Postings from the payroll registers of the Shaw Company to its Factory Payroll Clearing account totaled $97,000
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Postings from the payroll registers of the Shaw Company to its Factory Payroll Clearing account totaled $97,000 for the month of April. However, a summary of the time tickets for April showed that actual labor earnings for the month totaled $102,500, which was credited to Factory Payroll Clearing at the end of April. What does the $5.500 difference in those two figures represent?
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Related Book For
Cost Accounting Principles And Applications
ISBN: 9780070081529
5th Edition
Authors: Horace R. Brock
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