Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Halwings Company Ltd who manufactures and retails products A, B and C employ sixty direct workers who work under a group of bonus scheme. The

Halwings Company Ltd who manufactures and retails products A, B and C employ sixty direct workers who work under a group of bonus scheme. The company engages three grades of workers who are paid a bonus of the excess of time allowed over time taken. The bonus paid is 75% of the workers' base rate and is shared by the workers in proportion to the time spent on the work. The following production data has been extracted from the company's records for April 2000.

Product Units produced Time allowed per unit
A 320 63
B 640 120
C 1200 100

Grade of worker Number of direct workers Base rate per hour (sh) Hours worked per worker
1 20 30 30
2 8 27 64
3 32 24 50

Required: a) Percentage of hours saved to hours taken. (5 marks) b) Bonus due to the group. (5 marks) c) Gross earnings due to the group. (5 marks) (Total: 15 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Responsibility

Authors: Tom Cannon

2nd Edition

0273738739, 9780273738732

More Books

Students also viewed these Accounting questions

Question

b. Did you suppress any of your anger? Explain.

Answered: 1 week ago