Twenty (20) workers, paid at a wage rate of P70.00 per hour, worked 40 hours each, entirely on Job #60 during the past week. Eight(8) other workers, who are paid at a wage rate of P75.00 per hour, spent half of their 40-hours on Job #60 and the other half of their time on Job #61. In addition, a part-timer, worked on Job #60 for 16 hours at P65 per hour. Salaries for supervisors and maintenance personnel related to Job #60 and #61 amounted to P15,000. Idle time showed 15 hours at P70 per hour, not traceable to any job.
Twenty (20) workers, paid at a wage rate of P70.00 per hour, worked 40 hours each, entirely on Job #60 during the past week. Eight(8) other workers, who are paid at a wage rate of P75.00 per hour, spent half of their 40-hours on Job #60 and the other half of their time on Job #61. In addition, a part-timer, worked on Job #60 for 16 hours at P65 per hour. Salaries for supervisors and maintenance personnel related to Job #60 and #61 amounted to P15,000. Idle time showed 15 hours at P70 per hour, not traceable to any job.
Chapter2: Computing Wages And Salaries
Section: Chapter Questions
Problem 12PB
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20. Twenty (20) workers, paid at a wage rate of P70.00 per hour, worked 40 hours each, entirely on Job #60 during the past week. Eight(8) other workers, who are paid at a wage rate of P75.00 per hour, spent half of their 40-hours on Job #60 and the other half of their time on Job #61. In addition, a part-timer, worked on Job #60 for 16 hours at P65 per hour. Salaries for supervisors and maintenance personnel related to Job #60 and #61 amounted to P15,000. Idle time showed 15 hours at P70 per hour, not traceable to any job.
Assuming that payroll withholdings are ignored and Jobs #60 and #61 are the only jobs being performed, how much is debited to Work in Process Inventory?
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