FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The following information is taken from the payroll records of a
company.
Basic pay for basic hours
Overtime-basic pay
Overtime-premium
Training
Sick pay
Idle time
Direct
workers
$
43,000
10,000
5,000
2,500
750
1,200
Indirect
workers
S
17,000
4,500
2,250
1,250
250
0
Total
$
60,000
14,500
7,250
3,750
1,000
1,200
Required:
Using the information given, complete the labour account shown below:
Labour account
$
$
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Transcribed Image Text:The following information is taken from the payroll records of a company. Basic pay for basic hours Overtime-basic pay Overtime-premium Training Sick pay Idle time Direct workers $ 43,000 10,000 5,000 2,500 750 1,200 Indirect workers S 17,000 4,500 2,250 1,250 250 0 Total $ 60,000 14,500 7,250 3,750 1,000 1,200 Required: Using the information given, complete the labour account shown below: Labour account $ $
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