Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

G. Smith of Central Manufacturing Company is paid at the rate of $30 an hour for an eight hour day, with time and a half

G. Smith of Central Manufacturing Company is paid at the rate of $30 an hour for an eight hour day, with time and a half for overtime and double time for Sundays and holidays. Regular employment is on the basis of 40 hours a week, five days a week. At the end of the week, the labor time record shows the following:

Job or Indirect Labor Su M Tu W Th F Sa Total
007 6 3 2 7 7 25
009 2 5 6 3 6 22
Machine Repair 5 8 13
Total 5 8 8 8 10 13 8 60

Using the data above and the ledger below, compute Smith's total earnings for the week and a prepare the journal entry to distribute Smith's total earnings.

Account Debited
Factory Overhead
Expense
Regular Time and Double Regular Time and Double Gross Work In Overtime M & R
a half Time a half Time Earnings Process Premium
Sunday indirect
Monday direct
Tuesday direct
Wednesday direct
Thursday direct
Friday direct
Saturday indirect
Totals
Journal Entry
Factory Overhead
Work In Process
Payroll 0

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

Transfer Pricing Audits In China

Authors: J. Li, A. Paisey

2007th Edition

0230001963, 978-0230001961

More Books

Students also viewed these Accounting questions

Question

4. How is culture a contested site?

Answered: 1 week ago