Irish Corp provides for an incentive scheme for its factory workers which features a combined minimum guararwage and a piece rate.Each worker is paid P200 per piece with a minimum guaranteed wage of P15,000 per week. Production reportthe week show:Employee NameUnits ProducedIrene70Aileen90Julius80Harold65What is the amount of the weekly payroll that should be charged to work in process account?O P60,000O P64,000P63,000O P61,000 Irish Corp provides for an incentive scheme for its factory workers which features a combined minimum guararwage and a piece rate.Each worker is paid P200 per piece with a minimum guaranteed wage of P15,000 per week. Production reportthe week show:Employee NameUnits ProducedIrene70Aileen90Julius80Harold65The total payroll for the week would beO P64,000O P63,000O P60,000O P61,000

Payroll is the term which is defined as the amount which the employees get from the employer during…

Answered: vage and a piece rate. ach worker is…

vage and a piece rate. ach worker is paid P200 per piece with a minimum guaranteed wage of P15,000 per week. Pro ne week show: Employee Name Units Produced Irene 70 Aileen 90 Julius 80 Harold 65

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter3: Accounting For Labor

Section: Chapter Questions

Problem 4E: Peggy Nolan earns 20 per hour for up to 300 units of production per day. If she produces more than...

See similar textbooks

Similar questions

Peggy Nolan earns 20 per hour for up to 300 units of production per day. If she produces more than 300 units per day, she will receive an additional piece rate of .5333 per unit. Assume that her hours worked and pieces finished for the week just ended were as follows: a. Determine Nolans earnings for each day and for the week. (Round piece-rate computations to the nearest whole dollar.) b. Prepare the journal entry to distribute the payroll, assuming that any make-up guarantees are charged to Factory Overhead.
R. Herbert of Crestview Manufacturing Co. is paid at the rate of 20 an hour for an eight-hour day, with time-and-a-half for overtime and double-time for Sundays and holidays. Regular employment is on the basis of 40 hours a week, five days a week. At the end of a week, the labor time record shows the following: Because jobs are randomly scheduled for the overtime period, any overtime premium is charged to Factory Overhead. a. Compute Herberts total earnings for the week. b. Present the journal entry to distribute Herberts total earnings. (Note: These single journal entries here and in E3-2, E3-3, E3-4, E3-8 and E3-9 are for the purpose of illustrating the principle involved. Normally, the entries would be made for the total factory payroll plus the administrative and sales payroll.)
Bruce Eaton is paid 10 cents per unit under the piece-rate system. During one week, Eaton worked 46 hours and produced 5,520 units. Compute the following: 1. The piecework earnings ________ 2. The regular hourly rate ________ 3. The overtime hourly rate ________ 4. The overtime earnings ________ 5. The total earnings ________
Irish Corp provides for an incentive scheme for its factory workers which features a combined minimum guarar wage and a piece rate. Each worker is paid P200 per piece with a minimum guaranteed wage of P15,000 per week. Production report the week show: Employee Name Units Produced Irene 70 Aileen 90 Julius 80 Harold 65 What is the amount of the weekly payroll that should be charged to the factory overhead control account? O P4,000 O P60,000 O P1,000 O P3,000
please help me to solve this
Please provide a solution in good accounting form
Ronald Factory provides for an incentives scheme for its factory workers which features a combined minimum guaranteed wage of 875 per week and a piece rate of 11.25. Production report for the week show. Employee Units Produced R 67 O 78 L 80 A 82 N 72 D 75 The portion of the weekly payroll that should be charged to factory overhead is?
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 PI1.25. Production report for the week show. Employee R Units produced 67 78 L 80 A 82 N 72 D 75 The portion of the weekly payroll that should be charged to factory overhead is a. P5,325.00 b. P5,275.00 c. P5,217.50 d. P 217.50
What is the amount to be charged to Manufacturing Overhead Control account? Four factory workers and a supervisor make a team in the Machining Department. The supervisor earns P100 per hour, and the combined hourly charge of the four workers is P320. Each employee is entitled to a 2-week paid vacation and a bonus equal to 4 week's wages each year. Vacation pay and bonuses are treated as indirect costs and are accrued over the 50 week work year. A provision in the union contract does not allow these employees to work in excess of 40 hours per week.
19.Gibs Factory provides for an incentive scheme for its factory workers which features a combined minimum guaranteed wage of P857 per week and piece rate of P11.25. Using the weekly production report below, determine the portion of the weekly payroll that should be charged to factory overhead *
How much is charge to direct labor?
A worker takes 13 hours to complete a work on daily wages and 8 hours on a scheme of þayment by resuits. The worker's day rate is P90 per hour. The cost of material of the product is P300 and the overheads are recovered at 200% of the total wages. The company has an incentive plan of giving bonus for the time saved in a certain job. Bonus is computed as time saved over time allowed to complete the job multiplied by the time taken by the worker multiplied by the rate per hour. Mr. X completed the job within 8 hours including a 30-minute idle time. How much is the wage of Mr. X? Jomari Corporation's factory workers Incentive scheme which features a combined piece rate P11.25 and a minimum wage guaranteed wage of P875 per week. Production report for the week show Employees Units produced 67 78 80 A 82 R 72 75 How much portion of the weekly payroll should be charge to factory overhead?