Calculate the normal and overtime wages payable to a worker from the following data: Days Hours worked Monday 10 Tuesday 7 Wednesday 12 Thursday 12 Friday 8 Saturday 4 Total (hrs) 53 Normal working hours 8 hours per day Normal rate P250 per hour Overtime rate up to 48 hours in a week at single rate and over 48 hours at double rate

Calculate the normal and overtime wages payable to a worker from the following data: Days Hours worked Monday 10 Tuesday 7 Wednesday 12 Thursday 12 Friday 8 Saturday 4 Total (hrs) 53 Normal working hours 8 hours per day Normal rate P250 per hour Overtime rate up to 48 hours in a week at single rate and over 48 hours at double rate

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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Question

Calculate the normal and overtime wages payable to a worker from the following data:

Days Hours worked

Monday 10

Tuesday 7

Wednesday 12

Thursday 12

Friday 8

Saturday 4

Total (hrs) 53

Normal working hours 8 hours per day

Normal rate P250 per hour

Overtime rate up to 48 hours in a week at single rate and

over 48 hours at double rate

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