Peter Senen Corp has the following data for the fourth week of March: Hours Worked Employee Name Hourly Rate Sunday Monday Tuesday Wednesday Thursday Friday Saturday Total Kris $900 6 8 8 8 8 8 8 54 Bryan $950 0 8 7 10 9 7 8 49 Rose $750 1 8 9 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. Required: Compute the gross earnings of each employee.

Peter Senen Corp has the following data for the fourth week of March: Hours Worked Employee Name Hourly Rate Sunday Monday Tuesday Wednesday Thursday Friday Saturday Total Kris $900 6 8 8 8 8 8 8 54 Bryan $950 0 8 7 10 9 7 8 49 Rose $750 1 8 9 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. Required: Compute the gross earnings of each employee.

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter3: Accounting For Labor

Section: Chapter Questions

Problem 10E: The total wages and salaries earned by all employees of Langen Electronics, Ltd. during March, as...

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3. Richard Corp has the following data for the third week of December: Employee Name Worked Classification Hours Rate per hour A. Kuhol Laborer 45 50 B. Aileen Office Secretary 46 45 C. Jose Laborer 50 52 D. Jay Factory Supervisor 55 48 E. Richmond Sales agent 52 60 F. Edward Laborer 48 45 The following are to be deducted to the gross earnings of employees: Witholding taxes SSS contributions 5% 3% Philhealth 1% Pag-ibig 1% Richard Corp paid its employees one and half times the regular rate for hours worked in excess of 40 hours. How much is the gross payroll?
Peter Senen Corp has the following data for the fourth week of March Hours Worked Employee Name Hourly Rate Sunday Monday Tuesday Wednesday Thursday Friday Saturday Total Kris $900 6 8 8 8 8 8 8 54 Bryan $950 - 8 7 10 9 7 8 49 Rose $750 1 8 9 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. a. What is the gross earnings for the week?
4. Richard Corp has the following data for the third week of December: Employee Name Worked Classification Hours Rate per hour G. Kuhol Laborer 45 50 H. Aileen Office Secretary 46 45 I. Jose Laborer 50 52 J. Jay K. Richmond Factory Supervisor Sales agent 55 48 52 60 L. Edward Laborer 48 45 The following are to be deducted to the gross earnings of employees: Witholding taxes SSS contributions 5% 3% Philhealth 1% Pag-ibig 1% Richard Corp paid its employees one and half times the regular rate for hours worked in excess of 40 hours. The amount charged to Work in Process account is how much?
2. Richard Corp has the following data for the third week of December: Employee Name Classification Hours Worked Rate per hour A. Kubel Laborer 45 50 B. Aileen Office Secretary 46 45 C. Jose Laborer 50 52 D. Jay Factory Supervisor 55 48 E. Richmond Sales agent 52 60 F. Edward Laborer 48 45 The following are to be deducted to the gross earnings of employees: Witholding taxes 5% ssS contributions 3% Pbilhsalth Pag-ibig 1% 1% Richard Corp paid its employees one and half times the regular rate for hours worked in excess of 40 -----. hours. Required: Prepare Journal Entries to record A. Payroll B. Labor distribution
How many weeks of insurable earnings are required to be reported in Block 15C for employers with a weekly pay frequency issuing paper Records of Employment? Select one: 12 24 27 53 k Time left 2:01:32 Next page
The cost accountant of Al Reem Manufacturing SAOG has computed employee turnover rates for the quarter ended 31st March, 2021 as 9%, 7% and 4% respectively under ‘Flux method’, ‘Replacement method’ and ‘Separation method’ respectively. If the number of workers replaced during that quarter is 60, find out the average number of workers for the quarter. a. 1,142 b. 857 c. 571 d. 1,000
Richard Corp has the following data for the third week of December: Employee Name Classification Hours Worked Rate per hour Kuhol Laborer 45 50 Aileen Office Secretary 46 45 Jose Laborer 50 52 Jay Factory Supervisor 55 48 Richmond Sales agent 52 60 Edward Laborer 48 45 The following are to be deducted to the gross earnings of employees: Witholding taxes 5% SSS contributions 3% Philhealth 1% Pag-ibig…
Jerri's Mason Supply Company has four employees who are paid on a weekly basis receiving time and a half for working more than 40 hours in any one week. The payroll data for the week ended December 10 is as follows: Name # ofAllowances MaritalStatus TotalHours Rate CumulativeEarnings B. Russo 0 S 44 $ 8.00 $ 8,300 P. Higgins 1 M 46 28.00 52,176 S. Minsky 2 M 40 9.00 18,560 A. Mendez 4 M 40 34.00 86,000 Social Security tax is withheld at 6.2% and Medicare tax at 1.45%. Each employee that is single has $40 withheld for health insurance and each that is married has $70 withheld. Higgins has $25 withheld for United Way. Number the checks beginning with 803.
Carla Vista Company has the following data for the weekly payroll ending May 31: Hours Worked Employee M Tu W Th F S HourlyRate CPPDeduction Income TaxWithheld HealthInsurance A. Kassam 12 7 8 7 7 5 $16 $35.48 $93.70 $8 H. Faas 9 9 8 8 8 6 11 24.98 72.15 15 G. Labute 12 9 6 10 10 0 16 36.66 108.65 12 Employees are paid 1.5 times the regular hourly rate for all hours worked over 40 hours per week. Carla Vista Company must make payments to the workers’ compensation plan equal to 2% of the gross payroll. In addition, Carla Vista matches the employees’ health insurance contributions and accrues vacation pay at a rate of 4%. Prepare the payroll register for the weekly payroll. Calculate each employee’s EI deduction at a rate of 1.66% of gross pay Record the payroll and Carla Vista Company’s employee benefits
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
Richard Corp has the following data for the third week of December: Employee Name Classification Hours Worked Rate per hour Kuhl Laborer 45 ₱50 Aileen Office Secretary 46 ₱45 Jose Laborer 50 ₱52 Jay Factory Supervisor 55 ₱48 Richmond Sales Agent 52 ₱60 Edward Laborer 48 ₱45 The following are to be deducted from the gross earnings of employees: Withholding Taxes - 5% Social Security System Contributions - 3% Philippine Health Insurance - 1% Home Development Mutual Fund - 1% Richard Corp paid its employees one and half times the regular rate for hours worked in excess of 40 hours. Required: Compute the following: A. How much is the amount charged to the Work in Process account? B. How much is the amount charged to Manufacturing Overhead? C. What is the total amount charged to Selling and Administrative expenses?
Dish Pan Company has 4 employees. Information about the third week in November payroll follows:NameHours WorkedPay RateFederal IncomeTax WithheldAnnual EarningsPrior to this checkRichards, B.40$75 per hour$300$138,000Matthews, M.42$80 per hour$320$140,000Ramon, C.44$82 per hour$355$0Wong, S.46$90 per hour$372$151,000Additional information is as follows:The state income tax rate is 4%. Employees' federal income tax withholdings depend on various factors, and the amounts are as indicated in the above table.Overtime is paid at 150% (time and a half) of the normal hourly rate.Assume that gross pay is subject to social security taxes at a 6.5% rate, on an annual base of $142,800. Assume that Medicare/Medicaid taxes are 1.45% of gross earnings. These taxes are matched by the employer. Dish Pan has 100% participation in a $10 per paycheck employee charitable contribution program. These contributions are withheld from weekly pay.Dish Pan's payroll is subject to federal (0.6%) and state…

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Principles of Cost Accounting

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ISBN:

9781305087408

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		Hours Worked
Employee Name	Hourly Rate	Sunday	Monday	Tuesday	Wednesday	Thursday	Friday	Saturday	Total
Kris	$900	6	8	8	8	8	8	8	54
Bryan	$950	0	8	7	10	9	7	8	49
Rose	$750	1	8	9	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