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PAg-ibig 10,000 Witholding taxes 100,000 The employer share of mandatory deductions are as follows: Sss Contribution P40,000 Philhealth 10,000 10,000 Pag-ibig The company distributes its total payroll as follows: 50% to direct labor; 20% to indirect labor; 25% to administrative and 5% to sales salary. The company also apportions employer's contribution as follows: 70% to factory overhead; 25% to administrative and 5% to selling expenses. Determine the following: A. total accrued payroll. B. the amount charged to Worked in Process account. C. the amount charged to Factory Overhead.

PAg-ibig 10,000 Witholding taxes 100,000 The employer share of mandatory deductions are as follows: Sss Contribution P40,000 Philhealth 10,000 10,000 Pag-ibig The company distributes its total payroll as follows: 50% to direct labor; 20% to indirect labor; 25% to administrative and 5% to sales salary. The company also apportions employer's contribution as follows: 70% to factory overhead; 25% to administrative and 5% to selling expenses. Determine the following: A. total accrued payroll. B. the amount charged to Worked in Process account. C. the amount charged to Factory Overhead.

FINANCIAL ACCOUNTING
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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What is the answer in number 14?~ ( the continuation of the question is in the second page)
If the overtime premium is not charged to specific jobs, How much is the amount charged to Factory overhead? 1. 9. Peter Senen Corp has the following data for the fourth week of March Hours Worked Employee Name Hourly Rate Sun Mon Tue Wed Thurs Fri Sat Total Kris 900 6. 8 8 8 8 8 8 54 Bryan 950 8. 7 10 9 7 8 49 - Rose 750 1 8 8 10 9 8 53 Tess 900 5 8 10 8 8 9 8 56 Jose 1,000 9 8 8 6 7 10 8 56 The rate for hours in excess of 40 is one and half times the regular rate. The rate for hours worked on Sunday is twice the regular rate. What is the gross earnings for the week? 10. Senen, a factory laborer earns P18,000 per month, and the company pays one month salary as a bonus at the end of the year. Senen is entitled to a half month paid vacation leave. The company also pays P4,000 a year into a pension fund of the worker. All fringe benefits of factory laborer are charged to the factory overhead control account. The fringe benefits are charged to production during the 11 1/2 months the employee is at work. What is the estimated liability for fringe benefits? 11. Senen, a factory laborer earns P18,000 per month, and the company pays one month salary as a bonus at the end of the year. Senen is entitled to a half month paid vacation leave. The company also pays P4,000 a year into a pension fund of the worker. All fringe benefits of factory laborer are charged to the factory overhead control account. The fringe benefits are charged to production during the 11 1/2 months the employee is at work. Determine the gross payroll. 12. Senen, a factory laborer earns P18,000 per month, and the company pays one month salary as a bonus at the end of the year. Senen is entitled to a half month paid vacation leave. The company also pays P4,000 a year into a pension fund of the worker. All fringe benefits of factory laborer are charged to the factory overhead control account. The fringe benefits are charged to production during the 11 1/2 months the employee is at work. What is the amount charged to Worked in Process account? 13. Senen, a factory laborer earns P18,000 per month, and the company pays one month salary as a bonus at the end of the year. Senen is entitled to a half month paid vacation lea pays P4,000 a year into a pension fund of the worker. All fringe benefits of factory laborer are charged to the factory overhead control account. The fringe benefits are charged to production during the 11 1/2 months the employee is at work. ve. The company also What is the amount charged to Factory Overhead? 14. Ethel Corp. Has the following data for the month of March 2021: Gross Payroll Employee's deductions: SSS Contribution P1,000,000 P20,000 10,000 Philhealth
Transcribed Image Text:If the overtime premium is not charged to specific jobs, How much is the amount charged to Factory overhead? 1. 9. Peter Senen Corp has the following data for the fourth week of March Hours Worked Employee Name Hourly Rate Sun Mon Tue Wed Thurs Fri Sat Total Kris 900 6. 8 8 8 8 8 8 54 Bryan 950 8. 7 10 9 7 8 49 - Rose 750 1 8 8 10 9 8 53 Tess 900 5 8 10 8 8 9 8 56 Jose 1,000 9 8 8 6 7 10 8 56 The rate for hours in excess of 40 is one and half times the regular rate. The rate for hours worked on Sunday is twice the regular rate. What is the gross earnings for the week? 10. Senen, a factory laborer earns P18,000 per month, and the company pays one month salary as a bonus at the end of the year. Senen is entitled to a half month paid vacation leave. The company also pays P4,000 a year into a pension fund of the worker. All fringe benefits of factory laborer are charged to the factory overhead control account. The fringe benefits are charged to production during the 11 1/2 months the employee is at work. What is the estimated liability for fringe benefits? 11. Senen, a factory laborer earns P18,000 per month, and the company pays one month salary as a bonus at the end of the year. Senen is entitled to a half month paid vacation leave. The company also pays P4,000 a year into a pension fund of the worker. All fringe benefits of factory laborer are charged to the factory overhead control account. The fringe benefits are charged to production during the 11 1/2 months the employee is at work. Determine the gross payroll. 12. Senen, a factory laborer earns P18,000 per month, and the company pays one month salary as a bonus at the end of the year. Senen is entitled to a half month paid vacation leave. The company also pays P4,000 a year into a pension fund of the worker. All fringe benefits of factory laborer are charged to the factory overhead control account. The fringe benefits are charged to production during the 11 1/2 months the employee is at work. What is the amount charged to Worked in Process account? 13. Senen, a factory laborer earns P18,000 per month, and the company pays one month salary as a bonus at the end of the year. Senen is entitled to a half month paid vacation lea pays P4,000 a year into a pension fund of the worker. All fringe benefits of factory laborer are charged to the factory overhead control account. The fringe benefits are charged to production during the 11 1/2 months the employee is at work. ve. The company also What is the amount charged to Factory Overhead? 14. Ethel Corp. Has the following data for the month of March 2021: Gross Payroll Employee's deductions: SSS Contribution P1,000,000 P20,000 10,000 Philhealth
PAg-ibig Witholding taxes 10,000 100,000 The employer share of mandatory deductions are as follows: SsS Contribution P40,000 Philhealth 10,000 10,000 Pag-ibig The company distributes its total payroll as follows: 50% to direct labor: 20% to indirect labor: 25% to administrative and 5% to sales salary. The company also apportions employer's contribution as follows: 70% to factory overhead; 25% to administrative and 5% to selling expenses. Determine the following: A. total accrued payroll. B. the amount charged to Worked in Process account. C. the amount charged to Factory Overhead. D. the employer's share charged to Factory Overhead. E. the employer's share charged to Selling and Administrative Expenses 15. The following are data available for the month of September 2021 of Saint James Corp. Gross Earnings P8,500,000 Deductions: SSS Contribution Philhealth 425,000 85,000 Pag-ibig Witholding taxes 85,000 2,125,000 Determine the following: A. Accrued payroll B. Amount charged to Worked in Process account 16. The following data of JYD Corp. Workers idle time are as follows: Normal Idle Time Abnormal Idle time Wage Rate/hr. Mr. Gom, Factory Supervisor Mr. Bur, Factory laborer 6 hrs 8 hrs 8 hrs 2 hrs P400 2 hrs 250 Mr. Za, Factory laborer 2 hrs. 250 Prepare the journal entry to record the idle time of the three workers.
Transcribed Image Text:PAg-ibig Witholding taxes 10,000 100,000 The employer share of mandatory deductions are as follows: SsS Contribution P40,000 Philhealth 10,000 10,000 Pag-ibig The company distributes its total payroll as follows: 50% to direct labor: 20% to indirect labor: 25% to administrative and 5% to sales salary. The company also apportions employer's contribution as follows: 70% to factory overhead; 25% to administrative and 5% to selling expenses. Determine the following: A. total accrued payroll. B. the amount charged to Worked in Process account. C. the amount charged to Factory Overhead. D. the employer's share charged to Factory Overhead. E. the employer's share charged to Selling and Administrative Expenses 15. The following are data available for the month of September 2021 of Saint James Corp. Gross Earnings P8,500,000 Deductions: SSS Contribution Philhealth 425,000 85,000 Pag-ibig Witholding taxes 85,000 2,125,000 Determine the following: A. Accrued payroll B. Amount charged to Worked in Process account 16. The following data of JYD Corp. Workers idle time are as follows: Normal Idle Time Abnormal Idle time Wage Rate/hr. Mr. Gom, Factory Supervisor Mr. Bur, Factory laborer 6 hrs 8 hrs 8 hrs 2 hrs P400 2 hrs 250 Mr. Za, Factory laborer 2 hrs. 250 Prepare the journal entry to record the idle time of the three workers.
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