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answer for cost management accounting please Martina Ltd assembles a product (Total) from various components using three operative staff (Mutinta, Mundia, Mumba) each working a
answer for cost management accounting please
Martina Ltd assembles a product (Total) from various components using three operative staff (Mutinta, Mundia, Mumba) each working a 40 hour week. The company pays overtime at time and half and a bonus of 75% of time saved at the normal hourly rate. The date below relates to Martina Ltd operation in week 10: MUTINTA OPERATIVE STAFF MUNDIA MUMBA 530 Total output unit 490 600 Total hours worked 60 hours 45 hours 48 hours K15 Wage rate per hour K18 K20 Required: Gmin (a) Calculate the total pay for each of the employees in week 10 showing basic wage, overtime premium and bonus. (16 marks (b) Martina Ltd Management wishes to adopt a piece work scheme to increase the weekly output State two advantages and two disadvantages of implementing a piece work scheme to Kabwe Ltd. Gex 15 = 1080 (4 marks) 60x6r 360 45 x 6Step by Step Solution
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