Half human, half zombie for president manufacturing corp. A newly established business had the following transaction for the 1st month of its operation.

A. Purchase of raw materials on account amounting to P650,000

B. Details for computation of payroll for the month are as follows

Transcribed Image Text:

DIRECT LABOR INDIRECT SELLING AND ADMIN LABOR PERSONNEL NUMBER OF EMPLOYEES 30 6 12 RATE PER DAY P600 P800 P500 TOTAL NUMBER OF REGULAR HOURS 5,280 1,056 2,112 WORKED TOTAL NUMBER OF OVERTIME 125 10 0 TAX WITHHELD P0.00 P0.00 P0.00 MANDATORY CONTRIBUTIONS- P23,600 P5,320 P9,600 EMPLOYEE MANDATORY CONTRIBUTIONS - P43,820 P9,880 P17,820 EMPLOYER DIRECT LABOR INDIRECT SELLING AND ADMIN LABOR PERSONNEL NUMBER OF EMPLOYEES 30 6 12 RATE PER DAY P600 P800 P500 TOTAL NUMBER OF REGULAR HOURS 5,280 1,056 2,112 WORKED TOTAL NUMBER OF OVERTIME 125 10 0 TAX WITHHELD P0.00 P0.00 P0.00 MANDATORY CONTRIBUTIONS- P23,600 P5,320 P9,600 EMPLOYEE MANDATORY CONTRIBUTIONS - P43,820 P9,880 P17,820 EMPLOYER

Answer rating: 100% (QA)

To summarize the transactions for the first month of operation for the Half Human Half Zombie for Pr... View the full answer