Q1. After selection of an Employee, the Human Resource Department decide the following salary breakup. Employee Base pay = Rs.17 (Per Regular hrs.) + Rs.50 (Per Week Bonus) Employee working hrs. Per Week = 60hrs (40 regular hrs. 20 overtime hrs.) Case # 01 So: Calculate the actual regular pay rate per hour. Calculate the overtime rate per hour. Calculate the Total pay for a month.
Q1. After selection of an Employee, the Human Resource Department decide the following salary breakup. Employee Base pay = Rs.17 (Per Regular hrs.) + Rs.50 (Per Week Bonus) Employee working hrs. Per Week = 60hrs (40 regular hrs. 20 overtime hrs.) Case # 01 So: Calculate the actual regular pay rate per hour. Calculate the overtime rate per hour. Calculate the Total pay for a month.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Q1.
After selection of an Employee, the Human Resource Department decide the following salary breakup.
Employee Base pay = Rs.17 (Per Regular hrs.) + Rs.50 (Per Week Bonus)
Employee working hrs. Per Week = 60hrs (40 regular hrs. 20 overtime hrs.)
Case # 01
So:
- Calculate the actual regular pay rate per hour.
- Calculate the overtime rate per hour.
- Calculate the Total pay for a month.
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Step 1 Introduction
VIEWStep 2 Computation of total earning in the week
VIEWStep 3 Working note
VIEWStep 4 1) Computation of actual regular pay rate per hour
VIEWStep 5 1. Answer
VIEWStep 6 2) Computation of overtime rate per hour
VIEWStep 7 2. Answer
VIEWStep 8 3) Computation of total pay to employee in a month
VIEWStep 9 3.Answer
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