CORONA Company recently adopted an incentive plan. Factory workers are paid P7.50 per unit with a guaranteed
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Question:
CORONA Company recently adopted an incentive plan. Factory workers are paid P7.50 per unit with a guaranteed minimum wage of P2,000 per week. Following is a report on employees' productivity for the week June 5, 2020. All employees worked the full 40-hour week.
Weekly Summary
Employee's Name - Units produced
CJ, Alvarez - 240
AC, Briones - 286
LJ, Corpuz - 275
FP, Diaz - 240
LM, Espina - 225
RR, Ferrer ; 285
Required:
1. Compute each employee's gross pay.
2. What amount should be charged to work in process?
3. What amount should be charged to factory overhead account?
Expert Answer:
Answer To calculate the amount that should be charged to work in process we can use the following st... View the full answer
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