Exam 3: Accounting for Labor

Under a modified wage plan, Jim Phillips works an eight-hour day and earns $.50 for each finished unit he produces in excess of 200 units. However, he is guaranteed $12.50 per hour as a minimum wage. His production this week was a follows: What were Jim's total earnings this week?

All of the following personnel would be classified as indirect labor except the:

The Tidle Manufacturing Company uses a job order cost system. Factory wages are paid on a straight hourly basis with indirect labor getting $8.50 an hour and direct labor getting $10.00 an hour. During the week of January 7, the following hours were worked: Salaries and wages are paid weekly, with administrative salaries totaling $16,500 and salesperson's salaries totaling $12,200. The following deductions are to be considered: Prepare journal entries to record: a.The payroll. b.The payment of the payroll. c.The payroll distribution. d.The employer's payroll tax expense.

Western Industries pays employees on a weekly basis on Tuesday for the week ended the previous Friday. Employees' compensation is earned evenly each day over a 5-day work week. This year, April 30 fell on Thursday. Payroll costs for the week ended May 1 follow: Excluding payroll taxes, what amount should be accrued to the payroll account for the period ended April 30?

At a plant where car doors were manufactured, all of the following would be classified as direct labor except:

Western Industries pays employees on a weekly basis on Tuesday for the week ended the previous Friday. Employees' compensation is earned evenly each day over a 5-day work week. This year, April 30 fell on Thursday. Payroll costs for the week ended May 1 follow: Excluding payroll taxes, how much of the accrued payroll at April 30 should be charged to Factory Overhead?

All of the following are characteristics of hourly wage plans except:

Daktari Enterprises' Schedule of Earnings and Payroll Taxes for April is as follows: Assuming overhead is a result of the random scheduling of jobs, the entry to record and distribute the employer's payroll taxes would include:

Wage plans that encourage employees to work harder and earn more by producing a high level of output are known as:

The payroll summary for EVB Inc. for the period August 3 - 10 is as follows: The entry to record the payment of earnings to the employees would include:

Under a modified wage plan, an employee working an eight-hour day earns $.40 for each finished unit and is guaranteed $20 per hour as a minimum wage. At what level should the daily quota be set?

Which of the following items relating to direct labor employees might be charged to specific jobs in work in process rather than factory overhead?

The file for each factory employee that shows the time the employee spent on each job, as well as time spent as indirect labor is the:

Toshlin issues financial statements June 30th. If payroll was $30,000 through June 30th and wages were to be paid on July 5, what is the correct journal entry on June 30th? Assume FIT = 15%, FICA = 8%, SUTA = 6%, FUTA = 1%,

Of the following taxes, the only one that the employer pays in entirety is:

Idle time should be treated as follows:

Joel Williams works at Allentown Company where he assembles components for small appliances and earns $16 per hour with "time-an-a-half" for overtime. During the week ended July 25, Joel worked 43 hours as follows: The amount of Joel's wages that will be charged to the Work in Process account, assuming that the overtime worked was due to a rush order on the FASB job is:

The Dehl Company payroll for the first week in January was $12,000. The amount of income tax withheld was 12 percent and the FICA, state unemployment, and federal unemployment tax rates were 8 percent, 5 percent, and 1 percent, respectively. The amount of the employees' withholding taxes are:

The file that serves as a basis for reporting payroll information to governmental agencies and preparing Form W-2 is the:

The entry made in November to reverse the entry that was made to accrue October payroll would be: