Preparation of the wages control account plus an evaluation of the impact of a proposed piecework...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Preparation of the wages control account plus an evaluation of the impact of a proposed piecework system. One of the production departments in A Ltd's factory employs 52 direct operatives and nine indirect operatives. Basic hourly rates of pay are £14.40 and £11.70, respectively. Overtime, which is worked regularly to meet general production requirements, is paid at a premium of 30 per cent over basic rate. The following further information is provided for the period just ended: Hours worked: Direct operatives: 25520 hours 2120 hours Total hours worked Overtime hours worked Indirect operatives: Total hours worked 4430 hours Overtime hours worked 380 hours Production: Product 1, 36000 units in 7200 hours Product 2, 116000 units in 11600 hours Product 3, 52800 units in 4400 hours Non-productive time: 2320 hours Wages paid (net of tax and employees National Insurance): Direct operatives £293865 Indirect operatives £41577 The senior management of A Ltd is considering the introduction of a piecework payment scheme into the factory. Preparation of the wages control account plus an evaluation of the impact of a proposed piecework system. One of the production departments in A Ltd's factory employs 52 direct operatives and nine indirect operatives. Basic hourly rates of pay are £14.40 and £11.70, respectively. Overtime, which is worked regularly to meet general production requirements, is paid at a premium of 30 per cent over basic rate. The following further information is provided for the period just ended: Hours worked: Direct operatives: 25520 hours 2120 hours Total hours worked Overtime hours worked Indirect operatives: Total hours worked 4430 hours Overtime hours worked 380 hours Production: Product 1, 36000 units in 7200 hours Product 2, 116000 units in 11600 hours Product 3, 52800 units in 4400 hours Non-productive time: 2320 hours Wages paid (net of tax and employees National Insurance): Direct operatives £293865 Indirect operatives £41577 The senior management of A Ltd is considering the introduction of a piecework payment scheme into the factory.
Expert Answer:
Answer rating: 100% (QA)
The system would operate as follows The basic hourly rates of pay would be increased to 1560 and 127... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
An investor is considering 4 investments, A, B, C and leaving his money in the bank. The payoff from each investment is a function of the economic climate over the next 2 years. The economy can...
-
An investor is considering 4 investments, A, B, C and leaving his money in the bank. The payoff from each investment is a function of the economic climate over the next 2 years. The economy can...
-
An agency offers preparation courses for a graduate school admissions test to students. As part of an experiment to evaluate the merits of the course, 12 students were chosen and divided into 6 pairs...
-
Find dy/dx for the following functions. y COS X sin x + 1
-
An instructor has decided to introduce a greater component of independent study into an intermediate microeconomics course as a way of motivating students to work independently and think more...
-
Imagine that you're the lead negotiator for a company that's trying to buy a factory in Prague, the capital of the Czech Republic. Although you haven't spent much time in the country in the past...
-
Consider the simple linear regression model fit to the copolyester viscosity data in Problem 2.14. Problem 2.14 Hsuie, Ma, and Tsai ("Separation and Characterizations of Thermotropic Copolyesters of...
-
Using the data from Exercise 6.18, compute the equivalent units of production for each of the four departments using the FIFO method. In exercise The following data are for four independent...
-
Given s(t) = 3 + 9t, where s(t) is in feet and t is in seconds, find each of the following. a) v(t) b) a(t) c) The velocity and acceleration when t = 2 sec a) v(t) = ||
-
An examination of the cash activities during the year shows the following. Suzie has not reconciled the company?s cash balance with that of the bank since the company was started. She asks Summit...
-
You have been called in to help Nicole Dunn, who recently started a personal training business called DunnRite Training, Inc. Nicole began operations on January 1 , 2 0 2 4 , and had limited activity...
-
Company S has developed an industrial endoscope available to explore inner part of the decrepit water pipes. It is possible to explore the inner part of the pipes putting the endoscope in a certain...
-
Write a program that 1) calculates perimeter/circumference and area for specific geometric plane figures and 2) calculates the volume and surface area of specific geometric solids. The program should...
-
Carol had a universal life insurance policy with a death benefit of $100,000. The policy had a cash value of $18,000. They noticed that she had marked death benefit option B and made Michael the sole...
-
Develop a website using HTML, JavaScript, and CSS for a photographer. 1. The site must be responsive, it must adapt to being used on a computer and mobile device. 2. The page layout must have clearly...
-
Write an HTML code to generate web page with your choice background color and show how you will used JavaScript in following ways (2 Marks) [02] - Declare three variables. (1 Mark) Accept two numbers...
-
Luver Corporation's Gross margin is $100,000, Cost of goods sold equals $70,000, and Selling and administrative expenses total $45,000. Net operating income is Blank______. Multiple choice question....
-
Explain the term "Equivalent Units". Why are they calculated in process costing? [4 Marks] [minimum 350 words]
-
Consider the closed-loop system in Figure E4.11, where G(s) = K / s + 10 and H(s) = 14 / s2 + 5s + 6 (a) Compute the transfer function T(s) = Y(s)/R(s). (b) Define the tracking error to be E(s) =...
-
Repeat Problem P10.5 by using a lead network compensator, and compare the results. Amplifier Motor and load 3.75 G (s) K, ts 0.15)(0.15s ) Specd
-
A control system with a controller is shown. We will select Kf = 2 in order to provide a reasonable steady-state error to a step [8], Find KP to obtain a phase margin of 60. Find the peak time and...
-
What is the change in velocity of \((a)\) cart 1 (b) cart 2 in Figure 4.6? (c) What do you notice about your two answers? Figure 4.6 Velocity-versus-time graph for two identical carts before and...
-
(a) Are the accelerations of the motions shown in Figure 4.1 constant? (b) For which surface is the acceleration largest in magnitude? Figure 4.1 Velocity-versus-time graph for a wooden block sliding...
-
The \(x\) component of the final velocity of the standard cart in Figure 4.8 is positive. Can you make it negative by adjusting this cart's initial speed while still keeping the half cart initially...
Study smarter with the SolutionInn App