Professional Documents
Culture Documents
Chapter 5
Chapter 5
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
Employe Regular Overtime Gross With. Phil. Pag- Net
e Earnings Premium Earnings Tax SSS Health Ibig Others Amount
Reyes 560.00 - 560.00 84.00 34.72 8.40 8.40 10.00 422.88
Santos 1,196.00 78.00 1,274.00 191.10 78.99 19.11 19.11 10.00 955.69
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
Sanchez 382.50 21.25 403.75 60.56 25.03 6.06 6.06 10.00 296.04
Webb 920.00 - 920.00 138.00 57.04 13.80 13.80 10.00 687.36
4,253.90 140.95 4,394.85 659.23 272.48 65.92 65.92 60.00 3,271.30
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.
8
Problem 5-12
Problem 5-13
2010
Sept. 15: Factory payroll 32.500
SSS contribution payable 2,015
Phil. Health contribution payable 487
Pag-ibig contribution payable 487
Withholding tax payable 4,900
Salaries and wages payable 24,611
To record factory payroll, Sept. 1-15.
Problem 5-14
POST DR.
DATE EXPLANATION REF. DEBIT CREDIT BALANCE CR.
2010
SEPT. 30 J9-33 50,171.00 50,171.00 Dr.
POST DR.
DATE EXPLANATION REF. DEBIT CREDIT BALANCE CR.
2010
SEPT. 30 J9-34 4,961.99 4,961.99 Cr.
POST DR.
DATE EXPLANATION REF. DEBIT CREDIT BALANCE CR.
2010
SEPT. 30 J9-34 1,200.48 1,200.48 Cr.
POST DR.
DATE EXPLANATION REF. DEBIT CREDIT BALANCE CR.
2010
SEPT. 30 J9-34 385.45 385.45 Cr.
13
POST DR.
DATE EXPLANATION REF. DEBIT CREDIT BALANCE CR.
2010
SEPT. 30 J9-34 1,431.35 1,431.35 Cr.
POST DR.
DATE EXPLANATION REF. DEBIT CREDIT BALANCE CR.
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-
POST DR.
DATE EXPLANATION REF. DEBIT CREDIT BALANCE CR.
2010
SEPT. 30 J9-33 29,861.00 29,861.00 Dr.
30 7,979.27 37,840.27 Dr.
14
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. REF DEBIT CREDIT
2010
Seot. 30 Work in process 122 √ 50,171.00
Manufacturing overhead control 501 √ 29,861.00
Factory payroll 500 √ 80,032.00
To record labor cost distribution.
Requirement 12:
Requirement 13:
Requirement 14: