1.3REQUIREDCalculate the earnings of Amanda for the day using the straight piecework incentive scheme.INFORMATIONThe standard time to produce a product is 10 minutes. Amanda is paid R120 per hour and the normalworking day is 8 hours. If Amanda produces more than her quota, she receives 1.5 times the hourlyrate on the additional output. Amanda produced 54 units for the day.

First, we need to calculate the standard output per day. The standard time to produce a product is…

Answered: 1.3 REQUIRED Calculate the earnings of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Edgerron Company is able to produce two products, G and B, with the same machine in its factory. The following information is available.
(a) The following information relate to 4 employees A,B,C and D. EMPLOYEES. A B C D Actual hours worked 38 36 40 34 Hourly rate of pay K4500 K4320 K4,000 K6,000 Output in units XN 42 120 120 Y Z 72 92 76 270 50 Standard time allowed per unit x 6 minutes y - 9minutes z- 15 minutes Each minute earned is valued at K80 for piece work calculation. You are required to calculate for each employee his earnings using 1) Guaranteed hourly rates only addition to hourly pay. (4 Marks) 2) Piece work, but with earnings guaranteed at 75% of basic pay.(6 Marks) 3) Premium bonus in which the employee received two-thirds of time saved in (4 Marks) (b) B Limited had a staff of 1800 at the beginning of 2012 and owing to series of redundancies caused by the recession, 1200 at the end of the year. Voluntary redundancy was taken by 1500 staff, 300 more than the company anticipated. These excess redundancies were immediately replaced by new employees. (ii) Calculate labour turnover (2 Mark) In relation to…
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5
Lavada Kedavra's Mattress Cleaning Service can clean a total of 65 mattresses per month while consuming the following resources: Labor: 200 hours at Php 100 per labor hour Cleaning Materials: total of Php 1,000 Specialized Matress Vacuum rental: 20 days at Php 100 per day What is their estimated cost incurred per mattress cleaned in a month? O Php 308 O Php 292 O Php 354 O Php 369
Walter Pinkman assembles merchandise and is paid $0.11 for each unit assembled. During the most recent week, he worked 46 hours and assembled 5,628 units.Gross Pay = $ Sidney Darling is a telemarketer, who is paid $0.31 for every telemarketing call he places. During the most recent week, he worked 42 hours and placed 1,669 calls.Gross Pay = $
Rooney Small Engine Repair charges $44 per hour of labor. It has a material loading percentage of 38%. On a recent job replacing the engine of a riding lawnmower, Rooney worked 11.5 hours and used parts with a cost of $700. Calculate Rooney's total bill. Rooney's total bill $
please make sure the answer is correct 100%
The company produces three products namely pen , pencil and paper . The production and sales volume of pen is 15000 units, pencil is 12,000 units and paper is 10,000 units. Total annual overhead spent on delivery RO 55,000 . Number of deliveries for pen 23 , pencil 48 and paper 39. What is the delivery cost driver rate for the company? a . RO 500 b . RO 37,000 C. RO 110 d. RO 5,000
2
Sabre plc produces one product, the Delta. In one standard hour, 6 units of Delta should be made (i.e. one Delta every 10 minutes). Actual production for the period was 360 units. Actual hours worked to achieve this production amounted to 50 hours. The basic rate of pay is £14/hour. A bonus of 50% of the basic rate of pay is earned for every hour of production time saved. What is the labour cost for making 360 units of Delta? a) £840 b) £1,050 c) £770 d) £910
3. The guaranteed wage for the production of 25 units of chairs P 12,500 per day. Compute the gross pay if Anna finished 45 units?

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