What is the answer in number 8?~ The amount charged to Work in Process account is how much?5. Richard Corp has the following data for the third week of December:Employee Name ClassificationHours Worked Rate per hourM. KuholN. AileenO. JoseP. JayQ. RichmondR. EdwardLaborerOffice Secretary45504645Laborer5052Factory Supervisor 55Sales agent485260Laborer4845The following are to be deducted to the gross earnings of employees:Witholding taxesSSS contributionsPhilhealth5%3%1%Pag-ibig1%Richard Corp paid its employees one and half times the regular rate for hours worked in excess of 40hours.How much is the amount charged to Manufacturing Overhead?6. Richard Corp has the following data for the third week of December:Employee Name ClassificationHours Worked Rate per hourS. KuholLaborerOffice Secretary4550T. Aileen4645U. JoseV. JayW. RichmondX. EdwardLaborer5052Factory Supervisor5548Sales agentLaborer52604845The following are to be deducted to the gross earnings of employees:Witholding taxesSSS contributionsPhilhealth5%3%1%Pag-ibig1%Richard Corp paid its employees one and half times the regular rate for hours worked in excess of 40hours.What is the total amount charged to Selling and Administrative expenses?7. Mr. Koala, a factory worker is paid P150 per hour for a regular work of 40 hours. During the week,Mr. Koala worked 45 hours and earned time and a half for overtime hours.If overtime premium is charged to the jobs worked during the overtime hours, how much is theamount charged to Work in Process account?8. Mr. Koala, a factory worker is paid P150 per hour for a regular work of 40 hours. During the week,Mr. Koala worked 45 hours and earned time and a half for overtime hours. If the overtime premium is not charged to specific jobs, How much is the amount charged to Factoryoverhead?1. 9. Peter Senen Corp has the following data for the fourth week of MarchHours WorkedEmployee Name Hourly Rate Sun Mon TueWedThursFriSatTotalKris9006.88888854Bryan9508.71097849-Rose750188109853Tess9005810889856Jose1,0009886710856The rate for hours in excess of 40 is one and half times the regular rate. The rate for hours worked onSunday is twice the regular rate.What is the gross earnings for the week?10. Senen, a factory laborer earns P18,000 per month, and the company pays one month salary as abonus at the end of the year. Senen is entitled to a half month paid vacation leave. The company alsopays P4,000 a year into a pension fund of the worker. All fringe benefits of factory laborer are chargedto the factory overhead control account. The fringe benefits are charged to production during the 111/2 months the employee is at work.What is the estimated liability for fringe benefits?11. Senen, a factory laborer earns P18,000 per month, and the company pays one month salary as abonus at the end of the year. Senen is entitled to a half month paid vacation leave. The company alsopays P4,000 a year into a pension fund of the worker. All fringe benefits of factory laborer are chargedto the factory overhead control account. The fringe benefits are charged to production during the 111/2 months the employee is at work.Determine the gross payroll.12. Senen, a factory laborer earns P18,000 per month, and the company pays one month salary as abonus at the end of the year. Senen is entitled to a half month paid vacation leave. The company alsopays P4,000 a year into a pension fund of the worker. All fringe benefits of factory laborer are chargedto the factory overhead control account. The fringe benefits are charged to production during the 111/2 months the employee is at work.What is the amount charged to Worked in Process account?13. Senen, a factory laborer earns P18,000 per month, and the company pays one month salary as abonus at the end of the year. Senen is entitled to a half month paid vacation leapays P4,000 a year into a pension fund of the worker. All fringe benefits of factory laborer are chargedto the factory overhead control account. The fringe benefits are charged to production during the 111/2 months the employee is at work.ve. The company alsoWhat is the amount charged to Factory Overhead?14. Ethel Corp. Has the following data for the month of March 2021:Gross PayrollEmployee's deductions:SSS ContributionP1,000,000P20,00010,000Philhealth

Question

Accepted Answer

Overtime premium means payment made to an employee in excess of his/her regular earnings rate.…

8. Mr. Koala, a factory worker is paid P150 per hour for a regular work of 40 hours. During the week, Mr. Koala worked 45 hours and earned time and a half for overtime hours.