A normal working week consists of 5 days of 8 hours per day. The normal rate of pay is RM 2.40 per hour. Overtime rate is calculated at time and a half. Average output per operative for a 40-hour week = 120 articles. Required: a. Calculate the earnings of Employee A if he worked 46 hours in the third week of March. b. In order to increase output and eliminate overtime, the company decided to change to a system of payment by results. The information on the new system is as follows: Time rate - RM2.40 per hour Basic time allowed for 15 articles is 5 hours Piece work rate - 20% higher than the current rate per unit Calculate the earnings of Employee B if he produces 160 articles in a week.

A normal working week consists of 5 days of 8 hours per day. The normal rate of pay is RM 2.40 per hour. Overtime rate is calculated at time and a half. Average output per operative for a 40-hour week = 120 articles. Required: a. Calculate the earnings of Employee A if he worked 46 hours in the third week of March. b. In order to increase output and eliminate overtime, the company decided to change to a system of payment by results. The information on the new system is as follows: Time rate - RM2.40 per hour Basic time allowed for 15 articles is 5 hours Piece work rate - 20% higher than the current rate per unit Calculate the earnings of Employee B if he produces 160 articles in a week.

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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