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When factory payroll for indirect labor is assigned, the "Factory Overhead" account is debited. This reflects the allocation of labor costs that are not directly associated with the production of goods but are necessary for the manufacturing process. Correspondingly, the "Cash" or "Wages Payable" account would be credited to recognize the payment or obligation for those labor costs.
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Give a list of factory overhead?
insurance of factory depreciation of factory janitorial service of factory superintendent costs quality control amortization of patents uncollectible accounts expense factory utilities indirect materials indirect labor factory supervisor payroll contribution of factory repairs and maintenance of factory real property taxes tools used and more....
What is the difference between direct and indirect payroll?
Indirect payroll is when an out side company issues a check and book keeping ...Direct payroll is when the company you work for prints it's checks and does internal book keeping ...
Is payroll tax an indirect tax?
Payroll tax is generally considered a direct tax because it is levied directly on an individual's income or wages. Unlike indirect taxes, which are imposed on goods and services and can be passed on to consumers (like sales tax or VAT), payroll taxes are deducted directly from an employee's paycheck. These taxes fund programs like Social Security and Medicare in the United States.
What are the role of overhead analysis sheet?
it's used by a manufacturer to record what is not possible to be recorded on the job cost sheet. Such as indirect labor, indirect material, payroll taxes, depreciation,.. and so on.
What is FedEx payroll number?
The FedEx payroll number is a unique identifier assigned to employees for payroll and tax purposes. It is typically used to access pay stubs, manage benefits, and for other HR-related functions. If you need your specific payroll number, you can find it on your pay stub or by contacting your HR department.
Give a list of factory overhead?
insurance of factory depreciation of factory janitorial service of factory superintendent costs quality control amortization of patents uncollectible accounts expense factory utilities indirect materials indirect labor factory supervisor payroll contribution of factory repairs and maintenance of factory real property taxes tools used and more....
What is the difference between direct and indirect payroll?
Indirect payroll is when an out side company issues a check and book keeping ...Direct payroll is when the company you work for prints it's checks and does internal book keeping ...
Is payroll tax an indirect tax?
Payroll tax is generally considered a direct tax because it is levied directly on an individual's income or wages. Unlike indirect taxes, which are imposed on goods and services and can be passed on to consumers (like sales tax or VAT), payroll taxes are deducted directly from an employee's paycheck. These taxes fund programs like Social Security and Medicare in the United States.
What are the role of overhead analysis sheet?
it's used by a manufacturer to record what is not possible to be recorded on the job cost sheet. Such as indirect labor, indirect material, payroll taxes, depreciation,.. and so on.
What is FedEx payroll number?
The FedEx payroll number is a unique identifier assigned to employees for payroll and tax purposes. It is typically used to access pay stubs, manage benefits, and for other HR-related functions. If you need your specific payroll number, you can find it on your pay stub or by contacting your HR department.
To which account in the chart of accounts should Advance EIC Payments be assigned?
EIC is a payroll liability account, just like your other p/r liabilities.
What are the differences between direct costs and indirect costs give an example of each?
Direct costs are costs specifically tied to objects, like raw materials or equipment. Indirect costs affect the company as a whole, not attached to an 'object', and include things like advertisement, payroll, and depreciation of equipment.
What are the indirect taxes?
A tax that is not assessed on and collected from those who are intended to bear it. Unlike a direct tax,it cannot take individual circumstances into account. Although levied on producers, the burden of an indirect tax may be 'shift' to consumers. Ex: value added tax, sales tax, payroll tax and excise duties.
What is ADP Tax ID number?
An ADP Tax ID number refers to the unique identification number assigned to a business by ADP (Automatic Data Processing) for payroll and tax-related services. This number is used to manage payroll tax filings, employee tax withholding, and various compliance requirements. It is essential for businesses that outsource their payroll processing to ADP, ensuring accurate reporting and payment of taxes.
What is employers PEN?
Employer's PEN, or Payroll Employer Number, is a unique identifier assigned to employers by tax authorities, such as the Canada Revenue Agency (CRA) in Canada. This number is used for various tax-related purposes, including reporting payroll deductions, remitting employee taxes, and ensuring compliance with labor regulations. It's essential for employers to have a PEN to manage their payroll responsibilities accurately and efficiently.
What is payroll signature?
A payroll signature is the authorized signature for payroll checks.
Paperless Payroll?
form_title=Paperless Payroll form_header=Go green with paperless payroll! Have you ever used a paperless payroll system before?= () Yes () No How many people are on your payroll?=_ Approximately how much is your payroll costs per week?=_ What is the payroll schedule?=_
