Solution-What is the total liability for bonus

What is the total liability for bonus

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Reference no: EM132567396

Question 1: Ms. Se Ri, a production worker earns P14,904 a month, and the company pays one month's salary as bonus at the end of the year. Ms. Se Ri is also entitled to a half month paid vacation. The company also pays P2,070 a year into a pension fund of the worker. All labor-related fringe benefits of production workers are treated as manufacturing overhead. Bonus, vacation pay, and pension costs are charged to production during the 11 % months the employee is at work. What is the total liability for bonus, vacation and pension?

Option 1: P2,484

Option 2: P2,124

Option 3: P1.206

Option 4: P2.540

Reference no: EM132567396

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What is the total liability for bonus

Reference no: EM132567396

Reference no: EM132567396

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