8. Victory Manufacturing Company produces a variety of products. The firm operates 24 hours per day with three (3) daily work shifts. The first shift workers receive regular pay. The second shift...

8. Victory Manufacturing Company produces a variety of products. The firm operates 24 hours per day with three (3) daily work shifts. The first shift workers receive regular pay. The second shift workers receive 10% pay premium and the third shift workers receive 20% pay premium. In addition, the firm pays an overtime (OT) premium of 30% based on the regular rate.


 Actual payroll for the month of August 2022 follows:
Total wages                                                      16,000 hours                  P?
Wage rate per hours                                          First shift                      P80
Total regular hours worked (spread equally)    15,000 hours




How much is the total amount of payroll for the period?