The standard output time is 10 hours and rate per unit is 2 rials, Mr.Mohammed actual time taken for his production is 7 hours. Calculate the incentive money and total wage earning of Mr.Mohammed under the Bedeaux plan. 1) Incentive 3.0 rials and total wage 16.5 rials 2) Incentive 4.5 rials and total wage 18.5 rials 3) Incentive 4.0 rials and total wage 17.5 rials 4) Incentive 4.0 rials and total wage 17.0 rials

The standard output time is 10 hours and rate per unit is 2 rials, Mr.Mohammed actual time taken for his production is 7 hours. Calculate the incentive money and total wage earning of Mr.Mohammed under the Bedeaux plan. 1) Incentive 3.0 rials and total wage 16.5 rials 2) Incentive 4.5 rials and total wage 18.5 rials 3) Incentive 4.0 rials and total wage 17.5 rials 4) Incentive 4.0 rials and total wage 17.0 rials

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Description: The standard output time is 10 hours and rate per unit is 2 rials, Mr.Mohammed actual time taken for his production is 7 hours. Calculate the incentive money and total wage earning of Mr.Mohammed under the Bedeaux plan. 1) Incentive 3.0 rials and tot

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 11EA: Markson and Sons leases a copy machine with terms that include a fixed fee each month plus acharge...

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Concept explainers

Process Costing

Process costing is a sort of operation costing which is employed to determine the value of a product at each process or stage of producing process, applicable where goods produced from a series of continuous operations or procedure. 

Job Costing

Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing is possible only in businesses where the production is done as per the customer’s requirement. For example, some customers order to manufacture furniture as per their needs.

ABC Costing

Cost Accounting is a form of managerial accounting that helps the company in assessing the total variable cost so as to compute the cost of production. Cost accounting is generally used by the management so as to ensure better decision-making. In comparison to financial accounting, cost accounting has to follow a set standard ad can be used flexibly by the management as per their needs. The types of Cost Accounting include – Lean Accounting, Standard Costing, Marginal Costing and Activity Based Costing.

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1) Incentive 3.0 rials and total wage 16.5 rials

2) Incentive 4.5 rials and total wage 18.5 rials

3) Incentive 4.0 rials and total wage 17.5 rials

4) Incentive 4.0 rials and total wage 17.0 rials

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