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Q.No.8. After selection of an Employee, the Human Resource Department has decided the following salary breakup:      Basic Pay =     Rs.150 (Per Regular hrs.)  + Rs.200 (Per Week Bonus) NOTE: Employees’ regular working hours per week are 40hrs. If Employee’s working hours Per Week = 65hrs (40 regular hrs.  25 overtime hrs.) Then calculate the following: Calculate the actual regular pay rate per hour. Calculate the overtime rate per hour. Calculate the Total pay for a month.

Q.No.8. After selection of an Employee, the Human Resource Department has decided the following salary breakup:      Basic Pay =     Rs.150 (Per Regular hrs.)  + Rs.200 (Per Week Bonus) NOTE: Employees’ regular working hours per week are 40hrs. If Employee’s working hours Per Week = 65hrs (40 regular hrs.  25 overtime hrs.) Then calculate the following: Calculate the actual regular pay rate per hour. Calculate the overtime rate per hour. Calculate the Total pay for a month.

FINANCIAL ACCOUNTING
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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Q.No.8.

After selection of an Employee, the Human Resource Department has decided the following salary breakup:

     Basic Pay =     Rs.150 (Per Regular hrs.)  + Rs.200 (Per Week Bonus)

NOTE: Employees’ regular working hours per week are 40hrs.

If Employee’s working hours Per Week = 65hrs (40 regular hrs.  25 overtime hrs.)

Then calculate the following:

  1. Calculate the actual regular pay rate per hour.
  2. Calculate the overtime rate per hour.
  • Calculate the Total pay for a month.
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