Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The management of CE requires a wages control account to determine the gross salaries and wages for the 1 0 employees working in the company.

The management of CE requires a wages control account to determine the gross salaries and wages for the 10 employees working in the company.
The following information is extracted from a weekly payroll for the 10 employees:
(i)7 em oyees are involved in marketing and sales department while 3 of them are in logis. S and procurement department.
(ii) Employees are paid K 70 per hour and were paid for the 8 hours worked for 24 days in a month.
(iii)The employees worked extra 10 hours during the month as overtime and were paid at time and a quarter.
(iv)Employees receive a bonus of K1,200 each for achieving 90% of projected sales for the month.
(v) Transport allowance totaling K11,750 was paid.
(vi)15 idle time hours were recorded.
(c) Prepare the wages control account for the month of May 2024
(12 marks)
[Total 50 marks]
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions