Problem 1. Complete the missing information in the payroll of Angara Manufacturing Co. for the...
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Accounting
Problem 1. Complete the missing information in the payroll of Angara Manufacturing Co. for the month of April 2022: | Factory Payroll: | |||||||||||||||
Employee No. | Employee Name | Regular Earnings | OT Premium | Gross Pay | Taxes W/Held | SSS | PHIC | Pag-IBIG | Total Deductions | Net Pay | SSS | EC | PHIC | Pag-IBIG | Total | |
21 | Aragon, T. | 18,750.00 | 450.00 | 19,200.00 | ||||||||||||
22 | Babon, R. | 17,760.00 | 187.50 | 17,947.50 | ||||||||||||
23 | Calda, S. | 15,570.00 | 320.00 | 15,890.00 | ||||||||||||
24 | Dalag, M. | 12,230.00 | 200.00 | 12,430.00 | ||||||||||||
25 | Egan, P. | 16,985.00 | 447.50 | 17,432.50 | ||||||||||||
26 | Fabron, L. | 10,225.00 | 228.50 | 10,453.50 |
Problem 2. The information below, taken from the daily time tickets of a producing department, summarizes time and piecework for the WEEK ended April 30, 2022. | ||||||||||||||||
Employee | Clock no. | Job no. | Hours worked | Units produced | Hourly rate | Piece rate | Weekly rate | |||||||||
Aura | 21 | 101 | 40 | 960 | 2.00 | |||||||||||
Baron | 22 | 201 | 39 | 950 | 1.50 | |||||||||||
Carrey | 23 | 301 | 40 | 965 | 1.75 | |||||||||||
Darren | 24 | 41 | 32.00 | |||||||||||||
Eronico | 25 | 43 | 29.50 | |||||||||||||
Farrah | 26 | 41 | 2,650.00 | |||||||||||||
Garra | 27 | 40 | 1,050.00 | |||||||||||||
Use ONLY the information below in your computations: | ||||||||||||||||
1. The company operates on a 40 hour week and pays time and 150% for overtime. | ||||||||||||||||
2. The income tax withheld is 5%; SSS rate is 4.5% for employees and 8.5% for employers; HDMF is 2% for both employees and employers; and PHIC is 3.5% for both employees and employers. | ||||||||||||||||
3. Darren works in the stockroom issuing materials; Eronico is the factory foreman. Farrah is the factory supervisor and Garra is the factory janitor. | ||||||||||||||||
Required: | ||||||||||||||||
a. Compute the net pay of the employees. Write your answer below: | ||||||||||||||||
Aura | ||||||||||||||||
Baron | ||||||||||||||||
Carrey | ||||||||||||||||
Darren | ||||||||||||||||
Eronico | ||||||||||||||||
Farrah | ||||||||||||||||
Garra | ||||||||||||||||
b. Determine the TOTAL amount to be charged to the following: | ||||||||||||||||
Work in process | ||||||||||||||||
FOH Control | ||||||||||||||||
c. Determine the TOTAL amount to be remitted to the following: | ||||||||||||||||
BIR | ||||||||||||||||
SSS | ||||||||||||||||
HDMF | ||||||||||||||||
PHIC |
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