Question

Payroll details for Gascoyne (NSW) Pty Ltd for September 2018 are as follows:


Factory:


Wages at ordinary hourly rates
25,992

Wages for overtime (time and one-half)
2,916

Salary (Supervisor)
4,835

Annual leave paid
1,607

Administration wages and salaries
16,350

Total gross
51,700

PAYG tax withholding
11,260

Medical fund deductions
1,200


The company reduces the appropriate provision for any leavepaid.
Analysis of time sheets shows 1,290 hours chargeable to jobs for the month. Factory overtime premiums are not chargeable to jobs. All factory wage employees are paid $18 per hour for ordinarytime.
The company's superannuation guarantee liability for the month is$4,550.
Workers' compensation insurance of $18,600 was paid on 1 August 2018 for the year.
There were no accrued wages and salaries at 1September.

Using Excel or a financial software system
Prepare entries in general journal form to record the gross wages and salaries and payment of net pays forSeptember.
Calculate direct and indirect labour cost for the month. Show allworkings.
Prepare the general journal entry to account for the factory pays as direct and indirectlabour.
Prepare entries in general journal form to record the incurrence of the other labour related costs forSeptember.

Answer 1

Explanation:

sorry this is not in my syllabus