V Častro is a factory worker with an hourly rate of P150. During the last week of September, he clocked in 48 regular hours and 2 overtime hours. Over- time is paid at 125%or regular rate. He spent 1.5 hours waiting for materials and the rest were spent on job orders. For the first 3 weeks of September, he earned a total of P20,000. a. From his earnings this week, how much is direct labor? b. Compute for the net take home pay of V Castro. c. Compute for the employee's gross earnings for the week.

V Častro is a factory worker with an hourly rate of P150. During the last week of September, he clocked in 48 regular hours and 2 overtime hours. Over- time is paid at 125%or regular rate. He spent 1.5 hours waiting for materials and the rest were spent on job orders. For the first 3 weeks of September, he earned a total of P20,000. a. From his earnings this week, how much is direct labor? b. Compute for the net take home pay of V Castro. c. Compute for the employee's gross earnings for the week.

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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