e 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

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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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
  2. What amount should be charged to work in process?
  3. What amount should be charged to factory overhead control?

 

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