Q1. WTA Manufacturing Company operates on a modified wage plan. During one week's operation, the following direct labor costs were incurred: (5 marks) Piece Rate Employee per 100 Units Units Completed J. Jankovic M. Sharapova $1.20 1.10 S. Williams 1.30 M T W T F 6,800 7,100 6,500 8,000 4,800 6,300 6,400 2,900 2,800 7,000 6,200 6,100 7,100 6,000 2,800 The employees are machine operators. Piece rates vary with the kind of product being produced. A minimum of $70 per day is guaranteed each employee by union contract. Required: 1. Compute the weekly earnings for Jankovic, Sharapova, and Williams. 2. Prepare journal entries to: a) Record the week's payroll, assuming that none of the employees has achieved the maximum base wage for FICA taxes. Assume that the employee income tax is 10%. b) Record payment of the payroll. c) Record the employer's share of payroll taxes, assuming that none of the employees has achieved the maximum. base wage for FICA or unemployment taxes.