Answered step by step
Verified Expert Solution
Question
1 Approved Answer
4 A rush order was accepted by the Ty-Nee Trailer Company for five trailers. The time tickets and clock cards for the week ended March
4 A rush order was accepted by the Ty-Nee Trailer Company for five trailers. The time tickets and clock cards for the week ended March 27 show the following: Time Tickets - Hour distribution Trailer Trailer Trailer Trailer Exemption Previous Trailer Employees Status Hours Earmings #1 #2. Castro S 42 15,600 all time spent supervising Ardina ME3 45 7,500 10 10 Briones ME 48 6,500 24 24 David S 48 6.200 24 Fajardo ME 45 5,900 15 15 Tomas ME1 42 5,800 24 8 Villas ME 40 5,200 20 #3 #4 #5 10 10 5 24 24 15 10 All employees are paid P40 per hour, except Ardina, who receives P50 per hour. All overtime premium pay except Ardina's is chargeable to the job and all employees, including Ardina, received time and a half for overtime hours. The previous earnings were not subjected to deductions, such payroll deductions are made on the last pay for the month Required 1. Calculate the total payroll and total net earnings for the week. Hours not worked on trailers are charged to factory overhead. 2. Prepare entries to record, pay, and distribute the payroll
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started