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The following selected information is available for the payroll computations of a company for the month of November 2021: Name of the Employee Gross
The following selected information is available for the payroll computations of a company for the month of November 2021: Name of the Employee Gross Payroll for the month Elvira Robles Gloria Oliveros Maridel Gonzales P45,000 30,500 28,000 25,000 Mayet Balbarino A. Determine the amount debited to Factory Overhead Control for the employer's contribution. [Ans: P11,268.75] B. Determine the net pay for the month. [Ans: P113,264.68] The Integrity Company estimates that it will need 36,000 units of Materials X next year, at a cost of P20 per unit. The estimated carrying cost is 10% of average inventory investment, and the cost to place an order is calculated to be P40. A. Determine the reorder point if lead time is five (5) days and safety stock is 700 units. (Use 360 days) [Ans: 1,200] B. How much is the total ordering cost related with the economic order quantity? [Ans: 1,200]
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