7. Mr. Koala, a factory worker is paid P150 per hour for a regular work of 40...
Question:
7. Mr. Koala, a factory worker is paid P150 per hour for a regular work of 40 hours. During the week, Mr. Koala worked 45 hours and earned time and a half for overtime hours.
If overtime premium is charged to the jobs worked during the overtime hours, how much is the amount charged to Work in Process account?
8. Mr. Koala, a factory worker is paid P150 per hour for a regular work of 40 hours. During the week, Mr. Koala worked 45 hours and earned time and a half for overtime hours.
If the overtime premium is not charged to specific jobs, How much is the amount charged to Factory overhead?
9. Peter Senen Corp has the following data for the fourth week of March
Hours Worked
Employee NameHourly RateSun MonTueWedThursFriSatTotal
Kris900688888854
Bryan950-871097849
Rose7501898109853
Tess9005810889856
Jose1,0009886710856
The rate for hours in excess of 40 is one and half times the regular rate. The rate for hours worked on Sunday is twice the regular rate.
What is the gross earnings for the week?
10. Senen, a factory laborer earns P18,000 per month, and the company pays one month salary as a bonus at the end of the year. Senen is entitled to a half month paid vacation leave. The company also pays P4,000 a year into a pension fund of the worker. All fringe benefits of factory laborer are charged to the factory overhead control account. The fringe benefits are charged to production during the 11 1/2 months the employee is at work.
What is the estimated liability for fringe benefits?
11. Senen, a factory laborer earns P18,000 per month, and the company pays one month salary as a bonus at the end of the year. Senen is entitled to a half month paid vacation leave. The company also pays P4,000 a year into a pension fund of the worker. All fringe benefits of factory laborer are charged to the factory overhead control account. The fringe benefits are charged to production during the 11 1/2 months the employee is at work.
Determine the gross payroll.
Expert Answer:
7 If Mr Koala worked 45 hours and earned time and a half for overtime hours we first need to calculate his total earnings for the week Regular earning... View the full answer
