OUESTION 1 (TOPIC: LABOUR COSTING) 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 yorkers ' 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. 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. (Total: 15 marks) Required; The overhead absorption rate per unit of A and B using the following methods: a) Unit method b) Percentage on material cost. c) Percentage on labour cost. d) Percentage On prime cost. e) Labour hour rate. (Total: 15 Marks) f) Machine hour rate