Chapter 9 accounting for labor PDF

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CHAPTER 8 - ACCOUNTING FOR LABORTRUE/FALSE True 6. False False 7. True False 8. True False 9. True False 10. True Problem 1 - Evergreen Company A) 1. CHARGED TO THE JOB 2. CHARGED TO FACTORY OVERHEAD CONTROLCHARGED TO JOB CHARGED TO FOC JOB 401 JOB 402 JOB 401 JOB 402 Direct materials 28,000 37,000 ...

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CHAPTER 8 - ACCOUNTING FOR LABOR TRUE/FALSE 1. True 2. False 3. False 4. False 5. False

6. 7. 8. 9. 10.

False True True True True

Problem 1 - Evergreen Company A) 1. CHARGED TO THE JOB 2. CHARGED TO FACTORY OVERHEAD CONTROL CHARGED JOB 401 28,000 18,000 5,600 ______ 51,600

Direct materials Direct labor Factory overhead Overtime Total

CHARGED TO FOC Other factory costs Overtime Total

TO JOB JOB 402 37,000 23,000 11,200 6,000 77,200 P 16,800 6,000 P 22,800

CHARGED JOB 401 28,000 18,000 7,600 ______ 53,600

TO FOC JOB 402 37,000 23,000 15,200 ______ 75,200

x 1/3 X 2/3

Problem 2 Employee Austria Bautista DeSantos Motus Reyes TOTAL b) 1. 2.

3.

No. Hrs 42 43 44 40 40

Rate 36.00 36.00 45.00 30.00 30.00

Regular Pay 1,512 1,548 1,980 1,200 1,200 7,440

OT Hours 2 3 4 -

Rate 18.00 18.00 22.50 -

Overtime Premium 36.00 54.00 90.00 -__ 180.00

Total Pay 1,548 1,602 2,070 -___ 7,620

Payroll Accrued payroll

7,620

Accrued payroll Cash

7,620

Work in process (1,512 + 1,548 + 1,980) FOC (1,200 + 1,200 + 180 ) Payroll

5,040 2,580

7,620 7,620

7,620

Page 2 Problem 3 - Norman Company Employee Guaranteed Wage Cruz 2,000 Briones 2,000 David 2,000 Mendoze 2,000 Rivera 2,000 Tolentino 2,000 TOTAL 12,000

Total pay – piece rate (240 x 7.50) (286 x 7.50) (275 x 7.50) (240 x 7.50) (225 x 7.50) (285 x 7.50)

Deficiency

1,800 2,145 2,062.50 1,800 1,687.50 2,137.50 11,632.50

2. Charged to Work in process 3. Charged to factory overhead account -

200 200 312,50 -___ 712.50

Total Payroll 2,000.00 2,145.00 2,062.50 2,000.00 2,000.00 2,137.50 12,345.00

11,632.50 712,50

Problem 4 - Ty-Nee Trailer Company Deductions were computed on the assumption that previous payment of wages were made without deductions and all deductions are made on the last payment for the month.

Employee Castro Ardina Briones David Fajardo Tomas Villas TOTAL

REGU HRS. 42 45 48 48 45 42 40

LAR RATE 40.00 50.00 40.00 40.00 40.00 40.00 40.00

PAY 1,680.00 2,250.00 1,920.00 1,920.00 1,800.00 1,680.00 1,600.00 12,850.00

OVER TIME PAY HRS. RATE 2 20.00 40.00 5 25.00 125.00 8 20.00 160.00 8 20.00 160.00 5 20.00 100.00 2 20.00 40.00 -__ 625.00

Continuation Employee Total SSS W/holding Phil. Pay Prem. Tax Health Castro 1,720.00 250.00 681.28 87.50 Ardina 2,375.00 333.30 614.53 112.50 Briones 2,080.00 283.30 840.93 100.00 David 2,080.00 283.30 865.33 100.00 Fajardo 1,900.00 266.70 603.38 87.50 Tomas 1,720.00 250.00 461.38 87.50 Villas 1,600.00 233.30 438.28 75.00 TOTAL 13,475.00 1899.90 4,505.11 650.00 Castro

Pagibig 100.00 100.00 100.00 100.00 100.00 100.00 100.00 700.00

TOTAL PAY 1,720.00 2,375.00 2,080.00 2,080.00 1,900.00 1,720.00 1,600.00 13,475.00

Total Net Deduct Pay 1,118.78 601.22 1,160.33 1214.67 1,324.23 755.77 1,348.63 731.37 1,057.58 842.42 898.88 821.12 846.58 753.42 7,755.01 5719.99

Total pay (5,600 + 1,720) 7,320 ( 4,167) - 208.33 3,153 x 15% - 472,95 681.28 Ardina Total pay (7,500 + 2,375) 9,875 ( 7,167) 208.33 2,708 x 15% 406.20 614.53 Briones Total pay (6,500 + 2,080) 8,580 (7,917) 708.33 663 x 20% 132,60 840.93 David Total pay (6,200 + 2,080) 8,280 ( 7,500) 708.33 780 x 20% 156.00 864.33 Fajardo Total pay (5,900 +1,900) 7,800 ( 5,167) 208.33 2,633 x 15% 394.95 603.38 Tomas Total pay (5,800 + 1,720) 7,520 ( 5,833) 208.33 1,687 x 15% 253.05 461.38 Villas Total pay (5,200 + 1,600)

2.

6,800 (5,267) 208.33 1,533) x 15% 229.95 438.28

Payroll W/holding tax payable SSS Premiums payable Phil Health Contributions payable Pag-ibig funds contributions payable Accrued payroll

13,475.00 4,505.11 1,899.90 650.00 700.00 5,719.99

Accrued payroll Cash

5,719.99 5,719.99

Work in process (12,850 – 1,680) Factory overhead control (1,680 + 625) Payroll MULTILE CHOICE 1. b 2. b 3. a 4. b. 5. a `

6. 7. 8. 9. 10.

a d d a c

11,170.00 2,305.00 13,475

11. 12. 13. 14.

b c` 692,500 d...