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Ch3 Assignment: Multiple Choice & Problems

This document is a record of an assignment on payroll accounting concepts. It shows that the student answered 20 multiple choice questions correctly out of 20 questions. The assignment covered topics like types of employee deductions, classification of indirect labor costs, treatment of idle time, and different types of wage plans. It also included two short problems calculating make-up guarantees under a modified wage plan. The student received full marks and completed the assignment in 42 minutes.
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0% found this document useful (0 votes)
39 views8 pages

Ch3 Assignment: Multiple Choice & Problems

This document is a record of an assignment on payroll accounting concepts. It shows that the student answered 20 multiple choice questions correctly out of 20 questions. The assignment covered topics like types of employee deductions, classification of indirect labor costs, treatment of idle time, and different types of wage plans. It also included two short problems calculating make-up guarantees under a modified wage plan. The student received full marks and completed the assignment in 42 minutes.
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

3/13/22, 2:15 PM Assignment _ Ch3 - Multiple Choice theory and short problem : Denise Jade P.

JUNIO

 Correct answers are no longer available.

Score for this attempt: 20 out of 20


Submitted Mar 2 at 8:47pm
This attempt took 42 minutes.

Question 1 1 / 1 pts

Of the following employee deductions, the only one


that the employer has no share is is:

  SSS premium contribution 

  Philhealth contribution 

  withholding tax 

  PAG-IBIG contribution 

Question 2 1 / 1 pts

Wages of the following personnel would be classified


as indirect labor except the: 

  supervisor. 

  plant janitor. 

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3/13/22, 2:15 PM Assignment _ Ch3 - Multiple Choice theory and short problem : Denise Jade P. JUNIO

  painter. 

  fork lift driver. 

Question 3 1 / 1 pts

Which of the following items relating to direct labor


employees might be charged to specific jobs in work
in process rather than factory overhead?

  Shift premiums 

  Fringe benefits 

  Make-up guarantee 

  Idle time 

Question 4 1 / 1 pts

Which of the following would not be included on a


payroll record?

  
Amounts withheld from the employees’ earnings. 

  
Which jobs should be charged for the employees’
time.
 

  The employees’ gross earnings. 

  
The amount of overtime paid to the employees. 

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3/13/22, 2:15 PM Assignment _ Ch3 - Multiple Choice theory and short problem : Denise Jade P. JUNIO

Question 5 1 / 1 pts

If the amount of overtime premium is to be charged


to all jobs worked on during the period as a result of
random scheduling of jobs, the debit will be to:

  Factory Overhead. 

  Accrued Payroll. 

  Work in Process. 

  Payroll. 

Question 6 1 / 1 pts

How should idle time be accounted for?

  
It should be charged to the job from which the
employee took a break
 

  
It should be allocated to the various manufacturing
departments and the supervisors should decide
how to handle it.
 

  
It should be documented and the employee should
not be paid for that time.
 

  
It should be recorded along with the reason for it,
and charged to Factory Overhead.
 

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3/13/22, 2:15 PM Assignment _ Ch3 - Multiple Choice theory and short problem : Denise Jade P. JUNIO

Question 7 1 / 1 pts

A wage plan based solely on an employee's quantity


of production is known as a(n):

  Modified wage plan. 

  Hourly-rate plan. 

  Incentive wage plan. 

  Piece-rate plan. 

Question 8 1 / 1 pts

An accrued expense such as Wages Payable can


best be described as an amount:

  
Not paid and not currently matched with earnings. 

  Paid and not currently matched with earnings 

  Not paid and currently matched with earnings. 

  Paid and currently matched with earnings. 

Question 9 1 / 1 pts

At a plant where car doors are manufactured, all of


the following would be classified as direct
labor except:

  Machinists. 

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3/13/22, 2:15 PM Assignment _ Ch3 - Multiple Choice theory and short problem : Denise Jade P. JUNIO

  Painters. 

  Assembly workers. 

  Supervisor. 

Question 10 1 / 1 pts

An analysis of total labor costs into work in process


and factory overhead components is recorded on
a(n):

  Employee earnings record. 

  Payroll record. 

  Labor cost summary. 

  Individual production report. 

Question 11 2 / 2 pts

Under a modified wage plan, an employee earns


$1.55 for each finished unit and is guaranteed $18
per hour as a minimum wage.  If the daily quota is
96 units, on a particular day when an employee
completes 90 units and works 8 hours, the amount
of the make-up guarantee will be:

  $18.00 

  $9.00 

  $4.50 

  $13.50 

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3/13/22, 2:15 PM Assignment _ Ch3 - Multiple Choice theory and short problem : Denise Jade P. JUNIO

Question 12 2 / 2 pts

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:

Job XBRL 20.5 hours

Job FASB 14.5 hours

Idle time due to power outage 2.0 hours

Machine maintenance 6.0 hours

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:

  $680 

  $560 

  $584 

  $608 

Question 13 2 / 2 pts

An employee regularly earns $12 per hour for an 8-


hour day with time-and-a-half for overtime
hours.  Assuming that the employee works a 12-hour
day, the total amount of overtime premium is:
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3/13/22, 2:15 PM Assignment _ Ch3 - Multiple Choice theory and short problem : Denise Jade P. JUNIO

  $48 

  $24 

  $72 

  $6 

Question 14 2 / 2 pts

Martin Printing pays employees on a weekly basis


on Friday for the week ended the previous
Friday.  Employees’ compensation is earned evenly
each day over a 5-day work week.  This year, March
31 fell on Tuesday.  Payroll costs for the week ended
April 3 follow:

Non Factory:  

   Sales $ 28,200

   Administrative 34,500

  $ 62,700

Factory:  

   Direct labor $ 77,200

   Overtime premium 5,300

   Indirect labor 45,700

  $128,400

  $191,100

Excluding payroll taxes, what amount should be


accrued to the payroll account for the period ended
March 31?
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3/13/22, 2:15 PM Assignment _ Ch3 - Multiple Choice theory and short problem : Denise Jade P. JUNIO

  $191,100 

  $76,440 

  $51,360 

  $114,660 

Question 15 2 / 2 pts

Harrison Carter, who is classified as direct labor,


earns $800 per week and is entitled to two weeks of
vacation and 10 holidays each year.  How much
should be accrued for his vacation each week?

  $50.00 

  $48.00 

  $35.68 

  $32.00 

Quiz Score: 20 out of 20

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