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Mac1 Chapter 8 PDF
Mac1 Chapter 8 PDF
TRUE/FALSE
1. True 6. False
2. False 7. True
3. False 8. True
4. False 9. True
5. False 10. True
CHARGED TO FOC
Other factory costs P 16,800
Overtime 6,000
Total P 22,800 x 1/3
X 2/3
Problem 2
No. Regular OT Overtime Total
Employee Hrs Rate Pay Hours Rate Premium Pay
Austria 42 36.00 1,512 2 18.00 36.00 1,548
Bautista 43 36.00 1,548 3 18.00 54.00 1,602
DeSantos 44 45.00 1,980 4 22.50 90.00 2,070
Motus 40 30.00 1,200 - - - -
Reyes 40 30.00 1,200 - - -__ -___
TOTAL 7,440 180.00 7,620
b)
1. Payroll 7,620
Accrued payroll 7,620
Continuation
Employee Total SSS W/holding Phil. Pag- Total Net
Pay Prem. Tax Health ibig Deduct Pay
Castro 1,720.00 250.00 681.28 87.50 100.00 1,118.78 601.22
Ardina 2,375.00 333.30 614.53 112.50 100.00 1,160.33 1214.67
Briones 2,080.00 283.30 840.93 100.00 100.00 1,324.23 755.77
David 2,080.00 283.30 865.33 100.00 100.00 1,348.63 731.37
Fajardo 1,900.00 266.70 603.38 87.50 100.00 1,057.58 842.42
Tomas 1,720.00 250.00 461.38 87.50 100.00 898.88 821.12
Villas 1,600.00 233.30 438.28 75.00 100.00 846.58 753.42
TOTAL 13,475.00 1899.90 4,505.11 650.00 700.00 7,755.01 5719.99
Castro
Total pay (5,600 + 1,720) 7,320
( 4,167) - - 208.33
3,153 x 15% - 472,95
681.28
Ardina
Total pay (7,500 + 2,375) 9,875
( 7,167) 208.33
2,708 x 15% 406.20
614.53
Briones
Total pay (6,500 + 2,080) 8,580
(7,917) 708.33
663 x 20% 132,60
840.93
David
Total pay (6,200 + 2,080) 8,280
( 7,500) 708.33
780 x 20% 156.00
864.33
Fajardo
Total pay (5,900 +1,900) 7,800
( 5,167) 208.33
2,633 x 15% 394.95
603.38
Tomas
Total pay (5,800 + 1,720) 7,520
( 5,833) 208.33
1,687 x 15% 253.05
461.38
Villas
Total pay (5,200 + 1,600) 6,800
(5,267) 208.33
1,533) x 15% 229.95
438.28
2. Payroll 13,475.00
W/holding tax payable 4,505.11
SSS Premiums payable 1,899.90
Phil Health Contributions payable 650.00
Pag-ibig funds contributions payable 700.00
Accrued payroll 5,719.99
Accrued payroll 5,719.99
Cash 5,719.99
MULTILE CHOICE
1. b 6. a 11. b
2. b 7. d 12. c`
3. a 8. d 13. 692,500
4. b. 9. a 14. d
5. a 10. c