In an engineering concern, the employees are paid incentive bonus in addition to their normal wages at
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In an engineering concern, the employees are paid incentive bonus in addition to their normal wages at hourly rates. Incentive bonus is calculated in proportion of time taken to time allowed, of the time saved. The following details are made available in respect of employees X, Y and Z for a particular week:
You are required to work out for each employee: (i) The amount of bonus earned, (ii) The total amount of wags received, and (iii) The total wages cost per 100 units of output.
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Management Accounting Text Problems And Cases
ISBN: 9781259026683
6th Edition
Authors: M Y Khan, P K Jain
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