Question

12. T, F. Modifies wage plan combines hour-rate and piece-rate plans. 13. T. F. Payroll functions include ensuring accuracy of employees credentials, computing employees wages or salaries, ensuring that all withholdings are accurately determined and ensuring that employees personal checks are available to them. 14. T, F. GRAVE-YARD Shift premiums for shop-floor workers will be debited to factory overhead cost as indirect cost. 15. T, F. Factory workers bonuses are usually charged to Direct Labor as part of their pay.

Answer 1

12. True

13. True

14. True

15.True

Workings

12. Some organizations follows a modified wage plan. This plan contains some features of hour rate plan and some charateristics of piece rate plan.

13. Payroll function relate to all activities including setting pay policies, collecting paryoll related data, calculating payroll and related taxes and disbursement.

14. Factory overheads are indirect cost and salary and bonuses paid to shop floor workers are treated as indirect costs.

15.Direct labor comprises of costs which are direct cost and salary and bonuses paid to factory workers are treated as direct costs.

Please hit LIKE button if this helped. For any further explanation, please put your query in comment, will get back to you.