Documente Academic
Documente Profesional
Documente Cultură
CHAPTER 5
1. c 6. a
2. b 7. a
3. a 8. a
4. a 9. d
5. a 10. a
1. (a)
2. (a)
3. (b)
4. (a)
5. (b)
6. (b), P1,344
7. (d), P672
2
8. (d)
9. (d)
Benefits P1,092.80
Overtime premium (P4,560 - P4,320) 240.00
Charged to Manufacturing Overhead Control P1,332.80
10. (b)
PROBLEMS
Problem 5-1
Problem 5-2
Problem 5-3
Problem 5-4
Problem 5-5
Problem 5-6
Problem 5-7
Problem 5-8
Problem 5-9
(1)
E a r n i n g s D e d u c t i o n s
Emplo Regula Overti Gross With. Phil. Pag- Net
yee r me Earnin Tax SSS Health Ibig Others Amoun
Earnin Premiu gs t
gs m
Reyes 560.00 - 560.00 84.00 34.72 8.40 8.40 10.00 422.88
Santos 1,196.0 78.00 1,274.0 191.10 78.99 19.11 19.11 10.00 955.69
0 0
Manalo 752.50 26.25 778.75 116.81 48.28 11.68 11.68 10.00 580.30
Cruz 442.90 15.45 458.35 68.75 28.42 6.88 6.88 10.00 337.42
Sanche 382.50 21.25 403.75 60.56 25.03 6.06 6.06 10.00 296.04
z
Webb 920.00 - 920.00 138.00 57.04 13.80 13.80 10.00 687.36
4,253.9 140.95 4,394.8 659.23 272.48 65.92 65.92 60.00 3,271.3
0 5 0
7
Problem 5-10
Problem 5-11
(4) The balance of the Factory Payroll account if any represents the amount
of factory wages earned and charged to production but unpaid at the
end of the month. The balance is shown the balance sheet under the
current liability section.
Problem 5-12
Problem 5-13
2010
Sept. 15: Factory payroll 32.500
SSS contribution payable 2,015
Phil. Health contribution payable 487
9
Problem 5-14
10
POST DR.
DATE EXPLANATIO REF. DEBIT CREDIT BALANCE CR.
N
2010
SEPT. 30 J9-33 50,171.00 50,171.00 Dr.
POST DR.
DATE EXPLANATIO REF. DEBIT CREDIT BALANCE CR.
N
2010
SEPT. 30 J9-34 4,961.99 4,961.99 Cr.
POST DR.
DATE EXPLANATIO REF. DEBIT CREDIT BALANCE CR.
N
2010
SEPT. 30 J9-34 1,200.48 1,200.48 Cr.
No. 212
POST DR.
DATE EXPLANATIO REF. DEBIT CREDIT BALANCE CR.
N
2010
SEPT. 30 J9-34 385.45 385.45 Cr.
POST DR.
DATE EXPLANATIO REF. DEBIT CREDIT BALANCE CR.
N
2010
SEPT. 30 J9-34 1,431.35 1,431.35 Cr.
POST DR.
DATE EXPLANATIO REF. DEBIT CREDIT BALANCE CR.
N
2010
SEPT. 1 Balance 8,930.00 Cr.
2 WP 13,740.00 4,810.00 Dr.
9 WP 16,190.00 21,000.00 Dr.
15 WP 7,320.00 28,320.00 Dr.
16 WP 14,950.00 43,270.00 Dr.
23 WP 15,130.00 58,400.00 Dr.
30 WP 14.124.00 72,524.00 Dr.
30 SP 7,508.00 80,032.00 Dr.
30 J9-33 80,032.00 -0-
15
POST DR.
DATE EXPLANATIO REF. DEBIT CREDIT BALANCE CR.
N
2010
SEPT. 30 J9-33 29,861.00 29,861.00 Dr.
30 7,979.27 37,840.27 Dr.
DOLLS, INC.
Summary of Factory Wages
September 2010
Summary
Direct Labor 50,171.00
Indirect Labor 29,861.00
Total 80,032.00
GENERAL JOURNAL
ACCT
DATE ACCOUNT NO. RE DEBIT CREDIT
F
16
2010
Seot. 30 Work in process 122 50,171.00
Manufacturing overhead 501 29,861.00
control
Factory payroll 500 80,032.00
To record labor cost
distribution.
Requirement 12:
Requirement 13:
Requirement 14: