Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

705 5 5 6 Previous earnings in June (November 1 - 24) No. 001 19,210.00 002 16,204.00 003 12,814.00 004 12,706.00 005 12,528.00 006 16,102.00

image text in transcribed

image text in transcribedimage text in transcribed
705 5 5 6 Previous earnings in June (November 1 - 24) No. 001 19,210.00 002 16,204.00 003 12,814.00 004 12,706.00 005 12,528.00 006 16,102.00 007 14,538.00 USING EXERCISE 4-8 information(NN Company). answer the following requirements (use actual contribution for SSS, PHIC (3%), Pagibig and actual withholding tax): 1) How much total cash will be paid to employees for the last week of November? (5 points) 2) How much is Work in Process-Direct Labor? (5 points) 3) How much will be charged to Factory Overhead Control in recording all employer contribution? (5 points) 4) How much will be the total amount of remittance to SSS? (5 points) 5) How much will be the total amount of remittance to BIR? (5 points)Exercise 4 - 8. PAYROLL PROCEDURES. NN Company operates on a 6-day week, with time and one-quarter for all hours over eight during the regular days. The time cards for the week ending November 30 showed: No. Name Mon Tues Weo Thurs Fri Sat Rate/hr 001 Jake P120 002 Tib 6 BO 003 Ramon 9 70 004 Teddy 9 8 70 005 Art & 9 70 006 Rene 9 9 4 BO 007 Aga 8 8 8 4 4 80 An analysis of the job time tickets and payroll records showed: No. Job No. Mon Tues Wed Thurs Fri Sat 001 Supervisor 8 8 8 8 002 701 5 7 6 6 702 2 1 2 7 4 003 701 8 702 B 8 5 4 004 702 4 2 4 703 8 7 5 005 703 5 4 7 3 704 2 5 2 006 704 7 6 4 4 4 705 2 2 4 5 007 704 8 4 3 2 4 4

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Financial Accounting

Authors: Richard Baker, Valdean Lembke, Thomas King, Cynthia Jeffrey

8th Edition

73526916, 978-0073526911

More Books

Students also viewed these Accounting questions