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1. Jose Santos worked 46 hours in one week at a ratę of P45 an hour.E is paid one and a half times the regular rate for hours worked i a excess of 40. What is the gross earnings of Jose Santos: а. Р2,205 b. P2,070 c. P2,340 d. P1,800

1. Jose Santos worked 46 hours in one week at a ratę of P45 an hour.E is paid one and a half times the regular rate for hours worked i a excess of 40. What is the gross earnings of Jose Santos: а. Р2,205 b. P2,070 c. P2,340 d. P1,800

College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter8: Payroll Accounting: Employee Earnings And Deductions
Section: Chapter Questions
Problem 2SEA: COMPUTING OVERTI ME RATE OF PAY AND GROSS WEEKLY PAY Rebecca Huang receives a regular salary of...
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Labor Accounting-Control and Costing work of 40 hours. During the week ended March 23, Mike G worked 3. Mike G, a production employee is paid P180 per hour for a regular 185 Kike G, a production employee is paid Pl180 per hour for a regular Sk of 40 hours. During the week ended March 23, Mike G worked o hours and earned time and a half for overtime hours. What is the amount that should be charged to Work in Process account if the overtime premium is charged to production worked on during the overtime hours? а. Р9,000 b. Р9,900 с. Р8,900 d. P9,500 4. Using the data in No. 3, what is the amount that should be charged to Work in Process account, if the overtime premium is charged to manufacturing overhead? а. Р9,000 b. P9,900 c. P8,900 d. P9,500 5. Four factory workers and a supervisor make a team in the Machining Department. The supervisor earns P100 per hour, and the combined hourly charge of the four workers is P320. Each employee is entitled to a 2-week paid vacation and a bonus equal to 4 week's wages each year. Vacation pay and bonuses are treated as indirect costs and are accrued over the 50 week work year. A provision in the union contract does not allow. these employees to work in excess of 40 hours per week. What is the amount to be charged to Manufacturing Overhead Control account? a. P 1,344 b. P 2,016 C. P20,000 d. P 6,720
Transcribed Image Text:Labor Accounting-Control and Costing work of 40 hours. During the week ended March 23, Mike G worked 3. Mike G, a production employee is paid P180 per hour for a regular 185 Kike G, a production employee is paid Pl180 per hour for a regular Sk of 40 hours. During the week ended March 23, Mike G worked o hours and earned time and a half for overtime hours. What is the amount that should be charged to Work in Process account if the overtime premium is charged to production worked on during the overtime hours? а. Р9,000 b. Р9,900 с. Р8,900 d. P9,500 4. Using the data in No. 3, what is the amount that should be charged to Work in Process account, if the overtime premium is charged to manufacturing overhead? а. Р9,000 b. P9,900 c. P8,900 d. P9,500 5. Four factory workers and a supervisor make a team in the Machining Department. The supervisor earns P100 per hour, and the combined hourly charge of the four workers is P320. Each employee is entitled to a 2-week paid vacation and a bonus equal to 4 week's wages each year. Vacation pay and bonuses are treated as indirect costs and are accrued over the 50 week work year. A provision in the union contract does not allow. these employees to work in excess of 40 hours per week. What is the amount to be charged to Manufacturing Overhead Control account? a. P 1,344 b. P 2,016 C. P20,000 d. P 6,720
1. Jose Santos worked 46 hours in one week at a ratę of P45 an hour. E is paid one and a half times the regular rate for hours worked La Chap 184 MULTIPLE CHOICES-COMPUTATIONAL excess of 40. What is the gross earnings of Jose Santos: а. Р2,205 b. P2,070 c. P2,340 d. P1,800 2. The data below pertains to the earnings of Pedro Castro for the week ended June 16, 2018: Hours and rate 42 hours worked at P40 an hour Earnings to date P14.00 Overtime rate One and a half times the regular rate for hours worked in excess of 40 hours. Withholding tax 3% of gross earnings SSS contributions 2% of gross earnings Phil. Health contributions 1% of gross earnings Pag-ibig contributions 1% of gross earnings What is the net pay for Pedro Castro for the week? P 1,599.60 b. a. P13,879.60 P 1,629.60 d. P13,580.00 c.
Transcribed Image Text:1. Jose Santos worked 46 hours in one week at a ratę of P45 an hour. E is paid one and a half times the regular rate for hours worked La Chap 184 MULTIPLE CHOICES-COMPUTATIONAL excess of 40. What is the gross earnings of Jose Santos: а. Р2,205 b. P2,070 c. P2,340 d. P1,800 2. The data below pertains to the earnings of Pedro Castro for the week ended June 16, 2018: Hours and rate 42 hours worked at P40 an hour Earnings to date P14.00 Overtime rate One and a half times the regular rate for hours worked in excess of 40 hours. Withholding tax 3% of gross earnings SSS contributions 2% of gross earnings Phil. Health contributions 1% of gross earnings Pag-ibig contributions 1% of gross earnings What is the net pay for Pedro Castro for the week? P 1,599.60 b. a. P13,879.60 P 1,629.60 d. P13,580.00 c.
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