Question: An analysis of the payroll for the month of November
An analysis of the payroll for the month of November for CinMar Inc. reveals the information shown:
Andrews, Lomax, and Herzog are production workers, and Dimmick is the plant manager. Hendrick is in charge of the office. Cumulative earnings paid (before deductions) in this calendar year prior to the payroll period ending November 8 were as follows: Andrews, $21,200; Lomax, $6,800; Herzog, $11,500; Dimmick, $116,200; and Hendrick, $32,800.
Answer to relevant QuestionsMegerle Custom Cabinet Co. uses the job order cost system. In recording payroll transactions, the following accounts are used: Cash ................ Administrative Salaries Wages Payable ............ Miscellaneous ...David Kelley is considering the implementation of an incentive wage plan to increase productivity in his small manufacturing plant. The plant is nonunion, and employees have been compensated with only an hourly-rate plan. ...Ames Automotive Company has accumulated the following data over a six-month period: Separate the indirect labor into its fixed and variable components, using the high-low method. The cost behavior patterns below are lettered A through H. The vertical axes of the graphs represent total dollars of expense, and the horizontal axes represent production in units, machine hours, or direct labor hours. In ...Hughes Products Inc. uses a job order cost system. Selected transactions dealing with factory items for the month follow: a. Requisitioned indirect materials from storeroom, $3,200. b. Purchased, on account, factory supplies ...
Post your question