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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Problem 4
A rush order was accepted by the Ty-Nee Trailer Company for five trailers. The time
tickets and clock cards for the week ended March 27 show the following:
Time Tickets- Hour distribution
Exemption
Status Hours Earmings #1
Trailer Trailer Trailer
# 3
Previous Trailer
Trailer
# 4
# 5
Employees
Castro
# 2
all time spent supervising
10
42
P5,600
45 7,500
6,500
6.200
ME3
10
10
Ardina
Briones
David
10
ME
48
24
24
48
24
15
Fajardo
Tomas
ME
45
5,900
5,800
5,200
15
15
ME1
42
24
8.
Villas
ME
40
20
10
All employees are paid P40 per hour, except Ardina, who receives P50 per hour. All
overtime 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 earnings
were not subjected to deductions, such payroll deductions are made on the last pay
for the month
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.
24](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F68dd6f9c-4ddc-4b28-bb7f-d062edd2d02c%2Fad868d93-9c86-44f8-be71-956548205db6%2Fe6fp4tf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Problem 4
A rush order was accepted by the Ty-Nee Trailer Company for five trailers. The time
tickets and clock cards for the week ended March 27 show the following:
Time Tickets- Hour distribution
Exemption
Status Hours Earmings #1
Trailer Trailer Trailer
# 3
Previous Trailer
Trailer
# 4
# 5
Employees
Castro
# 2
all time spent supervising
10
42
P5,600
45 7,500
6,500
6.200
ME3
10
10
Ardina
Briones
David
10
ME
48
24
24
48
24
15
Fajardo
Tomas
ME
45
5,900
5,800
5,200
15
15
ME1
42
24
8.
Villas
ME
40
20
10
All employees are paid P40 per hour, except Ardina, who receives P50 per hour. All
overtime 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 earnings
were not subjected to deductions, such payroll deductions are made on the last pay
for the month
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.
24
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