Babycom Limited manufacturer's different types of toys. The company engages three employees. Abel, Bilha, and Charles....
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Babycom Limited manufacturer's different types of toys. The company engages three employees. Abel, Bilha, and Charles. The following information relates to a certain week for the three employees: Abel Bilha Units produced Time allowed per unit 300 15 (minutes) Units rejected 74 Basic hourly rate (sh.) 30 Actual hours worked 48 Required: Determine for each employee: i. The amount of bonus payable ii. The gross wages payable iii. The wages cost per goods unit 528 7.5 (3 marks) (3 marks) (2 marks) 126 50 54 Charles 120 20 40 25 Additional information: A bonus is paid at 66 2/3% of basic hourly rate for all time saved. Owing to faulty materials creating an abnormally high rate of rejection, it was agreed to credit all output for bonus purposes. The eight hours worked in excess are paid at the basic hourly rate plus one-third and the next eight hours at the basic hourly rate plus one-half. A basic week has 40 hours. 40 5 Babycom Limited manufacturer's different types of toys. The company engages three employees. Abel, Bilha, and Charles. The following information relates to a certain week for the three employees: Abel Bilha Units produced Time allowed per unit 300 15 (minutes) Units rejected 74 Basic hourly rate (sh.) 30 Actual hours worked 48 Required: Determine for each employee: i. The amount of bonus payable ii. The gross wages payable iii. The wages cost per goods unit 528 7.5 (3 marks) (3 marks) (2 marks) 126 50 54 Charles 120 20 40 25 Additional information: A bonus is paid at 66 2/3% of basic hourly rate for all time saved. Owing to faulty materials creating an abnormally high rate of rejection, it was agreed to credit all output for bonus purposes. The eight hours worked in excess are paid at the basic hourly rate plus one-third and the next eight hours at the basic hourly rate plus one-half. A basic week has 40 hours. 40 5
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Answer rating: 100% (QA)
To determine the amount of bonus payable gross wages payable and wages cost per goods unit for each employee we need to follow the given information and calculations i Amount of bonus payable For Abel ... 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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