In a factory, the group-bonus scheme is in use which is calculated on the basis of earnings
Question:
In a factory, the group-bonus scheme is in use which is calculated on the basis of earnings under time rate.
The following particulars are available for a group of four workers P, Q, R and S:
Transcribed Image Text:
Output of the group - 16,000 units. Piece rate per 100 units wages. Rs. 2.50 in addition to time No. of hours worked by - P: 90; Q: 72; R: 80; and S: 100. Time rate per hour for: P: Re. 0.80; Q: Re. 1; R: Rs. 1.20; and S: Re. 0.80. Calculate the bonus and total wages earned by each worker.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
A work center is operated in an 8-hour shift to make 2,000 units. The allowance for the shift is 10% . Historically, this work center's efficiency has been 90% . What is the takt time (minute/unit)? S
-
Craigwood Ltd acquired all the issued shares (cum div.) of Grandburn Ltd for consideration of $3,700,000 on 1 January 2023. On the date of acquisition Grandburn Ltd's Statement of Financial Position...
-
Scenario 1 Each Answer is Worth 5 points Edgarton is a city that has a population of 2 5 6 , 0 0 0 households. On Sunday night: a . 2 4 0 , 0 0 0 households in Edgarton had their televisions on...
-
10. Two great circle arcs on the Earth's surface leading out of London make an angle of 20. One goes to New York City, a distance of 3,046 miles, the other to Santo Domingo in the Dominican Republic,...
-
A saturated air-water vapor mixture at 20oC, 100 kPa, is contained in a 5-m3 closed tank in equilibrium with 1 kg of liquid water. The tank is heated to 80oC. Is there any liquid water in the final...
-
Xavier depreciates his machinery over ten years using the straight-line method. On 31 December 20X7 he sells a machine that he has owned for exactly seven 198 | SECTION 2. FINANCIAL ACCOUNTING SHANE)...
-
2. Develop a work breakdown structure.
-
(a) Use vector components to prove that two vectors commute for both addition and the scalar product. (b) Prove that two vectors anticommute for the vector product; that is, prove that A x B= -B x A.
-
Fill all of the blanks. Use no more than 2 decimal places (te. 9.99% not 9999 St). Debe/Equity Cost Caleulations
-
Calculate the earnings of A and B from the following particulars for a month and allocate the labour to each job X, Y and Z: (i) Basic wages (ii) DA (iii) Contribution to PF (on basic wages) (iv)...
-
A, B and C are engaged in a group task for which payment of Rs. 725 is agreed upon: Time-wage rates are: A: Rs. 8 per day B: Rs. 6 per day C: Rs. 5 per day A worked for 25 days, B for 30 days and C...
-
In problem, graph each function. f(x) = (x + 2) 2 - 3
-
The following information appears in the records of Poco Corporation at year-end: a. Calculate the amount of retained earnings at year-end. b. If the amount of the retained earnings at the beginning...
-
For the following four unrelated situations, A through D, calculate the unknown amounts appearing in each column: A B D Beginning Assets... $38,000 $22,000 $38,000 ? Liabilities.. 22,000 15,000...
-
On December 31, John Bush completed his first year as a financial planner. The following data are available from his accounting records: a. Compute John's net income for the year just ended using the...
-
Statement of Stockholders' Equity and Balance Sheet The following is balance sheet information for Flush Janitorial Service, Inc., at the end of 2019 and 2018: Required a. Prepare a balance sheet as...
-
Petty Corporation started business on January 1, 2019. The following information was compiled by Petty's accountant on December 31, 2019: Required a. You have been asked to assist the accountant for...
-
Recall the chapters opening feature involving Chance Claxton and Lynn Julian, and their company, Kids Konserve. Assume that Chance and Lynn, partners in Kids Konserve, decide to expand their business...
-
After Theorem 1.5 we note that multiplying a row by 0 is not allowed because that could change a solution set. Give an example of a system with solution set S0 where after multiplying a row by 0 the...
-
QUESTION 3 A business owns seven flats rented out to staff at R500 per month. All flats were tenanted Ist january 21 months rent was in arrears and as at 31st December 14 months' rent wa Identify the...
-
1. 2. 3. Select the Tables sheet, select cells A6:B10, and create range names using the Create from Selection button [Formulas tab, Defined Names group]. Select cells B1:F2 and click the Name box....
-
Tropical Rainwear issues 3,000 shares of its $18 par value preferred stock for cash at $20 per share. Record the issuance of the preferred shares. (If no entry is required for a particular...
Study smarter with the SolutionInn App