Following employees are, employed by the Barnett Bay Canning Company, and submitted the following labor data for
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Question:
- Following employees are, employed by the Barnett Bay Canning Company, and submitted the following labor data for the first week in June:
Marry370 units 40 hours
Tom410 units 40 hours
William 470 units 40 hours
Tim540 units 40 hours
Ton560 units 40 hours
Required: A schedule showing efficiency ratio, employee earnings, unit labor cost, unit over head cost, and conversion cost per unit., assuming a 100 percent bonus plan with a base wage of $4 per hour and a standard production rate of 10 units per hour overhead is 2.80 per hour.
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