Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

/ The standard hours of job X is 100 hours. The job has been completed by Amar in 60 hours, Akbar in 70 hours and

image text in transcribed

/ The standard hours of job X is 100 hours. The job has been completed by Amar in 60 hours, Akbar in 70 hours and Anthony in 95 hours. The bonus system applicable to the job is as follows: Percentage of time saved to time allowed Bonus Saving up to 10% 10% of time saved From 11% to 20% 15% of time saved From 21% to 40% 20% of time saved From 41% to 100% 25% of time saved The rate of pay is Re. 1 per hour. Calculate the total earnings of each worker and also the rate of earnings per hour

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 Creating Value In A Dynamic Business Environment

Authors: Ronald Hilton, David Platt

13th Edition

1264100698, 9781264100699

More Books

Students also viewed these Accounting questions