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13 In the engineering works, the standard time for a job is 16 hours and the basic wage is Rs.6 per hours. A bonus scheme is instituted so that the worker is to receive his normal rate for hours actually worked and for half the hours saved. Materials for the job cost Rs.40 and the factory overhead is charged on a basis of

13 In the engineering works, the standard time for a job is 16 hours and the basic wage is Rs.6 per hours. A bonus scheme is instituted so that the worker is to receive his normal rate for hours actually worked and for half the hours saved. Materials for the job cost Rs.40 and the factory overhead is charged on a basis of

FINANCIAL ACCOUNTING
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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13 In the engineering works, the standard time for a job is 16 hours and the basic wage is Rs.6 per hours. A bonus scheme is instituted so that the worker is to receive his normal rate for hours actually worked and for half the hours saved. Materials for the job cost Rs.40 and the factory overhead is charged on a basis of
Transcribed Image Text:13 In the engineering works, the standard time for a job is 16 hours and the basic wage is Rs.6 per hours. A bonus scheme is instituted so that the worker is to receive his normal rate for hours actually worked and for half the hours saved. Materials for the job cost Rs.40 and the factory overhead is charged on a basis of
KRU(CASEM) - MODEL PAPERS Ds 4 per labour hour: Calculate the wages and the effective rate of earnings per hour if the job is completed (a) in 12 hours (b) 14 hours. (Or) ed from the books of Glayo Company for
Transcribed Image Text:KRU(CASEM) - MODEL PAPERS Ds 4 per labour hour: Calculate the wages and the effective rate of earnings per hour if the job is completed (a) in 12 hours (b) 14 hours. (Or) ed from the books of Glayo Company for
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