Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The details of the remuneration method of Alpha Angle Limited are as follows: Normal working week The business works 5 days each week with normal

image text in transcribedThe details of the remuneration method of Alpha Angle Limited are as follows: Normal working week The business works 5 days each week with normal working hours. There are 3 late shifts of 3 hours each. Rate of payment Day work: RM150 per hour Late shift: RM225 per hour Average output per operator in a week (including the 3 late shift) 120 articles In order to increase output and eliminate overtime, the management of the company has decided to switch on to a system of payment by results. The following information is obtained: Time rate RM150 per hour Basic time allowed for 15 articles 5 hours Piece-work rate Add 20% to basic piece-rate Premium bonus Add 50% to time Assume that 135 articles are produced in a 40-hour week under straight piece work, Rowan Premium System and Halsey Premium System. Workers earn half time saved under Halsey Premium System. REQUIRED: Compute the total earnings under each of the following methods: a. Existing time rate b. Straight piece-work c. Rowan system d. Halsey premium system

The details of the remuneration method of Alpha Angle Limited are as follows: Normal working week The business works 5 days each week with normal working hours. There are 3 late shifts of 3 hours each. Rate of payment Day work: RM150 per hour Late shit: RM225 per hour Average output per operator in a 120 articles week (including the 3 late stift) In order to increase output and eliminate overtime, the management of the company has decided to switch on to a system of payment by results. The following information is obtained: Time rate RM150 per hour Basic time allowed for 15 articles 5 hours Piece work rate Add 20% to basic piece rate Premium bonus Add 50% to time Assume that 135 articles are produced in a 40-hour week under straight piece work, Rowan Premium System and Halsey Premium System, Workers earn half time saved under Halsey Premium System REQUIRED: Compute the total earnings under each of the following methods: a. Existing time rate b. Straight piece-work C. Rowan system d. Halsey premium system

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

Managerial Accounting

Authors: John Wild, Ken Shaw, Barbara Chiappetta

8th Edition

1264111924, 9781264111923

More Books

Students also viewed these Accounting questions

Question

Be able to explain the concept of constructive discharge

Answered: 1 week ago