Use the information provided below to calculate the following in respect of Judy for 4 weeks...
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Use the information provided below to calculate the following in respect of Judy for 4 weeks of February 2016: Direct labour cost Labour rate per hour. INFORMATION Judy is employed in Project G. She worked for all the normal working days of 4 weeks of February 2016 plus 8 hours overtime on Saturdays and 6 hours overtime on Sundays. The following are the other details of Judy for the four weeks of February 2016: Pension fund: employee's deduction Pension fund: employer's contribution Income tax deduction Unemployment insurance fund: employee's deduction Unemployment insurance fund: employer's contribution Remuneration during normal working hours Normal working week (Monday to Friday) Remuneration on Saturdays Remuneration on Sundays 8% of normal wages 10% of normal wages 18% of taxable income 1% of normal wage 1% of normal wage R100 per hour 8 hours per day 1 times the normal rate Twice the normal rate (5) INFORMATION The following information is available for a project undertaken by Intel Limited: Planned value R52 000 Earned value R63 180 Actual cost R70 200 Budget at completion R243 000 REQUIRED Calculate the following in respect of the project: Schedule variance Cost performance index Estimate to complete Use the information provided below to calculate the following in respect of Judy for 4 weeks of February 2016: Direct labour cost Labour rate per hour. INFORMATION Judy is employed in Project G. She worked for all the normal working days of 4 weeks of February 2016 plus 8 hours overtime on Saturdays and 6 hours overtime on Sundays. The following are the other details of Judy for the four weeks of February 2016: Pension fund: employee's deduction Pension fund: employer's contribution Income tax deduction Unemployment insurance fund: employee's deduction Unemployment insurance fund: employer's contribution Remuneration during normal working hours Normal working week (Monday to Friday) Remuneration on Saturdays Remuneration on Sundays 8% of normal wages 10% of normal wages 18% of taxable income 1% of normal wage 1% of normal wage R100 per hour 8 hours per day 1 times the normal rate Twice the normal rate (5) INFORMATION The following information is available for a project undertaken by Intel Limited: Planned value R52 000 Earned value R63 180 Actual cost R70 200 Budget at completion R243 000 REQUIRED Calculate the following in respect of the project: Schedule variance Cost performance index Estimate to complete
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Calculations for Judys Remuneration and Project G Judys Remuneration 1 Total Hours Worked Normal wor... View the full answer
Related Book For
Fundamental Accounting Principles Volume II
ISBN: 978-1259066511
14th Canadian Edition
Authors: Larson Kermit, Jensen Tilly
Posted Date:
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