odified wage plan Marcellus Wallace earns $25 per hour for up to 400 units of production per day. If he produces more than 400 units per day, he will receive an additional piece rate of $0.50 per...

Extracted text: Principles of Cost Accounting that his hours worked and pieces finished for the week jun ended were as follows: b. Compu metho Pieces Finished milar to and Review 1 Journal e A partial week of Day Hours Worked E3-6 400 Monday 380 Tuesday 440 Wednesday 450 Gross ear Thursday 360 Deduction Friday a. Determine Wetzel's earnings for each day and for the week. b. Prepare the journal entry to distribute the payroll, assuming that any make-up guarantees are charged to Factory Overhead. FICA ta Incom Health Tax-s Modified wage plan Peggy Nolan earns $20 per hour for up to 300 units of production per day. If she produces more than 300 units per day, she will receive an additional piece rate of $.5333 per unit. Assume that her hours worked and pieces finished for the week just ended E3-4 Total d Net ea a.


Extracted text: State unemployment-4% of the first calendar year. Federal unemployment-1% of the first $8,000 of earnings per employee per calendar year. Federal income tax withholding-10% of each employee's gross earnings, unless otherwise stated. Computing payroll earnings R. Herbert of Crestview Manufacturing Co. is paid at the rate of $20 an hour for an eight-hour day, with time-and-a-half for overtime and double-time for Sundays and holidays. Regular employment is on the basis of 40 hours a week, five days a week. At the end of a week, the labor time record shows the following: E3-1 Job or Indirect Labor Su. M. Tu. Th. Sa. Total 007 5. 3 5.0 24.0 009 3 3 5. 6.5 22.5 Machine repair 4 6.5 10.5 Total 4 8. 8 8 11.5 11 6.5 57.0 Because jobs are randomly scheduled for the overtime period, any overtime premium is charged to Factory Overhead. a. Compute Herbert's total earnings for the week. b. Present the journal entry to distribute Herbert's total earnings. (Note: These single journal entries here and in E3-2, E3-3, E3-4, E3-8 and E3-9 are for the purpose of illustrating the principle involved. Normally, the entries would be made for the total factory payroll plus the administrative and sales payroll.) Recording payroll Using the earnings data developed in E3-1 and assuming that this was the first week of employment for R. Herbert with Crestview Manufacturing Co., prepare the journal entries for the following: a. The week's payroll. b. Payment of the payroll. E3-2 Modified wage plan Randy Wetzel earns $25 per hour for up to 400 units of produc- tion per day. If he produces more than 400 units per day, he will receive an additional piece rate of $.50 per unit. Assume E3-3