Western Industries pays employees on a weekly basis on Tuesday for the week ended the previous Friday. Employees compensation is earned evenly each day over a 5-day work week. This year, April 30 fell on Thursday. Payroll costs for the week ended May 1 follow: Non Factory: Sales $ 5,000 Administrative 10.000 $15,000 Factory: Direct labor $25,000 2, 500 Overtime premium Indirect labor 15.000 $42.500 $57.500 Excluding payroll taxes, how much of the accrued payroll at April 30 should be charged to Factory Overhead?

Western Industries pays employees on a weekly basis on Tuesday for the week ended the previous Friday. Employees compensation is earned evenly each day over a 5-day work week. This year, April 30 fell on Thursday. Payroll costs for the week ended May 1 follow: Non Factory: Sales $ 5,000 Administrative 10.000 $15,000 Factory: Direct labor $25,000 2, 500 Overtime premium Indirect labor 15.000 $42.500 $57.500 Excluding payroll taxes, how much of the accrued payroll at April 30 should be charged to Factory Overhead?

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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