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ANSWER ACTIVITY 1-3 ( I NEED A SOLUTION) Activity 1 Garden Grove Corp. (De Jesus, MC 37, Chap 4) Garden Grove pays its employee one
ANSWER ACTIVITY 1-3 ( I NEED A SOLUTION)
Activity 1 Garden Grove Corp. (De Jesus, MC 37, Chap 4) Garden Grove pays its employee one and one-half times the regular rate for hours worked over 40 hours and the rate for hours worked on Sunday is twice the regular rate. The following are deductions from gross earnings: SSS 8%; Philhealth 2%; Pag-ibig 2% and Income tax 25%. Required: Compute the total amount to be charged to (a) Work in Process and (b) Factory Overhead. Compute for the net pay. Activity 2 - Self-made BSA Company is in manufacturing of animal feeds. Currently he has 3 employees in the maintenance section. The regular shift is 7am to 4pm, with one-hour lunch break. For the pay period Feb 1 - 15, 2021, the summary of hours worked is as follows: Name / Hourly Rest Sun Mon Tues Wed Thu Fri Sat Week Rate Day Feb 1-6 1 2 3 4 5 6 An 100 Wed 11 11 11 11 11 Tho 150 Thu 11 11 11 11 11 Nie 150 Fri 11 11 11 11 11 Activity 2 - Self-made BSA Company is in manufacturing of animal feeds. Currently he has 3 employees in the maintenance section. The regular shift is 7am to 4pm, with one-hour lunch break. For the pay period Feb 1 - 15, 2021, the summary of work is as follows: Name / Hourly Rest Sun Mon Tues Wed Thu Fri Sat Week Rate Day Feb 7- 7 8 9 10 11 12 13 13 An 100 Wed 8 11 11 11 11 11 Tho 150 Thu 8 11 11 11 11 11 Nie 150 Fri 8 11 11 11 11 11Activity 2 - Self-made BSA Company is in manufacturing of animal feeds. Currently he has 3 employees in the maintenance section. The regular shift is 7am to 4pm, with one-hour lunch break. For the pay period Feb 1 - 15, 2021, the summary of work is as follows: Name / Hourly Rest Sun Mon Tues Wed Thu Fri Sat Week Rate Day Feb 14- 14 15 15 An 100 Wed 8 11 Tho 150 Thu 8 11 Nie 150 Fri 8 11 Activity 2 - Self-made February 3, 2021 is a special working holiday while February 12, 2021, Chinese New Year, is a special non-working holiday. Use the overtime premium rates given (see slide no. 12) to compute the gross pay. Required: Compute the (a) amount of gross pay per employee and the amount to be charged to (b) work in process account and (c) factory overhead account.Activity 3 Self-made Name Position Gross Name Position Gross Name Position Gross Pay Pay Pay Dela Cruz General P100,000 Fred Sales 30,000 Noli Laborer 12,000 Manager Assistant Finance 45,000 Gill Sales 29,000 Orly Laborer 12,000 Allan Supervisor Assistant A/R Staff 25,000 Hall Production 47,000 Pete Laborer 12,000 Bill Supervisor Carl A/P Staff 23,000 Jack Laborer 15,000 Rocky Electrical 30,000 Maintenance Dom Inventory 20,000 Larry Laborer 14,000 Steph Electrical 28,000 Staff Maintenance Eric S & M 50,000 Mark Laborer 13,000 Troy Mechanical 27,000 Supervisor Maintenance Activity 3 Self-made CBA Company pays the general manager every 15th of the month and all other employees twice a month (15th and end of the month). Use the corresponding SSS, Philhealth, Pag-ibig and Withholding Tax Tables applicable for 2021. Required: Prepare the payroll register for 15th and end of the month with corresponding payroll entries including employer share and remittancesStep by Step Solution
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