A chemical factory manufactures three kinds of chemicals namely Eucalyptus oil, Hexa chloro benzen and Toxaphene. In the last week of December 2022, the records were: Output and standard times during the same week were as follows: Normal working hours per week are 38 . Overtime is paid at the premium of 50% of the normal hour rate. Group Incentive Scheme: A group incentive scheme is in operation. The time saved is expressed as a percentage of hours worked and is shared between the group as a proportion of the hours worked by each grade. The incentive rate is 75% of the normal hour rate.

Required: Prepare the payroll for the last week of December 2022 showing the basic pay, overtime and incentive amount as separate totals for each grade of labor.

Answer rating: 100% (QA)

Solution Grade 1 Eucalyptus oil Output 300 units Standard time 20 hours Grade 2 Hexa chloro ... View the full answer