Accounting entries of overtime wages in engineering department
Borrow: management fee (service provided by management department)
Sales expenses (providing services for the sales department)
Production cost-auxiliary production cost (serving basic production)
Manufacturing expenses (used to produce products and provide services)
Construction in progress (providing services for fixed assets or simple buildings)
Loan: wages payable to employees.
How much is the management fee?
Management expenses refer to various expenses incurred by the administrative department of an enterprise for organizing and managing production and business activities. The specific items include: company funds, staff education funds, business entertainment expenses, taxes, technology transfer fees, amortization of intangible assets, consulting fees, litigation fees, amortization of start-up expenses, management fees paid to superiors, labor insurance premiums, unemployment insurance premiums, board members' fees, audit fees for financial reports, start-up expenses incurred during the preparation period and other management expenses.
How much is the sales fee?
Sales expenses refer to the expenses incurred by an enterprise in the sales process. It mainly includes insurance premium, packaging fee, exhibition fee and advertising fee, commodity maintenance fee, expected loss of product quality assurance, transportation fee, loading and unloading fee, as well as personnel salary, business fee, depreciation fee and other operating expenses of the sales organization specially established for selling the goods of this enterprise.
What is the salary payable to employees?
Salary payable to employees refers to various forms of remuneration or compensation given by enterprises in order to obtain services provided by employees or terminate labor relations. Employee compensation includes short-term salary, post-employment benefits, dismissal benefits and other long-term employee benefits.