The following particulars for the first week of September 2003 relate to X and Y, two workers

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The following particulars for the first week of September 2003 relate to X and Y, two workers employed in a factory.

The normal working hours per week are fixed at 42 hours. Bonus is paid @ 2/3 of basic wage rate for gross time worked and gross output produced without deduction of rejected output. The rate of overtime for first 4 hours is paid at time plus 1/3 and next 4 hours is paid at time plus 1/2.

From the above data, calculate for each employee:

(a) Number of bonus hours earned and amount of bonus earned.
(b) Total wages earned including basic wages, overtime premium and bonus.
(c) Direct wages cost per 100 saleable units.

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Related Book For  answer-question

Cost Accounting

ISBN: 9780070221628

4th Edition

Authors: Jawahar Lal, Seema Srivastava

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