Question
The following information, in respect of Mr Jones, was obtained from the books of Takalani (Pty) Limited for the week ending 31 January 20X4: Wage
The following information, in respect of Mr Jones, was obtained from the books of Takalani (Pty) Limited for the week ending 31 January 20X4:
Wage rate is R60.00 per hour
Time allowed, 6 hours; time taken, 6 hours
Time allowed, 6 hours; time taken, 4 hours
Time allowed, 12 hours; time taken, 18 hours
Time allowed, 24 hours; time taken, 20 hours
Required:
2.1 Calculate Mr Jones' basic wage for the week ending 31 January 20X4.(4)
2.2 Calculate his bonus for the week ending 31 January 20X4, using the following wage incentive bonus schemes:
Rowan premium bonus scheme
Halsey premium bonus scheme
Halsey-Weir premium bonus scheme(16)
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