Cost accounting

Section - II Answer any three (3) from the following: (3*5 = 15 Marks) 15.00 Mr. Mohammed earns OMR 40 per hour for up to 400 units of production per day. If he produces more than 400 units per day, he will (l receive an additional piece rate of OMR 0.80 per unit. Assume that his hours worked and piece finished for the week just ended were as follows: (4+1 = 5Marks) Piece finished Hours Day 550 8 Mon 600 8 400 Tue Wed 8 350 8 Thu 380 8 Fri A) Determine Mr. Zaheran's earnings for each day and for the week B) Prepare a journal entry to distribute payroll, assuming that any make-up guarantees are charged to factory overhead