SPSHT01_12 - COST AND MANAGEMENT ACCOUNTING 1 ASSIGNMENT #1...

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COST AND MANAGEMENT ACCOUNTING 1 ASSIGNMENT #1 – Labour Cost Entries in a Mfg. Business McCallum Company is currently using a computer package to do its payroll that is not integrated with its GL package. Therefore, you are asked to prepare a template that would prepare the payroll entries from a summary generated by the Payroll software (like the sample below for February, 2012). These entries will then be entered manually as input into the GL program as summary journal entries. The template should be generalized so that it can be used for any month. That is, the month in question should be treated as an input item. In order to prepare the template, we will use the data provided below (from the summary generated by the Payroll package for the month of February 2011) FEBRUARY 2012 Sun Mon Tues Wed Thu Fri Sat 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 MONTHLY PAYROLL SUMMARY PAYDAY DATE PAY WEEK ENDING DIRECT LABOUR INDIRECT LABOUR TOTAL GROSS PAY 02/02/12 28/01/12 $9,390 $3,450 $12,840 09/02/12
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SPSHT01_12 - COST AND MANAGEMENT ACCOUNTING 1 ASSIGNMENT #1...

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