employer Payroll Taxes Payable The entry to record the cost of factory labor and the associated payroll tax expense will include a debit to Factory Labor for 50,000Sundland Company has the following labor costs: Factory-Gross wages 540000, Factory-Net wages 440000, Employer Payrol Taxes Payable 54000. The entry to record the cost of factory labor and the associated payroll tax expense will include a debit to Factory Labor for?Buckhorn Company's accounting records noted the following amounts for company payroll costs. What amount of payroll would be categorized as a period cost? Payroll Costs: Marketing director salary Factory manager salary Commissions paid to sales staff Administrative personnel wages Wages of production workers Multiple Choice C $302,000 $327,000 $615,000 $376,000 $164,000 $99,000 $74,000 $64,000 $214,000
- should be produced by an employee if his gross pay is OMR 1,200.6 and the piece rate basis in his company is OMR 13.800 per unit. a. 92 Units b. 67 Units C. 87 Units d. 94 Unitsactory Labor S98,000, a credit to Employer Payroll Taxes Payable $3,000 and a credit to Factory Wages Payable $95,000 None of the above Time tickets indicated 900 labor hours in the production of Job .115, out of which 600 were direct labor hours. The company pays $8 per each labor hour. The entry to record this transaction is: * A debit to Work in Process Inventory $4,800, a debit to manufacturing overhead $2,400, and a credit to Factory Labor $7,200 O A debit to Work in Process Inventory $7,200 and a credit to Factory Labor $7,200 A debit to Factory Labor $4,800, a debit to manufacturing overhead $2.400, and a credit to Work in Process Inventory $7,200 None of the aboved. P 692, Ronald Factory provides for an incentive scheme for its factory workers which features a combined minimum guaranteed wage of P875 per week and piece rate of P11.25. Production report for the week show. Employee R. Units produced 67 78 80 82 72 75 14. The portion of the weekly payroll that should be charged to factory overhead is а. P5,325.00 b. P5,275.00 с. Р5,217.50 d. P 217.50 LAND
- Regarding the labor costs, one company shown the following annual data per employee: Gross Annual Salary: "National social security" paid by the employee: "National social security" paid by the company: € 16,800 Income Tax: 5% Attendance 24% time: Idle time: 8% 1,750 hours 2% Page 11/13 Chapter 3: Materials & Labour. Exercises According with the data given, read the sentences below and write True (T) or False (F) in the space provided. (Inside the question, each incorrect answer cancels out each correct one) (Please show you the mathematical process done) The hourly rate is 15.86 € per hour. If the idle time was 4%, the hourly rate would be 12.8 € per hour. The total amount of annual labour cost is € 18,984. The annual productive time is 1,715 hours. The 24% "National Social Security" paid by the company is subtracted from Gross Annual Salary.K Rios Corporation reports costs for the year as follows: Direct Materials Used Wages to Line Workers Office Rent Indirect Materials Used How much is the total product costs for the year? A. $605,000 OB. $1,155,000 OC. $550,000 OD. $1,199,500 $430,000 120,000 44,500 605,000Robin Company has the following balances for the current month $24,000 $36,800 $19,200 $ 1,800 $ 9,600 $14,400 $ 6,400 Direct aterials osed Direct labor Sales salaries Indirect labor Prodaction manager's salary Marketing costs Pactory lease Whatls Robin'stolal manufacturing cost? Mutle Choice 0 $15.200 $81,600 $33.500