Rio Company pays time and a half for hour in excess of 40 hours per week. An individual is paid P75.00 per hour and worked 44 hours a week. Compute for the weekly earnings of the employee. Based on the above, assume further that the employer contribution to SSS, Philhealth, and Pag-ibig amount to P1,200 for the week, and that any overtime work is not required, how much is the total earnings that should be charged to (A) Work in Process and (B) Manufacturing Overhead Control account? Roundoff to the nearest hundredths
Rio Company pays time and a half for hour in excess of 40 hours per week. An individual is paid P75.00 per hour and worked 44 hours a week. Compute for the weekly earnings of the employee. Based on the above, assume further that the employer contribution to SSS, Philhealth, and Pag-ibig amount to P1,200 for the week, and that any overtime work is not required, how much is the total earnings that should be charged to (A) Work in Process and (B) Manufacturing Overhead Control account? Roundoff to the nearest hundredths
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Rio Company pays time and a half for hour in excess of 40 hours per week. An individual is paid P75.00 per hour and
worked 44 hours a week. Compute for the weekly earnings of the employee.
Based on the above, assume further that the employer contribution to SSS, Philhealth, and Pag-ibig amount to P1,200 for
the week, and that any overtime work is not required, how much is the total earnings that should be charged to (A) Work in
Process and (B) Manufacturing
Roundoff to the nearest hundredths
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