Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In an engineering concern, the employees are paid incentive bonus in addition to their nor mal wages at hourly rates. Incentive bonus is calculated

image text in transcribed 

In an engineering concern, the employees are paid incentive bonus in addition to their nor mal 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 X Y Z Normal wages (per hour) $40 $50 $60 Completed units of production 6,000 3,000 4,800 Time allowed per 100 units (hour) 0.8 1.5 1 time taken (hours) 42 40 40 48 You are required to work out for each employee: The amount of bonus earned, (ii) The total amount of wags received, and (iii) The total wages cost per 100 units of output.

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_2

Step: 3

blur-text-image_3

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

Transport Operations

Authors: Allen Stuart

2nd Edition

978-0470115398, 0470115394

More Books

Students also viewed these General Management questions

Question

Cause on the an increase in pressure with in the eye ?

Answered: 1 week ago

Question

What is the Normal Eye Power ?

Answered: 1 week ago

Question

Thomas Aquinas was born........?

Answered: 1 week ago

Question

Aristotle of ideal state features?

Answered: 1 week ago