WTA Manufacturing Company operates on a modified wage plan. During one week's operation, the following direct labor

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WTA Manufacturing Company operates on a modified wage plan. During one week's operation, the following direct labor costs were incurred:


WTA Manufacturing Company operates on a modified wage plan. Duri


The employees are machine operators. Piece rates vary with the kind of product being produced. A minimum of $70 per day is guaranteed each employee by union contract.
Required:
1. Compute the weekly earnings for Jankovic, Sharapova, and Williams.
2. Prepare journal entries to:
a. Record the week's payroll, assuming that none of the employees has achieved the maximum base wage for FICA taxes.
b. Record payment of the payroll.
c. Record the employer's share of payroll taxes, assuming that none of the employees has achieved the maximum base wage for FICA or unemploymenttaxes.

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Principles Of Cost Accounting

ISBN: 9780840037039

15th Edition

Authors: Edward J. Vanderbeck

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