CHAPTER 5-cost

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CHAPTER 5 Multiple Choices – Theoretical 1. c 6. a 2. b 7. a 3. a 8. a 4. a 9. d 5. a 10. a Multiple Choices – Computational 1. (a) Regular pay (46 hours x P45) P2,070 Overtime pay (6 hours x P22.50) 135 Gross earnings P2,205 2. (a) Regular pay (42 hours x P40) P1,680.00 Overtime pay (2 hours x P20) 40.00 Gross earnings 1,720.00 Deductions: Withholding tax (3%) P51.60 SSS contributions (2%) 34.40 Phil. Health contributions (1%) 17.20 Pag-ibig contributions (1%) 17.20 120.40 Net pay P1,599.60 3. (b) Regular pay (50 hours x P180) P9,000.00 Overtime pay (10 hours x P90) 900.00 1

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solutioon manual cost accounting chapter 5

Transcript of CHAPTER 5-cost

CHAPTER 5 Multiple Choices Theoretical1. c 6. a2. b 7. a3. a 8. a. a !. "5. a 1#. aMultiple Choices Co$putatio%al1. &a'Regular pay (46 hours x P45) P2,070Overtime pay (6 hours x P22.50)15(ross ear%i%)s P2*2#52. &a'Regular pay (42 hours x P40) P1,6!0.00Overtime pay (2 hours x P20)40.00"ross ear#i#gs 1,720.00$e%u&tio#s'(ithhol%i#g tax ()) P51.60*** &o#tri+utio#s (2)) 4.40Phil. ,ealth &o#tri+utio#s (1)) 17.20Pag-i+ig &o#tri+utio#s (1)) 17.20 120.40+et pa, P1*5!!.6#3. &b'Regular pay (50 hours x P1!0) P.,000.00Overtime pay (10 hours x P.0).00.00/harge to 0or1 i# pro&ess P.,.00.00. &a'Re)ular pa,* char)e to -or. i% process accou%t P!*###.##5. &b'2o#us pay 3(P1004P20)x40 hoursx4 0ee1s56507 P1,448a&atio# pay 3(P1004P20)x40 hoursx2)56507672Total char)e to Ma%u/acturi%) 01erhea" Co%trol P2*#166. &b'*P1*37. &"'*P67218. &"'"ross ear#i#gs P4,5609ess regular pay (!0 hours x P4!) ,!40Overtime pay720$ivi%e% +y overtime rate (P4! x 150))72Overtime hours10 Re)ular pa, &8#21#'3P64P*32#!. &"'2e#e:its P1,0.2.!0Overtime premium (P4,560-P4,20)240.00Char)e" to Ma%u/acturi%) 01erhea" Co%trol P1*332.8#1#. &b'2o#us (P14,.04 6 11.5 mos.) P1,2.68a&atio#3(P14,.04x;)611.5 mos.564!Pe#sio#(P2,070 6 12)1!0%mi#istrative expe#ses 1!,000=a&tory Payroll 1!,000