2. Briefly stated, what are the advantages anddisadvantages of (a) the hourly rate wageplan and (b) the piece-rate wage plan?

3. What is a modified wage plan?

4. What is the concept of production workteams as it relates to incentive wage plans?

5. What is the function of the payrolldepartment?

6. In a payroll system, what purpose is servedby a labor time record? How is the informa-tion that is recorded on labor time recordsused?

7. What purpose do digital records and re-mote computer terminals serve in a payrollsystem?

8. Although payroll records may vary in de-sign, what types of employee data wouldbe found in the payroll records of mostmanufacturing companies?

9. What are the sources for posting directlabor cost to (a) individual jobs in the jobcost ledger and (b) the work in processaccount in the general ledger?

10. What are the sources for posting indirectlabor cost to the indirect labor account inthe factory overhead ledger?

11. In accounting for labor costs, what is thedistinction between the accounting treat-ment for regular pay and overtime pre-mium pay?

12. Maintaining internal control over laborcost is necessary for a cost accountingsystem to function effectively. What are theinternal control procedures regarding thecharge to the work in process account andthe credit to the payroll account in thegeneral ledger?

13. What accounts are used to record employ-ees withholding taxes and the employerspayroll taxes?

14. What are the procedures involved in ac-counting for labor cost, and what support-ing forms are used for each procedure?

15. What is the source of data used to:

a. record the distribution of the payroll.

b. record the employers payroll taxes.