Problem 4A rush order was accepted by the Ty-Nee Trailer Company for five trailers. The timetickets and clock cards for the week ended March 27 show the following:Time Tickets- Hour distributionExemptionStatus Hours Earmings #1Trailer Trailer Trailer# 3Previous TrailerTrailer# 4# 5EmployeesCastro# 2all time spent supervising1042P5,60045 7,5006,5006.200ME31010ArdinaBrionesDavid10ME482424482415FajardoTomasME455,9005,8005,2001515ME142248.VillasME402010All employees are paid P40 per hour, except Ardina, who receives P50 per hour. Allovertime premium pay except Ardina's is chargeable to the job and all employees,including Ardina, received time and a half for overtime hours. The previous earningswere not subjected to deductions, such payroll deductions are made on the last payfor the monthRequired1. Calculate the total payroll and total net earnings for the week. Hours not workedon trailers are charged to factory overhead.2. Prepare entries to record, pay, and distribute the payroll.24

Required 1. Calculate the total payroll and total net earnings for the week. Hours not worked on trailers are charged to factory overhead. 2. Prepare entries to record, pay, and distribute the payroll.

Required 1. Calculate the total payroll and total net earnings for the week. Hours not worked on trailers are charged to factory overhead. 2. Prepare entries to record, pay, and distribute the payroll.

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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