Western Industries pays employees on a weekly basis on Tuesday for the week ended the previous Friday. Employees compensation is earned evenly each day over a 5-day work week. This year, April 30 fell on Thursday. Payroll costs for the week ended May 1 follow: Non Factory: Sales $ 5,000 Administrative 10.000 $15,000 Factory: Direct labor $25,000 2, 500 Overtime premium Indirect labor 15.000 $42.500 $57.500 Excluding payroll taxes, how much of the accrued payroll at April 30 should be charged to Factory Overhead?

Western Industries pays employees on a weekly basis on Tuesday for the week ended the previous Friday. Employees compensation is earned evenly each day over a 5-day work week. This year, April 30 fell on Thursday. Payroll costs for the week ended May 1 follow: Non Factory: Sales $ 5,000 Administrative 10.000 $15,000 Factory: Direct labor $25,000 2, 500 Overtime premium Indirect labor 15.000 $42.500 $57.500 Excluding payroll taxes, how much of the accrued payroll at April 30 should be charged to Factory Overhead?

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter3: Accounting For Labor

Section: Chapter Questions

Problem 4E: Peggy Nolan earns 20 per hour for up to 300 units of production per day. If she produces more than...

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A company has the following transactions during the week. Purchase of $1,000 raw materials inventory Assignment of $500 of raw materials inventory to Job 5 Payroll for 20 hours with $1,000 assigned to Job 5 Factory utility bills of $750 Overhead applied at the rate of $10 per hour What is the cost assigned to Job 5 at the end of the week?
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 were as follows: a. Determine Nolans earnings for each day and for the week. (Round piece-rate computations to the nearest whole dollar.) b. Prepare the journal entry to distribute the payroll, assuming that any make-up guarantees are charged to Factory Overhead.
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