ng the overtime premium and explain affect the cost of each job. b) Compute the cost of Job 401 and Job 402 under each of the two methods. Problem 2 A weekly payroll summary made from time tickets shows the following data: Exemption Status Employee Austria, B. Classification S Direct Number of Hours Rate/Hour Regular Overtime P 36 Bautista, D. 40 2 ME Direct 36 40 De Santos, M. ME-2 Direct 45 40 34 4 Motus, R. HF 4 Indirect 30 40 Reyes, A. HF Indirect 30 40 Overtime is payable at one-and-a-half times the regular rate of pay for an employee. Required a) Determine the net pay for each employee. b) Prepare journal entries for: 1. recording the payroll. 2. payment of the payroll. 3. distribution of the payroll. 4. the employer's payroll taxes. 2. what amount she be charged to work in process? 3. What amount should be charged to factory overhead control? Problem 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 Exemption Previous Trailer Trailer Trailer Trailer Trailer Employees Status Hours Earmings #1 #2 #3 #4 #5 Castro Ardina S ME3 45 7,500 42 P5600 all time spent supervising 10 10 10 10 5 Briones ME 48 6,500 24 24 David S Fajardo ME Tomas ME1 42 Villas ME 40 48 45 5,900 5,800 5,200 6.200 24 24 15 15 15 24 8 20 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.