C Payroll Summary The Francesca *Discussion of E3-13 to E3-15 4x Exercise - Payroll Summary (1).pd X + + C File C:/Users/Admin/Downloads/Exercise%20-%20Payroll%20Summary%20(1).pdf Exercise - Payroll Summary (1).pdf 1 / 1 100% + Exercise: Payroll Summary The Francesca Corporation is a manufacturing concern that employs five people on an hourly basis. The following data relate to the week ended October 31, 2019. Employee Reyes, K (Supervisor) Santos, R Cruz, R Sanchez, R Cinco, M (maintenance) Hours Worked 45 46 43 45 40 Hourly Rate P 140 90 130 120 80 Required: 1. Prepare the payroll sheet for the week ending October 31, 2021. Assume deductions for withholding tax, 8%, SSS - 3%, Philhealth 2% and Pag-ibig - 1%. 2. Employees are paid one hundred percent for overtime. 3. Prepare entries to record payroll assuming overtime premium is charged to a. Factory Overhead b. Work in Process 4. Use the same columns used in E3-13 for the payroll summary H FI 9:50 AM 3/28/2021 C Payroll Summary The Francesca *Discussion of E3-13 to E3-15 4x Exercise - Payroll Summary (1).pd X + + C File C:/Users/Admin/Downloads/Exercise%20-%20Payroll%20Summary%20(1).pdf Exercise - Payroll Summary (1).pdf 1 / 1 100% + Exercise: Payroll Summary The Francesca Corporation is a manufacturing concern that employs five people on an hourly basis. The following data relate to the week ended October 31, 2019. Employee Reyes, K (Supervisor) Santos, R Cruz, R Sanchez, R Cinco, M (maintenance) Hours Worked 45 46 43 45 40 Hourly Rate P 140 90 130 120 80 Required: 1. Prepare the payroll sheet for the week ending October 31, 2021. Assume deductions for withholding tax, 8%, SSS - 3%, Philhealth 2% and Pag-ibig - 1%. 2. Employees are paid one hundred percent for overtime. 3. Prepare entries to record payroll assuming overtime premium is charged to a. Factory Overhead b. Work in Process 4. Use the same columns used in E3-13 for the payroll summary H FI 9:50 AM 3/28/2021