Question: USING EXERCISE 4.8 information (NN Company) answer the following requirements (use actual contribution for SSS, PHIC (3%), Pagibig and actual withholding tax): 1. How

USING EXERCISE 4.8 information (NN Company) answer the following requirements (use actual contribution for SSS, PHIC (3%), Pagibig and actual withholding tax): 1. How much total cash will be paid to employees for the last week of November? 2. How much is Work in Process-Direct Labor? 3. How much will be charged to Factory Overhead Control in recording all employer contribution? 4. How much will be the total amount of remittance to SSS? 5. How much will be the total amount of remittance to BIR? (5 points) Exerche 4-8. PAYROLL PROCEDURES. NN Company operates on a 6-day week, with time and one-quarter for all hours over eight during the regular days. The time cards for the week ending November 30 showed No Nome Mon 002 Tibs Romon 8 B 004 Teddy 8 005 Alt 8 006 Rene 8 007 Aga 8 Tues Wed Thurs 8 6 6 Sof Rate/tv P120 . 80 NO 20 4 20 8 S 70 8 . 80 8 . 80 An analysis of the job time tickets and payroll records showed: No. Job No. Mon Tues Wed Thurs Fri Sat 001 Supervisor 8 8 8 8 8 8 002 701 S 7 6 6 . 702 2 2 7 4 003 701 8 4 702 8 8 B . 5 4 004 702 4 2 4 703 8 7 8 5 6 005 703 6 7 4 8 7 3 704 2 2 5 2 2 006 704 4 7 6 4 4 4 705 4 2 2 4 5 007 704 8 4 3 2 4 4 705 5 5 6 Previous earnings in June (November 1-24) No. 001 19.210.00 002 16.204.00 003 12.814.00 004 12.706.00 005 12.528.00 006 16.102.00 007 14.538.00 C

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

For the system shown in Figure P7.3, what steady-state error can be expected for the following test inputs: 10u(t); 10tu(t); 10t 2 u(t). R(s) + 3 C(s) s+4 2 6s FIGURE P7.3

The FITNESSGRAM is the national health-related fitness assessment adopted by the Presidential Youth Fitness Program and is the most widely used children's fitness assessment in the world. It serves...

The following are the cash flows of two projects: Year Project A Project B 0 $(310) $(310) 1 140 210 2 140 210 3 140 210 4 140 a. Calculate the NPV for both projects if the discount rate is 10%. (Do...

Nashville home prices are continuing to increase with a 2021 average home price of $545,500. A real estate agent believes the average home price in Northwest Nashville is greater than the average...

705 5 5 6 Previous earnings in June (November 1 - 24) No. 001 19,210.00 002 16,204.00 003 12,814.00 004 12,706.00 005 12,528.00 006 16,102.00 007 14,538.00 USING EXERCISE 4-8 information(NN Company)....

I've attached the question as a word file, thanks! JWCL165_c10_444-505.qxd 8/12/09 7:24 AM Page 444 10 Liabilities Chapter STUDY OBJECTIVES After studying this chapter, you should be able to: 1...

VI. Ratio Analysis of Financial Statements Prepare a ratio analysis using ALL of the ratios learned in chapter 17 to analyze your company. You should calculate the ratios for two years to be able to...

I need help with the following EX 6 page 7 What is the total for the Cash column? Ex 6b page 7 What is the total in the inventory column 6c What is the total in the retained earnings column? Ex 7...

I need help on page 50. Exercise 3 about dayteccompany ACCT 252 MANAGERIAL ACCOUNTING CLASS NOTES REQUIRED To accompany Noreen, Brewer, Garrison 2nd ed. textbook Chapter 2 - Management Accounting and...

1 A sole proprietor is ________. Choose one answer. a. a shareholder in an S-Corporation. b. one or more individuals who are owners in whole or part of an unincorporated business. c. someone who owns...

The probability that a person, living in a certain city, owns a dog is estimated to be 0.3. Find the probability that the tenth person randomly interviewed in that city is the fifth one to own a dog.

What are the book to tax differences for the below listed partnership? Also, complete Form 1065. General Information August Easter and Grace Jackson own Notorious B.B.Q. (NB), a limited partnership....

Which of the following workers would most likely be considered an independent contractor under the Department of Labor's Administrator's Interpretation issued July 1 5 , 2 0 1 5 ? A worker performing...

During 2014, Adams Assembly, Inc., recorded credit sales of $1,300,000. Based on prior experience, it estimates a 1 percent bad debt rate on credit sales. Required: Prepare journal entries for each...

Refer to the data in Exercise 32 for the Halifax General Hospital. In exercise Required: 1. Using the highlow method, estimate the fixed cost of admitting patients per month and the variable cost of...

The following transactions were selected from among those completed by Cadence Retailers in 2013: Nov. 20 Sold 20 items of merchandise to Customer B at an invoice price of $5,500 (total); terms 3/10,...

The data below have been taken from the cost records of the Halifax General Hospital. The data relate to the costs of admitting patients at various levels of patient activity: Required: 1. Use...

Wangs Concrete Service notes that the number of jobs each month follows the following distribution: 10 with probability 0.15, 11 with probability 0. 20, 12 with probability 0.20, 13 with probability...

6 Theory of Machines 5. A shaft carries five masses A, B, C, D and E which revolve at the same radius in planes which are equidistant from one another. The magnitude of the masses in planes A, C and...

Outline the accounting procedures involved in applying the finance lease method by a lessee.

Rodriguez Corporation includes the following items in its liabilities at December 31, 2012. 1. Notes payable, $25,000,000, due June 30, 2013. 2. Deposits from customers on equipment ordered by them...

Powerglide Company, organized in 2011, has set up a single account for all intangible assets . The following summary discloses the debit entries that have been recorded during 2012....

6. Have all related SCIs been properly updated?

Who assumes responsibility for the accuracy of the information on the website?

5. Have SCM procedures for noting the change, recording it, and reporting it been followed?