Calma Company adopts an employee incentive plan wherein workers are paid with guaranteed minimum wage per...
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Calma Company adopts an employee incentive plan wherein workers are paid with guaranteed minimum wage per week and additional payment of 10.00 per piece above quota. The following information shows the summary of units produced by each worker for the last two weeks: Employee A B Week 1 Production 240 260 275 255 225 280 Week 2 Production 270 260 260 245 250 235 If Employee B neither produced below nor above the weekly quota, compute for the following: 1. Guaranteed weekly minimum wage 2. Total debit to work-in-process account 3. Total debit to overhead control account 4. Total credit to payroll for employees who produced above quota in week 1 Calma Company adopts an employee incentive plan wherein workers are paid with guaranteed minimum wage per week and additional payment of 10.00 per piece above quota. The following information shows the summary of units produced by each worker for the last two weeks: Employee A B Week 1 Production 240 260 275 255 225 280 Week 2 Production 270 260 260 245 250 235 If Employee B neither produced below nor above the weekly quota, compute for the following: 1. Guaranteed weekly minimum wage 2. Total debit to work-in-process account 3. Total debit to overhead control account 4. Total credit to payroll for employees who produced above quota in week 1
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