A Worker's wage for a guaranteed 44-hour per week is $0.75 per hour. Estimated time to produce one article is 30 minutes and under incentive scheme the time allowed is increased by 20%. During a week the worker produced 100 articles. Calculate wages under: - Halsey plan Rowan plans

A Worker's wage for a guaranteed 44-hour per week is $0.75 per hour. Estimated time to produce one article is 30 minutes and under incentive scheme the time allowed is increased by 20%. During a week the worker produced 100 articles. Calculate wages under: - Halsey plan Rowan plans

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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6. Dimitri Designs has capacity to produce 30,000 desk chairs per year and is currently selling all 30,000 for $240 each. Country Enterprises has approached Dimitri to buy 800 chairs for $210 each. Dimitri’s normal variable cost is $165 per chair, including $50 per unit in direct labor per chair. Dimitri can produce the special order on an overtime shift, which means that direct labor would be paid overtime at 150% of the normal pay rate. The annual fixed costs will be unaffected by the special order and the contract will not disrupt any of Dimitri’s other operations. PLEASE NOTE: All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). If Dimitri accepts the offer, what will be the impact on profits of accepting the order. Incremental dollar amount = ? . Increase or Decrease? . Please note: Your answer is either "Increase" or "Decrease" - capital first letters and no quotes.
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An orchardist pays apple pickers $10 per hour plus $8 per $100kg of apples picked. If workers pick, on average 180 kg per hour for a 40-hour workweek. What are the gross earnings of the week?
Take me to the text Adrian's Restaurant is a 57-seat restaurant open every day for lunch and dinner. For the month of May, it plans to turn over the restaurant 1.5 times at lunch and 2.5 times at dinner. Each server can handle 19 guests at a time. Lunch shifts are typically 3 hours and dinner shifts are typically 5 hours. Servers earn $16 per hour. Calculate the cost of server labour for lunch, dinner and in total for the month of May. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. Lunch Labour Cost = $ 240 Dinner Labour Cost = $ 640 Total Labour Cost = $ 880 Check
A traveling production of Beauty and the Beast performs each year. The average show sells 1,300 tickets at $55 a ticket. There are 115 shows each year. The show has a cast of 70, each earning an average of $320 per show. The cast is paid only after each show. The other variable expense is program printing costs of $7 per guest. Annual fixed expenses total $560,000. Read the requirements. Requirement 1. Compute revenue and variable expenses for each show. The revenue for each show is The variable expenses for each show are Requirement 2. Use the income statement equation approach to compute the number of shows needed annually to break even. Begin by determining the basic income statement equation. Using the basic income statement equation you determined above, solve for the number of shows to breakeven. The number shows needed annually to break even is Requirement 3. Use the shortcut unit contribution margin approach to compute the number of shows needed annually to earn a profit of…