Solve and show work. 6. A worker is paid ₹100 per hour. He takes 6 hoursto do a job for which standard time is 8 hours.Under Halsey plan (50% sharing),Calculate: Total wages.

Given:Hourly rate = 7100Time taken = 6 hoursStandard time = 8 hoursHalsey bonus share = 50%Step 1:…

Answered: 6. A worker is paid ₹100 per hour. He…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

I need help in this question . accounting.
I. need help by real expert and true answer.
Hello, Need help by real expert and true answer.
Hi , need help by real expert and true answer.
Need help in this accounting questions please.
A worker is allowed 60 hours to complete a job on a guaranteed wage of OMR 10 per hour. He finishes the job in 48 hours. How much will be his earnings under Halsey Plan? a. OMR 540 b. OMR 450 c. OMR 650 d. OMR 700
A worker is paid the day-work rate if she earns less than 100% incentive premium. The standard is 75 units per hour, and the operator completes 140 good parts in 1.4 hours. The wage rate is $25/hour. Find the piece rate. What are the earnings and labor efficiency?
24. Alex, Ben and Carl are engaged in a group task for which payment of P36,000 is agreed upon/ Time wage rates are: Alex Ben P600 per day P500 per day Carl P400 per day Alex worked for 15 days, Ben for 22 days, and Carl for 25 days. How much is the total payment to be distributed to Ben? a. P12,000 b. 13,200 c. P10,800 d. P11,000
Jason Wood earns $800 per week for a five-day week, and he is entitled to 12 paid holidays and four weeks of paid vacation. Over how many weeks should the holiday pay and vacation pay be expensed? Principles of Cost Accounting, Chapter 3, 17e
Question 4: Find out the labour cost per hour to a worker who is paid $.200 per month in addition to dearness allowance of $.50 month. He is entitled to bonus at the rate of 10% on wages. Employer's contribution is 8 1/3% of wages towards contributory Provident Fund and 1% towards ESI Scheme. The employee's contribution towards ESI Scheme is ½%. The worker is entitled to leave with full pay for 1/20 of days worked. The employer maintains a canteen where subsidised tea and lunch are provided to workers and a monthly subsidy of $.1,000 is provided to the canteen. The total number of employees who take advantage of this canteen is 200. Normal idle time amounts to 20%. The average working days in a month are 25 of 8 hours each.
A machine operator is paid GH¢10.20 per hour and has a normal working week of 35 hours. Overtime is paid at the basic rate plus 50%. If, in week 7, the machine operator worked 42 hours, the overtime premium paid to the operator would beA. GH¢28.20.B. GH¢35.70.C. GH¢71.40.D. GH¢107.10.
18. An employee working under a bonus scheme saved 4 hours in a job for which the standard time is 32 hours. Calculate the rate per hour worked and wages payable for the time taken under the following aternative schemes. (Award rate $. 2 per hour). (i) Employee receives an increase in the hourly rate based on the percentage that the time saved bears to the time set. (ii) A bonus of 10 per cent on award rate is payable when standard time (namely. 100 per cent efficiency) is achieved plus a further bonus of 1 per cent on award rate for each 1 per cent in excess of that 100 per cent efficiency.

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS

6. A worker is paid ₹100 per hour. He takes 6 hours to do a job for which standard time is 8 hours. Under Halsey plan (50% sharing), Calculate: Total wages.