CuzB Ent. is a local business that produces and sells healthy snacks locally. To maintain the...
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CuzB Ent. is a local business that produces and sells healthy snacks locally. To maintain the quality of their product, the employees are categorized into skilled and semi-skilled. Below are the basis of wages payment according to their categories: Employee category Skilled worker Basis of wages Differential rate Semi-skilled worker Rate Up to 100 RM3.00 101-200 RM3.50 201-300 RM4.00 Above 300 RM4.50 RM 3.80 per unit GMW RM850.00 Piece rate with minimum guaranteed wage The data for three employees for the last week of June 2022 are as follows Category Skilled Semi-skilled Employee Eza Mimi Hours worked 45 40 Unit produced 250 200 Time allowed to produce one unit of product is 12 minutes for skilled and 15 minutes for semi-skilled workers. To encourage employee to achieve zero defect, employees are paid bonus on 30% of time saved at the rate of RM8.00 per hour. Required: Calculate basic wages, overtime premium, bonus and gross wages for each employee. CuzB Ent. is a local business that produces and sells healthy snacks locally. To maintain the quality of their product, the employees are categorized into skilled and semi-skilled. Below are the basis of wages payment according to their categories: Employee category Skilled worker Basis of wages Differential rate Semi-skilled worker Rate Up to 100 RM3.00 101-200 RM3.50 201-300 RM4.00 Above 300 RM4.50 RM 3.80 per unit GMW RM850.00 Piece rate with minimum guaranteed wage The data for three employees for the last week of June 2022 are as follows Category Skilled Semi-skilled Employee Eza Mimi Hours worked 45 40 Unit produced 250 200 Time allowed to produce one unit of product is 12 minutes for skilled and 15 minutes for semi-skilled workers. To encourage employee to achieve zero defect, employees are paid bonus on 30% of time saved at the rate of RM8.00 per hour. Required: Calculate basic wages, overtime premium, bonus and gross wages for each employee.
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Related Book For
Management Accounting
ISBN: 9780730369387
4th Edition
Authors: Leslie G. Eldenburg, Albie Brooks, Judy Oliver, Gillian Vesty, Rodney Dormer, Vijaya Murthy, Nick Pawsey
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