Problem Gimli Company pays time and a half for hour in excess of 40 hours per...

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Problem Gimli Company pays time and a half for hour in excess of 40 hours per week. An individual is paid P100.00 per hour and worked 50 hours a week. The employee is also paid an additional P500 in fringe benefits for the 1-week pay period. All fringe benefits are treated as manufacturing overhead. 1. 2. Compute for the weekly earnings of the employee. How much is to be charged to Work in Process and Manufacturing Overhead Control accounts assuming that any overtime work is randomly scheduled? Problem Acacia Factory provides for an incentive scheme for its factory workers which features a combined minimum guaranteed wage of $1,500 per week and piece rate of P25. The production report for the week is shown as follows: Employee Yuki Bran Luna Charlie Units Produced 65 3 75 45 55 Required: 1. Compute for the total earnings for the week of each worker. 2. How much of the payroll for the week should be charged to (1) Work in Process and (2) Factory Overhead? Problem Gimli Company pays time and a half for hour in excess of 40 hours per week. An individual is paid P100.00 per hour and worked 50 hours a week. The employee is also paid an additional P500 in fringe benefits for the 1-week pay period. All fringe benefits are treated as manufacturing overhead. 1. 2. Compute for the weekly earnings of the employee. How much is to be charged to Work in Process and Manufacturing Overhead Control accounts assuming that any overtime work is randomly scheduled? Problem Acacia Factory provides for an incentive scheme for its factory workers which features a combined minimum guaranteed wage of $1,500 per week and piece rate of P25. The production report for the week is shown as follows: Employee Yuki Bran Luna Charlie Units Produced 65 3 75 45 55 Required: 1. Compute for the total earnings for the week of each worker. 2. How much of the payroll for the week should be charged to (1) Work in Process and (2) Factory Overhead?

Answer rating: 100% (QA)

1 Compute for the weekly earnings of the employee in the Gimli Company Regular pay for 40 hours at 10000 per hour 40 hours 100hour 4000 Overtime pay f... View the full answer