The Norman Company recently adopted an incentive plan. Factory workers are paid P7.50 per unit with a guaranteed minimum wage of P2,000 per week. Following is a report on employee’s productivity for the week ending May 19, 2019. All employees worked the full 40-hour week. WEEKLY SUMMARY Employee's Name Units ProducedCruz R. Cruz 240 J. Briones 286 C. David 275 A. Mendoze 240 F. Rivera 225 R. Tolentino 285 Required: 1.Compute each employee’s gross pay Work in Process Factory Overhead Control Employee’s Name Units Produced Piece Rate Total Pay Guaranteed Wage Difference (FOC) Total Gross Pay R. Cruz J. Briones C. David A. Mendoze F. Rivera R. Tolentino Total
PROBLEM:
The Norman Company recently adopted an incentive plan. Factory workers are paid P7.50 per unit with a guaranteed minimum wage of P2,000 per week. Following is a report on employee’s productivity for the week ending May 19, 2019. All employees worked the full 40-hour week.
WEEKLY SUMMARY
Employee's Name Units ProducedCruz
R. Cruz 240
J. Briones 286
C. David 275
A. Mendoze 240
F. Rivera 225
R. Tolentino 285
Required:
1.Compute each employee’s gross pay
- Work in Process
- Factory
Overhead Control
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Employee’s Name |
Units Produced |
Piece Rate |
Total Pay |
Guaranteed Wage |
Difference (FOC) |
Total Gross Pay |
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R. Cruz |
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J. Briones |
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C. David |
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A. Mendoze |
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F. Rivera |
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R. Tolentino |
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Total |
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