Solve and show solution

124 Chapter 3 - Accounting for Factory Labor 7. Determine the amount of total payroll and distribute the total payroll to Work in process and factory overhead. A factory employee is paid P45 per hour for a regular workweek of 40 hours. During the week ended June 21, the employee worked 50 hours and earned time and a half for overtime hours. 8. Compute for the amount debited to work in process. Sunshine Manufacturing Company just started its operation in this year. After its first three months of operations, Sunshine Manufacturing Company had the following data on its operation: > Cost of goods sold amounted to P540,000 Manufacturing costs were distributed as follows: 40% direct materials used; 30% direct labor; 30% factory overhead. > Work in process, March 31 was 10% of the total manufacturing costs Finished goods remaining in stock were 20% of the total cost of goods manufactured. 12. Compute for the amount of direct labor costs incurred for the period. The cost of goods manufactured for the period is P450,000; Factory overhead is P150,000; Decrease in work in process inventory, P30,000. 13. Determine the amount of prime costs for the period. CS Scanned with CamScanner123 Chapter 3 - Accounting for Factory Labor Intel Company pays Its workers a basic rate of P58 per hour plus 10% premium for ordinary overtime plus 10% night premium. The regular working days is from Monday to Friday, Sam to 5pm. In the 1" week of August, Intel Company required 5 of its workers to work beyond ordinary working time one Friday. The 5 workers worked up to 11pm that Friday. bras s 4. Compute for the total earnings of the 5 workers for the day, Friday, and determine the amount charged to factory overhead. HP Company generated the following data for the year just ended: Total manufacturing costs P10M Cost of goods manufactured P10,250,000 Overhead applied based on direct labor costs 75% Overhead applied based on total manufacturing costs 27% 5. Determine the amount of labor charged to work in process account. Betty La Fea Company reported the following for the year just ended: Beginning inventories: Raw Materials P450,000 Work in Process 560,000 Finished Goods 900,000 Ending Inventories: Raw Materials P600,000 Work in Process 760,000 Finishehd Goods 1,040,000 Goods Manufactured P6,800,000 Raw material purchases P2,650,000 Overhead applied 50% of DLC 6. Compute for the prime costs for the year just ended. Sharp Enterprises operates its factory on a two-shift basis and pays a late shift differential of 15 percent above the regular wage rate of P60 per hour. The company also pays a premium of 30 percent for overtime work. During the year, work occurred in the following categories: Number of hours worked during the regular shift 10,000 Number of overtime hours for regular shift workers 300 Number of hours worked during the late shift 6,000 CS Scanned with CamScanner