Question: (b) A worker took 60 hours to complete a job in a factory. The normal rate of wages is 80 per hour. The worker is

(b) A worker took 60 hours to complete a job in

(b) A worker took 60 hours to complete a job in a factory. The normal rate of wages is 80 per hour. The worker is entitled to receive bonus according to the Halsey Premium Plan. Factory overhead is recovered on the job at 60 per man hour actually worked. The factory cost of the job is 37,280 and material cost of the job is 28,400 . Required : (i) Calculate the standard time for completing the job and effective hourly rate under the Halsey Premium Plan. (ii) Calculate the effective rate of earnings per hour if wages would have been paid under the Rowan Plan

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

An absorber is to recover 99 percent of the ammonia in the air-ammonia stream fed to it, using water as the absorbing liquid. The ammonia content of the air is 20 mole percent. Absorber temperature...

A worker took 60 hours to complete a job in a factory. The normal rate of wages is 80 per hour. The worker is entitled to receive bonus according to the Halsey Premium Plan. Factory overhead is...

please guide on this question Q.10. Sunk costs are: (a) relevant for decision making (b) Not relevant for decision making (c) cost to be incurred in future (d) future costs Q.11. Describe the method...

please guide on this question Q.16. Calculate value of closing stock from the following: Opening stock of finished goods (500 units) : Rs. 2,000 Cost of production (10000 units) : Rs. 50,000 Closing...

Design and Use of a Dynamic Accounting Model in Decision Making at Tata Company: An Accounting Capstone Case Highlights Undergraduate accounting capstone course teaching case. Integrates financial...

Please I need help with this assignment Design and Use of a Dynamic Accounting Model in Decision Making at Tata Company: An Accounting Capstone Case Highlights Undergraduate accounting capstone...

In a factory, Mr. S took 30 hours to complete a job. The factory cost of the job is 35,200. Raw material cost of the job is 4,000. Hourly rate of wages is 20. Works overhead is recovered on the job...

help QUESTION 3 Seremban Electronics Sdn Bhd employs both skilled and semi - skilled workers in their production department. Skilled workers are paid based on hours work at normal rate of RM 1 2 per...

In Chapter 3, you were introduced to 3 types of costs associated with a manufactured product ? direct materials, direct labor, and manufacturing overhead. Explain how these costs are associated with...

Using EES (or other) software, investigate the effect of the inlet area on the mass flow rate, exit temperature, and the exit area. Let the inlet area vary from 50 cm2 to 150 cm2. Plot the final...

You are faced with downsizing payroll costs by 12%. Currently GCC has 648 employees, all non-union. The event that has triggered the need to downsize is the recent tariffs placed on the plastics...

In May ( current year ) , HBO hosted a premiere for Season 2 of The Last of Us . To encourage a large attendance for the premiere broadcast, HBO gave out "swag" bags to all attendees who stayed until...

Jill Harrington, a manager at Jennings Company, is considering several potential capital investment projects. Data on these projects follow: Initial investment Annual cash inflows PV of cash inflows...