Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please refer to image A worker takes 13 hours to complete a work on daily wages and 8 hours on a scheme of payment by

please refer to image

image text in transcribed
A worker takes 13 hours to complete a work on daily wages and 8 hours on a scheme of payment by results. The worker's day rate 15,390 per hour. The cost of material of the product is P300 and the overheads are recovered at 200% of the total wages. The company has an incentive plan of giving bonus for the time saved in a certain job. Bonus is computed as time saved over time allowed to complete the job multiplied by the time taken by the worker multiplied by the rate per hour. Mr. X completed the job within 8 hours including a 30-minute idle time. How much is the wage of Mr. X

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

Managerial Accounting For Managers

Authors: Eric Noreen

1st Edition

73526975, 978-0073526973

More Books

Students also viewed these Accounting questions

Question

=+c) Calculate the lower control limit of the p chart.

Answered: 1 week ago

Question

Pollution

Answered: 1 week ago

Question

The fear of making a fool of oneself

Answered: 1 week ago