2 Alex and Ben are employees of Zamry Sdn Bhd. The company uses a piece rate system to reward its workers. The straight piece rate is RMO.50 per unit of output. In Week 1, Alex produced 200 units whilst Ben produced 180 units. Required: Calculate the earnings for Alex and Ben.
Q: Suppose you are the HR manager of Anexta Inc. You have decided to reward your employees through…
A: Merit Based pay system is a method to provide incentives to employees above their salaries to…
Q: A crew includes 4 laborers paid $21.80 per hour and a supervisor paid $32.75 per hour. If the…
A: The labor burden is computed as the wages and additional expenses paid to an employee by a company.…
Q: ABC Company manufactures printers. For each unit, $3,400 of direct material is used and there is…
A: The income statement is one of the important financial statements of the business. The net profit is…
Q: Q3. Hatem Garment Industry workers produce T- Shirts. The three basic processes of garment…
A: The Merrick Differential Piece-Rate System seems to be a variation on Taylor's differential…
Q: akers nas col owing regarding its production process. Cost information gathered from March is…
A: The question is based on the concept of Cost Accounting. Variable cost is the cost that remains the…
Q: Vhager Company has two divisions Division A and Division B. Last month, the company's contribution…
A: Contribution margin: The difference between the sales and the variable costs is called contribution…
Q: 2. Rolling Hills Bistro produces one of the best sausage products in Tennessee. The company's…
A: The production cost of a product includes various cost like direct material, direct labour and…
Q: 2. The earnings from a sales representative position are called compensation. Based on the following…
A: Commission is an important source of revenue for the employees along with basic salary. This is…
Q: 1. Tom Winthrop estimated that the units in ending work in process inventory in the final…
A: Cost of Goods sold: It represents the cost attributable to the production of goods which are sold by…
Q: Example 2-24 Paul Fritz produced 3,073 pieces in a 44-hour workweek and is paid 18¾ cents for every…
A: Wages are paid to workers on various bases like piece rates and hourly basis. Piece rate earning…
Q: McBride and Associates employs two professional appraisers, each having a different specialty.…
A: PREDETERMINED OVERHEAD RATEPredetermined rate means an indirect cost rate.predetermined overhead…
Q: During the 1 week of April 2017 a worker Mr. Kalyan manufactured 30 articles. He received wage for…
A:
Q: Regen Ltd offers a service to those wishing to customise their luxury cars. The business has…
A: Using absorption costing, the total cost of job comprises of direct materials, direct labor and…
Q: Calculate the gross wages earned by each worker for the week 3 of April 2021
A: The calculation of gross wages earned by Monica, Rachel and Joey is shown hereunder : Monica and…
Q: Sampson Company operates a manufacturing facility where several products are made. Deach product is…
A: Following are the calculation of bonus on gross profit for 3 years:
Q: Huston Makena is the owner and CEO of H3 Solar Inc., a startup that makes and installs solar panels.…
A: Costs which are directly traceable to the cost object are known as direct costs.
Q: Based on the picture If the shop worked on 75 vehicles what is the operating leverage
A: Given, Price of servicing a vehicle (Sales) = $ 350 Contribution = Sales - variable cost…
Q: A company gives a quotation for a job which requires 85 kg of materials @ £9.30 per kg, 16 direct…
A: The quoted price includes total cost and the profit on cost. The cost includes all the direct and…
Q: he management wants you as an executive of the company to estimate the amount of total wages from…
A: Formula: Time saved = Actual hours - standard hours. Total wages = Wage per hour x number of hours…
Q: 8. Sam Rupp is a sales representative for Benton Computer Company. He is paid a commission of 6% on…
A: Sale (S) = $ 85,900 Commission rate up to $ 50,000 sale (C1) = 6% Commission rate over $ 50,000 sale…
Q: Compute the Bonus of each employee based on the number of customers. For example, webvchwv c (B9)…
A: The total bonus is calculated by multiplying the number of customers by the bonus per customer…
Q: Jessica has a job making baskets. Last week she made a total of 236 baskets. Calculate her gross pay…
A: Differential piecework payment method is that manner of payment to employees where the remuneration…
Q: You are the payroll manager for a women's apparel company. Your workers are paid per garment sewn on…
A: Given: Pay Level Garments Produced Rate per Garment 1 1—50 $2.60 2 51—100 $3.25 3 101—150…
Q: Return 4 Compute the mutifactor productivity measure for each of the weeks shown for production of…
A: The multifactor productivity is calculated to check the economic performance comparing the output…
Q: Family Fun Time, Inc. makes board games. The following data pertains to the last Direct Labor Hours…
A: Variable cost = ( Cost at highest activity - Cost at lowest activity ) / ( Highest activity - Lowest…
Q: SkiBlu, Ltd., divides its customers into Gold customers and Silver customers. The company has one…
A: Lets understand the basics.We are required to calculate which customer is more profitable for the…
Q: The management wants you as an executive of the company to estimate the amount of total wages from…
A:
Q: Direct labor 400,000 Indirect labor 180,000 Sales commissions 104,000 Administrative salaries…
A: Journal: Journal is considered as a book of original entry because all the transactions that have…
Q: Chou Computer Services provides services to corporate and individual customers. During the month of…
A: The objective of the question is to calculate the contribution margin ratios for the corporate and…
Q: Perfume Factory -Regular time 8 hours per day. - 4 hours as Overtime in 3 Months (Jan, Feb,…
A: Labor productivity per worker= Output per period/ No. of workers Calculation of output (for 3…
Q: 3) Popular Inc. produces and sells two products. During the most recent month, Pen's sales were…
A: The contribution margin is calculated as difference between sales and variable costs. CM = Sales -…
Q: Case 3: Support Group Too Much Motors' service department is organized using the support group…
A: The flat-rate payment method means to calculate wages on the job's completion i.e. a flat rate of…
Q: The details of employees and their production are given below; Time allowed Actual Production (per…
A: Name of Employee Time Rate Per Hour Hours Worked Time Allowed (per week) Hours allowed (per week)…
Q: Begin by preparing the projected income statement using the traditional format. (Round your answers…
A: Income statement is one of the financial statement which shows all incomes and all expenses of the…
Q: Arbor Company had the following transactions in June: Bought portable generators for $500 each Sold…
A: Income statement :— It is one of the financial statement that shows profitability, total revenue and…
Q: 9. Suppose that a company gives out $100 cach month for the employee who most follows lean…
A: Lean 7S principles are the 7 words which is used by management to improve the efficiency and…
Q: Case 3: Support Group Too Much Motors' service department is organized using the support group…
A: Labour pay is the concept through which labour are paid at pre determined rates per hour. Then the…
Q: Mechem Corporation produces and sells a single product. In April, the company sold 2,000 units. Its…
A: Variable Expense :— It is the expense that changes with change in units. It is constant in per unit…
Q: Ashby Associates is an architectural firm located in Barbados that has been in practice only a few…
A: One component of marketing strategy is cost leadership. It is challenging to implement, despite…
Q: INFORMATION Standard time allowed 10 minutes per unit Standard work day 8 hours Normal wage rate…
A: Taylor’s Differential Piece Rate System is an approach used to find out labor earnings based on…
Q: 1. Questions 1 to 5 relate to the following information: Medro & Mariana have been selling 300…
A: The question is multiple choice question Required Choose the Correct Option
Q: Read the case study provided below and answer the questions that follow. COMFYCHAIRS LIMITED…
A: Absorption costing, often known as "full costing," is a managerial accounting approach for gathering…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Please help meHow would I fill this out?Intricate Computer Solutions provides services to corporate and individual customers. During the month of June, the corporate business segment provided services to 400 customers and earned $60,000 in revenue. The individual business segment provided services to 200 customers and earned $35,000 in revenue. The variable costs for the corporate and individual business segments amounted to $33,000 and $25,300, respectively. Inaddition, the fixed costs of the company amounted to $8,000. Calculate the contribution margin from each corporate customer. (Round your answer to the nearest cent.)
- Q : 1 Calculate the labour “cost to company” of JP Mthembu for the week ended 13 July 2019.Q : 2 Suppose the expected labour cost of all the employees for the week was R150 000. It is possible that it may be reduced to R130 000 if overtime is avoided but due to productivity issues the cost could increase to R160 000.Calculate the expected labour cost using three-point cost estimating. INFORMATIONJP Mthembu is employed by Solar Manufacturers in Project P. The following are his wage details for the week ended 13 July 2019:Hours worked : Sunday - 4hoursMonday to Thursday - 8 hours:Friday - 9 hours:Saturday - 5 hoursPension fund: employee’s deduction - 7.5 of normal hoursPension fund: employer’s contribution - 9% of normal wagesUnemployment insurance fund: employee’s deduction - 1% of gross wageUnemployment insurance fund: employer’s contribution - 1% of gross wageRemuneration during normal working hours - R150 per hourNormal working week (Monday to Friday) - 8 hours per…Problem Number 4: Anoutfitproducer had the following transactions in its first month of processes relating to its only job, Job #A 012. a) Purchased 500 yards of silk @ Rs.8 per yard for cash. b) Requisitioned 300 yards of silk to produce Job #A 012. c) Incurred 50 hours of direct labor to produce Job #A 012; the average labor rate is Rs.9 per hour. d) Paid various factory overhead costs, Rs.650. e) Applied factory overhead at the rate of 145% of direct Material costs to Job #A 012. f) Completed Job #A 012. g) Sold Job #A 012, receiving cash of Rs.4,400. Required: 1. Record the above transactions in journal and close the FOH A/C 2. Enter the transactions in the T-accounts below. 3. Determine the ending balance of each account. 4. What was the gross profit earned on Job #A 012The manager of a crew that installs wood floors has tracked the crew’s output over the past several weeks. Each worker works 40 hours per week, and earns $21 per hour. The wholesale cost of lumber to the company is $6 per square foot, and the company charges its customers $15 per square foot of flooring installed. The firm’s overhead rate is 150%. Week Crew Size Lumber Used (sq. ft) Flooring Installed (sq ft) 1 4 480 420 2 2 250 238 a. Calculate labor productivity for each of the weeks shown. Use the best measure of output and labor available. b. Now calculate multifactor productivity for each of the weeks shown. Explain your results imply in terms of dollars of output
- Hi, I'm from the Philippines. Out topic is Accounting for Manufacturing Business. Can you help me with the accounting entries to be used in the following transactions?6. In April, Çergas Sdn. Bhd. received two jobs, JOB 123 and JOB 456. The following data relates to the two jobs. JOB 123 JOB 456 Direct material used: A (kg) 1,000 1,200 в (kg) 600 750 Direct labour: Skilled (hours) 500 600 Unskilled (hours) 280 300 Direct expenses (RM) 2,000 1,250 Expected profit 25% on selling price 20% on total cost Additional information: a. The cost of material is RM20 per kg and RM25 per kg for material A and material B respectively. b. The skilled labour is paid RM20 per hour, while the unskilled labour is paid RM10 per hour. c. The total production overhead RM47, 040 is charged to the two jobs based on direct labour hour. d. Administration overhead and selling overhead are charged to the jobs based on 5% and 10% production cost respectively. Required: Prepare the Job Cost Sheet for each job: i.JOB 123 ii.JOB 456Q3. Hatem Garment Industry workers produce T- Shirts. The three basic processes of garment production are cutting, sewing and pressing. According to the Labour department there are 5 sewing operator, 10 cutting operators and 8 pressing operators. the Standard rate per hour for operators is OMR 8, Normal rate per unit is OMR 1.5, Working hours per day are 8 hours, Standard Output per hour is 90 units. Five workers Khalid, Rashid, Ahmed, Khamis and Nasir were engaged in the Sewing work and receives earnings by using Merrick Differential Piece Rate System. The Output is as follows Khalid 200 units, Rashid 450 units, Ahmed 800 units, Khamis 750 units and Nasir 1,000 units. You are required to calculate the earnings of all the five workers of sewing operators and also identify which of the workers performance is more than 100% among all.
- PC Solutions, Inc. provides services to corporate and individual customers. During the month of June, the corporate business segment provided services to 500 customers and earned $60,000 in revenue. The individual business segment provided services to 200 customers and earned $40,000 in revenue. The variable costs for the corporate and individual business segments amounted to $33,000 and $25,000, respectively. In addition, the fixed costs of the company amounted to $7,500. Calculate the contribution margin from each customer of the individual business segment. (Round your answer to the nearest cent.) O A. $37.50 OB. $54.00 OC. $39.00 OD. $75.00Sampson Company operates a manufacturing facility where several products are made. Deach product is considered a business segment, and the product managers have the opportunity to receive a bonus based on the profit of the segment. Franco Hopper is the manager for the scissors product line. Production and sales for the scissors product line loene for the past three years are shown below: Year 1: Year 2: Year 3: Units produced 100,000 125,000 160,000 Units sold 100,000 100,000 100,000 Sales price per unit 12.00 12.00 12.00 Variable manufacturing cost per unit 5.00 5.00 5.00 Total fixed manufacturing cost 200,000 200,000 200,000 Hopper’s bonus is .5% of the gross profit of the scissors product line, based on absorption costing. Upper management is discussing changing the bonus system so that bonuses are based on operating income using variable costing. Hopper is opposed to this change and has been trying to convince the other product managers to join him in voicing their…Need both a & b completed please