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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
What is the answer in number 14 letter d and e?~ ( 14 has the continuation in the second page)
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.
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
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