Extracted text: Accounting for Labor If emplovees work on a five day work week and are paid every Friday ot week, Using the calendar year method of accounting, determine the of the Pag-ibig Contribution Withholding taxes 30,000 500,000 on Wednesday. a. P16,200 b. Р27,000 The employers' taxes are as follows: Sss Contribution Philhealth Contribution Pag-ibig Contribution c. P10,800 d. P5,400 200,000 30,000 30,000 The total weekly payroll charged to work in process account is: a. P5,100 b. P8,500 c. P16,000 d. P9,600 Total accrued payroll charged to expense account is: a. P8,100 b. P11,000 c. P6,600 d. P18,500 Comead 25% to administrative and 5% to selling expenses. Compute the total amount of payroll to be charged to work in pre It is the total amount earned by the worker a. Net pay b. Gross pay c. Gross earnings less deductions d. Bonus pay 41. account a. P5,000,000 b. P2,500,000 c. P3,500,000 d. P4,340,000 How much is the total factory overhead control account? a. P2,560,000 b. P1,500,000 c. P1,000,000 d. P1,182,000 Feast Corporation operates a factory on a two shift basis and pays a late shift differential of 15%. It also pays a premium of 50% for overtime work. Since Feast manufactures only for stock, the cost system provides for uniform direct labor hourly charges for production done without regard to shift worked or worked done on an overtime bases. Overtime and late shift differentials are included in Feast's factory overhead application rate. The January payroll for production workers is as follows: 42. How much is the total expense charged to selling and administrative? a. P1,500,000 b. P1,578,000 c. P5,000,000 d, P5,260,000 Wages at basis of direct labor rates Shift Differentials How much is the net payroll? a. P4,340,00o b. P5,000,000 c. P4,080,000 d. P4,600,000 325,000 25,000 10,000 Overtime Premiums 44. Ivan Corp. has the following data for the month of October 2025: 50,000 6,500 1,000 200 100 Gross Wages Employees, Taxes For the month of January, what amount of direct labor should be charged to Work in Process account? a. P325,000 b. РЗ35,000 Rivera Corp has the following data for the month of December 2030: c. P350,000 d. P360,000 Philhealth 43. Pag-ibig Gross Payroll Employee's Deductions: SSS Contribution Philhealth Contribution n October 31, what is the amount to be recorded in the work in process inventory account? a. P50,000 b. P43,500 5,000,000 c. P42,200 d. P48,700 100,000 30,000 226 227 Chapter 4: A on Cost Accounting
Extracted text: The total amount to be credited to accrued payroll for the month of October Accounting for Labor Chapte is: Proble СРА deduct emplo a. P50,000 b. P43,500 c. P42,200 d. P48,700 Mr. Iram, a factory worker is paid P100 per hour for a regular work of 40 hours. During the week, Mr. Iram worked 50 hours and earned time and 45. Requi a. Grc b. Net half for overtime hours. What is the amount to be debited to factory overhead control account, if overtime premium is charged to specific job? a. P4,000 b. P5,000 с. Р500 d. PO Prob empl What is the amount to be debited to factory overhead control account, if overtime premium is charged to the factory overhead control account? a. P4,000 b. P5,000 c. P500 d. PO What is the amount to be debited to Work in Process account if overtime premium is charged to the factory overhead control account? a. P4,000 b. P5,000 c. P5,500 d. PO Rec What is the amount to be debited to Work in Process account if overtime premium is charged to specific job? а. Р4,000 b. P5,000 a. b. c. P5,500 d. PO Pr Mr. Erwin Rafael, a machine operator has a wage rate of P400 per hour. The company pays time and half for time over 40 hours per week. How much of these earnings should be charged to work in process inventory account if Mr. Erwin Rafael worked for 45 hours in a week. a. P16,000 b. P18,000 46. Ri c. P27,000 d. P24,000 How much of the earnings are charged to factory overhead control account a. Р8,000 b. P9,000 c. P1,000 d. P5,000 The total gross earnings of Mr. Erwin Rafael a. P27,000 b. P24,000 c. P19,000 d. P17,000 228