7. Information below relates to Salih and Yaakob for a week. Salih Description Hours worked 30 hours Yaakob 55 hours 168 Unit produced (units) 160 Rate/hour Rate/unit Normal working hours RM4.50 RM3.50 RM1.50 RM1.00 44 hours 52 hours You are required to calculate the gross wage earned by each worker if they were paid using: i. time rate method with overtime paid at a premium of 20 percent on hourly rate. ii. piecework method.
7. Information below relates to Salih and Yaakob for a week. Salih Description Hours worked 30 hours Yaakob 55 hours 168 Unit produced (units) 160 Rate/hour Rate/unit Normal working hours RM4.50 RM3.50 RM1.50 RM1.00 44 hours 52 hours You are required to calculate the gross wage earned by each worker if they were paid using: i. time rate method with overtime paid at a premium of 20 percent on hourly rate. ii. piecework method.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![7.
Information below relates to Salih and Yaakob for a week.
Salih
Description
Hours worked
30 hours
Unit produced (units)
160
Rate/hour
Rate/unit
Normal working hours 44 hours 52 hours
RM4.50
RM1.50
You are required to calculate the gross wage earned by each worker if they
were paid using;
ii.
Yaakob
55 hours
168
RM3.50
RM1.00
i.
time rate method with overtime paid at a premium of 20 percent on
hourly rate.
iii.
piecework method.
Elaborate on any advantage of piecework remuneration method in
comparison to time rate method.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F86bb5a26-1c17-43b4-b357-4e877aaa3121%2F37cee75b-4b7d-4f3a-8ede-a200178ca4e7%2F8ybjz2s_processed.jpeg&w=3840&q=75)
Transcribed Image Text:7.
Information below relates to Salih and Yaakob for a week.
Salih
Description
Hours worked
30 hours
Unit produced (units)
160
Rate/hour
Rate/unit
Normal working hours 44 hours 52 hours
RM4.50
RM1.50
You are required to calculate the gross wage earned by each worker if they
were paid using;
ii.
Yaakob
55 hours
168
RM3.50
RM1.00
i.
time rate method with overtime paid at a premium of 20 percent on
hourly rate.
iii.
piecework method.
Elaborate on any advantage of piecework remuneration method in
comparison to time rate method.
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