. An industry employees 450 workers during the month of Decemcber 2019.The following are the details of Expenditure as follows .Cost of material=$ 86000, Rate of wages for each employee = $ 3 per hour of normal duty and $ 6per hour of overtime duty. Man hours per day of normal duty = 8 hours. Number of holidays per month (with out wages)=6 days. Total over head expenses = $ 23000.The workers were paid overtime for 375 hours. Calculate (i) Total cost/month (ii) Man hour rate on costs …..
. An industry employees 450 workers during the month of Decemcber 2019.The following are the details of Expenditure as follows .Cost of material=$ 86000, Rate of wages for each employee = $ 3 per hour of normal duty and $ 6per hour of overtime duty. Man hours per day of normal duty = 8 hours. Number of holidays per month (with out wages)=6 days. Total over head expenses = $ 23000.The workers were paid overtime for 375 hours. Calculate (i) Total cost/month (ii) Man hour rate on costs …..
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1. An industry employees 450 workers during the month of Decemcber 2019.The following are
the details of Expenditure as follows .Cost of material=$ 86000, Rate of wages for each employee =
$ 3 per hour of normal duty and $ 6per hour of overtime duty. Man hours per day of normal duty
= 8 hours. Number of holidays per month (with out wages)=6 days. Total over head expenses = $
23000.The workers were paid overtime for 375 hours.
Calculate (i) Total cost/month (ii) Man hour rate on costs …..
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