Ronald Factory provides for an incentive scheme for its factory workers which features a combined minimum guaranteed wage of P875 per week and piece rate of P11.25. Production report for the week show. Employee Units produced R 67 78 80 A 82 72 75 14. The portion of the weekly payroll that should be charged to factory overhead is a. P5,325.00 PS 275 00 ZA

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

PLS ANSWER AND SHOW SOLUTION PO

Ronald Factory provides for an incentive scheme for its factory workers which
features a combined minimum guaranteed wage of P875 per week and piece rate of
P11.25. Production report for the week show.
Employee
Units produced
R
67
78
L
80
A
82
72
D
75
14. The portion of the weekly payroll that should be charged to factory overhead is
a. P5,325.00
b.
PS,275.00
с. Р5,217.50
d. P 217.50
Transcribed Image Text:Ronald Factory provides for an incentive scheme for its factory workers which features a combined minimum guaranteed wage of P875 per week and piece rate of P11.25. Production report for the week show. Employee Units produced R 67 78 L 80 A 82 72 D 75 14. The portion of the weekly payroll that should be charged to factory overhead is a. P5,325.00 b. PS,275.00 с. Р5,217.50 d. P 217.50
Litton Mfg. Co. pays their employees on a combined minimum rate and piecework
rate plan. The minimum guaranteed daily wage is P420. Any employee who
produces more than 10 shirts receives a bonus.
15 If Mr. Unson produced 14 shirts, what amount should be charged to factory
overhead control?.
а..
b. Р 88
C. P 268
d.. P 168
Transcribed Image Text:Litton Mfg. Co. pays their employees on a combined minimum rate and piecework rate plan. The minimum guaranteed daily wage is P420. Any employee who produces more than 10 shirts receives a bonus. 15 If Mr. Unson produced 14 shirts, what amount should be charged to factory overhead control?. а.. b. Р 88 C. P 268 d.. P 168
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Capital Budgeting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education