From the following particulars, calculate the group bonus payable in this case and the amount that will

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From the following particulars, calculate the group bonus payable in this case and the amount that will be paid to each member of the group. The standard production in a week is 120 units.

It is agreed that for every 10% increase in production, a bonus of 5% of the total wages payable of the week will be paid and the same will be shared by the group consisting of four members in proportion to their total wages.

Total production for the week is 145 units. Wages earned by the four members of the group A, B, C and D are Rs. 80, Rs. 78, Rs. 72 and Rs. 68, respectively.

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Cost Accounting

ISBN: 9788131732076

1st Edition

Authors: V. Rajasekaran, R. Lalitha

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