To improve productivity, ST. MICHAEL Corp. instituted a bonus plan where employees are paid 75% of the time saved when production performance exceeds the standard level of production. The company computes the bonus on the basis of four-week periods. The standard production is set at 3 units per hour. Each employee works 37 hours per week, and the wage rate is P24 per hour. Below are data for one 4-week period: Weekly Production (Units) Employee 1st 2nd 3rd 4th Total ALAN 107 100 110 108 425 JOEL 104 110 115 115 444 ROMY 108 112 112 133 465 TONY 123 120 119 124 486 The employee who had the inconsistent performance (sometimes performing below standard) but got a bonus is A. Joel= 54 bonus B. Alan= 36 bonus C. Romy= 126 bonus D. Tony= 252 bonus The following production and average cost data per unit for two levels of monthly production volume have been supplied by a company that produces a single product: Production volume 2,000 units 4,000 units Direct materials P88.40 P88.40 Direct labor P20.60 P20.60 Manufacturing OH P86.90 P55.30 The best estimate of the total monthly fixed manufacturing cost is?
To improve productivity, ST. MICHAEL Corp. instituted a bonus plan where employees are paid 75% of the time saved when production performance exceeds the standard level of production. The company computes the bonus on the basis of four-week periods. The standard production is set at 3 units per hour. Each employee works 37 hours per week, and the wage rate is P24 per hour. Below are data for one 4-week period: Weekly Production (Units) Employee 1st 2nd 3rd 4th Total ALAN 107 100 110 108 425 JOEL 104 110 115 115 444 ROMY 108 112 112 133 465 TONY 123 120 119 124 486 The employee who had the inconsistent performance (sometimes performing below standard) but got a bonus is A. Joel= 54 bonus B. Alan= 36 bonus C. Romy= 126 bonus D. Tony= 252 bonus The following production and average cost data per unit for two levels of monthly production volume have been supplied by a company that produces a single product: Production volume 2,000 units 4,000 units Direct materials P88.40 P88.40 Direct labor P20.60 P20.60 Manufacturing OH P86.90 P55.30 The best estimate of the total monthly fixed manufacturing cost is?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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To improve productivity, ST. MICHAEL Corp. instituted a bonus plan where employees are paid 75% of the time saved
when production performance exceeds the standard level of production. The company computes the bonus on the
basis of four-week periods. The standard production is set at 3 units per hour. Each employee works 37 hours per
week, and the wage rate is P24 per hour. Below are data for one 4-week period:
Weekly Production (Units)
Employee
1st
2nd
3rd
4th
Total
ALAN
107
100
110
108
425
JOEL
104
110
115
115
444
ROMY
108
112
112
133
465
TONY
123
120
119
124
486
The employee who had the inconsistent performance (sometimes performing below standard) but got a bonus is
A. Joel= 54 bonus
B. Alan= 36 bonus
C. Romy= 126 bonus
D. Tony= 252 bonus
The following production and average cost data per unit for two levels of monthly production volume have been
supplied by a company that produces a single product:
Production volume 2,000 units
4,000 units
Direct materials
P88.40
P88.40
Direct labor
P20.60
P20.60
Manufacturing OH P86.90
P55.30
The best estimate of the total monthly fixed manufacturing cost is?
Transcribed Image Text:To improve productivity, ST. MICHAEL Corp. instituted a bonus plan where employees are paid 75% of the time saved
when production performance exceeds the standard level of production. The company computes the bonus on the
basis of four-week periods. The standard production is set at 3 units per hour. Each employee works 37 hours per
week, and the wage rate is P24 per hour. Below are data for one 4-week period:
Weekly Production (Units)
Employee
1st
2nd
3rd
4th
Total
ALAN
107
100
110
108
425
JOEL
104
110
115
115
444
ROMY
108
112
112
133
465
TONY
123
120
119
124
486
The employee who had the inconsistent performance (sometimes performing below standard) but got a bonus is
O Joel = P54 bonus
Alan = P36 bonus.
O Romy = P126 bonus.
O Tony = P252 bonus.
Transcribed Image Text:The following production and average cost data per unit for two levels of monthly production volume have been
supplied by a company that produces a single product:
Production volume 2,000 units 4,000 units
Direct materials
P88.40
P88.40
Direct labor
P20.60
P20.60
Manufacturing OH P86.90
P55.30
The best estimate of the total monthly fixed manufacturing cost is
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