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Ass. CAC Chapter 9

This document contains solutions to accounting problems. It shows how direct costs and factory overhead costs are allocated to jobs 401 and 402. It also includes payroll calculations for factory workers, showing regular pay, overtime hours and pay. Finally, it addresses solutions for a piece rate payroll system, calculating total guaranteed wages versus piece rates earned.

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Jea Ann Cariñoza
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45 views3 pages

Ass. CAC Chapter 9

This document contains solutions to accounting problems. It shows how direct costs and factory overhead costs are allocated to jobs 401 and 402. It also includes payroll calculations for factory workers, showing regular pay, overtime hours and pay. Finally, it addresses solutions for a piece rate payroll system, calculating total guaranteed wages versus piece rates earned.

Uploaded by

Jea Ann Cariñoza
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Carinoza Jea Ann B

BSA-2

1. Solution:
A.) 1. CHARGED TO THE JOB
2. CHARGED TO FACTORY OVERHEAD CONTROL

CHARGED TO JOB CHARGED TO FOC


JOB 401 JOB 402 JOB 401 JOB 402
Direct Materials 28,000 37,000 28,000 37,000
Direct Labor 18,000 23,000 18,000 23,000
Factory Overhead 5,600 11,200 7,600 15,200
Overtime 6,000
Total 51,600 77,200 53,600 75,200

16,800 × 1/3 = 5,600


16,800 × 2/3 = 11,200
16,800 + 6,000 × 1/3 = 7,600
16,800 + 6,000 × 2/3 = 15,200

CHARGED TO FOC
Other Factory Cost 16,800
Overtime 6,000
22,800

2. Solutions
No. Regular OT
Employee Rate
Hrs Pay Hours
Austria, B. 42 36.00 1,512 2
Bautista, D. 43 36.00 1,548 3
DeSantos, M. 44 45.00 1,980 4
Motus, R. 40 30.00 1,200 -
Reyes, A. 40 30.00 1,200 -
Total 7,440.00

1.) Payroll 7,620


Accrued Payroll 7,620

2.) Accrued Payroll 7,620


Cash 7,620

3.) Work in Process ( 1,512 + 1,548 + 1,980) 5,040


Factory Overhead Control (1,200 + 1,200 + 180) 2,580
Payroll
3. Solutions
Guaranteed Total
Employee Total Pay - Piece Rate Deficiency
Wage Payroll
R. Cruz 2,000 (240 × 7.50) 1,800 200 2,000
J. Briones 2,000 (286 × 7.50) 2,145 - 2,145
C. David 2,000 (275 × 7.50) 2,062.50 - 2,062.50
A. Mendoze 2,000 (240 × 7.50) 1,800 200 2,000
F. Rivera 2,000 (225 × 7.50) 1,687.50 312.50 2,000
R. Tolentino 2,000 (285 × 7.50) 2,137.50 - 2,137.50
Total 12,000 11,632 713 12,345.00

2.) Charged to Work in Process 11,632

3.) Charged to Factory Overhead Account 712.50 or 713


Overtime Total
Rate
Premium Pay
18.00 36.00 1,548
18.00 54.00 1,602
22.50 90.00 2,070
- - -
- - -
180.00 7,620.00

7,620

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