14. Owl Corp. has the following data for the month of March 2021: P2,000,000 Gross Payroll Employee's deductions: SSS Contribution P20,000 Philhealth 10,000 Pag-ibig Witholding taxes 10,000 100,000 The employer share of mandatory deductions are as follows: SSS Contribution Philhealth P40,000 10,000 Pag-ibig 10,000 The company distributes its total payroll as follows: 50% to direct labor; 20% to indirect labor; 25% to administrative and 5% to sales salary. The company also apportions employer's contribution as follows: 70% to factory overhead; 25% to administrative and 5% to selling expenses. Determine the following: A. total accrued payroll. B. the amount charged to Worked in Process account. C. the amount charged to Factory Overhead.

14. Owl Corp. has the following data for the month of March 2021: P2,000,000 Gross Payroll Employee's deductions: SSS Contribution P20,000 Philhealth 10,000 Pag-ibig Witholding taxes 10,000 100,000 The employer share of mandatory deductions are as follows: SSS Contribution Philhealth P40,000 10,000 Pag-ibig 10,000 The company distributes its total payroll as follows: 50% to direct labor; 20% to indirect labor; 25% to administrative and 5% to sales salary. The company also apportions employer's contribution as follows: 70% to factory overhead; 25% to administrative and 5% to selling expenses. Determine the following: A. total accrued payroll. B. the amount charged to Worked in Process account. C. the amount charged to Factory Overhead.

College Accounting (Book Only): A Career Approach

12th Edition

ISBN:9781305084087

Author:Cathy J. Scott

Publisher:Cathy J. Scott

Chapter8: Employer Taxes, Payments, And Reports

Section: Chapter Questions

Problem 3E

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