QUESTION ONE Lanexo Products 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 2020. Product Units produced Time allowed per unit A 320 63 B 640 120 C 1200 100 Hours worked Base rate per hour (sh) per worker Grade of worker Number of direct workers 1 20 2 8 32 Required: a) Percentage of hours saved to hours taken. b) Bonus due to the group. c) Gross earnings due to the group. 30 27 24 30 64 50 (6 Marks) (7 Marks) (7 Marks) (Total: 20 Marks) QUESTION ONE Lanexo Products 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 2020. Product Units produced Time allowed per unit A 320 63 B 640 120 C 1200 100 Hours worked Base rate per hour (sh) per worker Grade of worker Number of direct workers 1 20 2 8 32 Required: a) Percentage of hours saved to hours taken. b) Bonus due to the group. c) Gross earnings due to the group. 30 27 24 30 64 50 (6 Marks) (7 Marks) (7 Marks) (Total: 20 Marks)