Calculate the gross earnings of Mr Ahmed under Halsey and Rowan plan. Ibri farm Equipment LLC...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Calculate the gross earnings of Mr Ahmed under Halsey and Rowan plan. Ibri farm Equipment LLC is a manufacturing firm that specializes in the production of farm equipment according to customer's orders. The company has different types of raw material for its production requirements stored in the store room. The following transactions have occurred in the month of January 2022 regarding the materials. January1, 2022 stock of material available 200 units @ OMR 2.000 each. January 2; issued material to production 150 units January 5; purchased 100 units @ OMR 2.200 each January 7; issued material to production 100 units January 10; Purchases 150 units @ OMR 2.500 each January 12; issued material 100 units January 20; Purchases 180 units @ OMR 3.000 each January 28; issued material 200 units. The company had 50 workers in its factory payroll. In the month of January 2022, a worker Ahmed produced 300 parts of a product working for 48 hours. The company give remuneration to its employees at an hourly rate of OMR 4.500 per hour worked. The estimated time to produce a single part is 8 minutes. Calculate the gross earnings of Mr Ahmed under Halsey and Rowan plan. Ibri farm Equipment LLC is a manufacturing firm that specializes in the production of farm equipment according to customer's orders. The company has different types of raw material for its production requirements stored in the store room. The following transactions have occurred in the month of January 2022 regarding the materials. January1, 2022 stock of material available 200 units @ OMR 2.000 each. January 2; issued material to production 150 units January 5; purchased 100 units @ OMR 2.200 each January 7; issued material to production 100 units January 10; Purchases 150 units @ OMR 2.500 each January 12; issued material 100 units January 20; Purchases 180 units @ OMR 3.000 each January 28; issued material 200 units. The company had 50 workers in its factory payroll. In the month of January 2022, a worker Ahmed produced 300 parts of a product working for 48 hours. The company give remuneration to its employees at an hourly rate of OMR 4.500 per hour worked. The estimated time to produce a single part is 8 minutes.
Expert Answer:
Answer rating: 100% (QA)
given that The standard time to make 1 part 8 mins Nu... View the full answer
Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
Students also viewed these accounting questions
-
A law firm that specializes in personal injury work has engaged you to assist in some litigation. The firm represents a Mr. Lawson, who was injured in an automobile accident and is alleging that he...
-
The Central Valley Company is a manufacturing firm that produces and sells a single product. The company?s revenues and expenses for the last four months are given below. Required: 1. Management is...
-
The Central Valley Company is a manufacturing firm that produces and sells a single product. The company?s revenues and expenses for the last four months are given below. Required: 1. Management is...
-
Given the project network that follows, compute the early, late, and slack times for the project. Be sure to show the early finish and late start times on yournetwork. 20 15 25 10 10 Slack IS B
-
Munich Partners provides a diverse array of back office services to its clients in the financial services industry, ranging from record keeping and compliance to order processing and trade...
-
Show that the cross-product terms formed from (i· ··), (·j ··), and (ij i· ·j + X··) sum to zero, i = 1, 2, . . . a and j = 1, 2,...
-
Most experts maintain that the computer frauds that are publicly revealed represent only the tip of the iceberg. Although the major threat to computer security is perceived by many to be external,...
-
Japanese automakers have long been known for the quality of their products, and especially for the efciency of their stream-lined manufacturing and supply processes. Thus, few people could have...
-
Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors expect Computech to begin paying dividends,...
-
Suppose that a learning algorithm is trying to find a consistent hypothesis when the classifications of examples are actually random. There are u Boolean attributes, and examples are drawn uniformly...
-
Describe in detail the key logistics processes at Tesco, UK
-
Sneaker 2013 The business case team had compiled the following baseline information surrounding the Sneaker 2013 project: 1. The life of the Sneaker 2013 project was expected to be six years. Assume...
-
What is the effect on assets, liabilities and shareholders equity of each of the following transactions? 1. Issued $200 000 in shares to new shareholders2. Purchased $30 000 of inventory on credit3....
-
A whild back, either james borrowed @ 1 2 from his friend Rita or she borrowed $ 1 2 from him, but he can't quite remember which. Either way he is planning to pay her back or ask that she pay him...
-
Likely effect of Changes made on WHS in future Identifies the range of changes implemented by the State Department of Public Works following the critical incident and evaluates the relative cost and...
-
K A person X can clean up all of the crime in a city in 6 hr working alone. Person Y can do the same job alone in 9 hr. If person Y starts crime fighting at 8 A.M. and person X joins him at 12 Noon,...
-
St. Margaret Beer Co. is considering a three-year project that will require an initial investment of $44,000. If market demand is strong, St. Margaret Beer Co. thinks that the project will generate...
-
In the busy port of Chennai, India, the number of containers loaded onto ships during a 15-week period is as follows: 1. Develop a linear trend equation to forecast container loadings. 2. Using the...
-
You are the beneficiary of a trust fund. The fund gives you the option of receiving $5,000 per year for 10 years, $9,000 per year for 5 years, or $30,000 today. Instructions If the desired rate of...
-
On July 1, 2012, Charisse Corporation issued $2,000,000 face value, 10%, 10-year bonds at $2,271,813. This price resulted in an effective-interest rate of 8% on the bonds. Charisse uses the...
-
At the end of its first year of operations, Brianna Company chose to use the revaluation framework allowed under IFRS. Briannas ledger shows Plant Assets $480,000 and Accumulated DepreciationPlant...
-
Describe how a blockchain works.
-
In what ways can management empower employees? What are the advantages of empowering employees?
-
Application of data analytics Indicate which type of data analytics, 1 through 4, is described in each of the following statements describing a data analytics application, \(a\) through \(h\). Data...
Study smarter with the SolutionInn App