The net earnings of the factory workers for Dainty Company during the month of November 2019 are

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The net earnings of the factory workers for Dainty Company during the month of November 2019 are P90,000. The employees' withholding taxes are P9,000, SSS are P5,000 and other deductions are P2,000. Employer's share of SSS

are P8,000. Of the total cost of factory labor, 90% is related to direct labor and 10% is attributable to indirect labor.

Required:

Give the entry to record the payroll.

Related Book For answer-question

Managerial Accounting Tools for business decision making

ISBN: 978-0470477144

5th edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Posted Date: Mar 03, 2022 06:38 AM

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The net earnings of the factory workers for Dainty Company during the month of November 2019 are

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As per given details please refer below journal entry Sr ... View the full answer

Managerial Accounting Tools for business decision making

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