Jomari Corporation's factory workers Incentive scheme which features a combined piece rateP11.25 and a minimum wage guaranteed wage of P875 per week Production report for theweek showEmployeesUnits produced6778M80A82R7275How much portion of the weekly payroll should be charge to factory overhead? A worker takes 13 hours to complete a work on daily wages and 8 hours on a scheme ofþayment by results. The worker's day rate is P90 per hour. The cost of material of the productis P300 and the overheads are recovered at 200% of the total wages. The company has anincentive plan of giving bonus for the time saved in a certain job. Bonus is computed as timesaved over time allowed to complete the job multiplied by the time taken by the workermultiplied by the rate per hour. Mr. X completed the job within 8 hours including a 30-minute idletime. How much is the wage of Mr. X?

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Jomari Corporation's factory workers Incentive scheme which features a combined piece rate P11.25 and a minimum wage guaranteed wage of P875 per week. Production report for the week show Employees Units produced 67 78 м 80 A 82 R 72 75 How much portion of the weekly payroll should be charge to factory overhead?

Jomari Corporation's factory workers Incentive scheme which features a combined piece rate P11.25 and a minimum wage guaranteed wage of P875 per week. Production report for the week show Employees Units produced 67 78 м 80 A 82 R 72 75 How much portion of the weekly payroll should be charge to factory overhead?

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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