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PLEASE ANSWER ASAP! Lucas Company employs 10 factory workers with wage rate of Php50 per hour under the 40-hour week basis. Overtime pay is 125%
PLEASE ANSWER ASAP!
Lucas Company employs 10 factory workers with wage rate of Php50 per hour under the 40-hour week basis. Overtime pay is 125% of basic pay. 5 workers rendered 45 hours each during the week ending July 15, while the other 5 were assigned to night shift and rendered 40 hours each. The company policy is to add 10% of basic to night shift premium. Compute the amount to be debited to work-in-process and factory overhead to summarize the weekly payrollStep by Step Solution
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