Ronald Factory provides for an incentive scheme for its factory workers which features a combined minimum guaranteed wage of P875 per week and piece rate of PI1.25. Production report for the week show. Employee Units produced R 67 78 80 A 82 N 72 D 75 The portion of the weekly payroll that should be charged to factory overhead is a. P5,325.00 b. P5,275.00 c. P5,217.50 d. P 217.50

Ronald Factory provides for an incentive scheme for its factory workers which features a combined minimum guaranteed wage of P875 per week and piece rate of PI1.25. Production report for the week show. Employee Units produced R 67 78 80 A 82 N 72 D 75 The portion of the weekly payroll that should be charged to factory overhead is a. P5,325.00 b. P5,275.00 c. P5,217.50 d. P 217.50

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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Ushindi Ltd manufactures ornaments for export trade. Jobs are allocated to two operators. Mbotela and Juma with bonus paid for hours saved. In the month of February 2009, Mbotela made 186 units and Juma made 210 units for which the time allowed of 30 standard minutes and 25 standard minutes per unit respectively was credited. The basic wage was ksh. 18 per hour for both employees. For every hour saved a bonus was paid at 20% of the basic wage rate. Hours worked in excess were paid at the basic wage rate plus two thirds. Mbotela completed his job in 44 hours and Juma completed his job in 39 hours. A basic working week has 40 hours. Required: For each operator, calculate: The amount of bonus payable. The total gross wage payable. The wages cost per unit.
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