Question: I need help to make the statement table for this case please accounting Financial equipment: In view of the foregoing and determining the number of

I need help to make the statement table for this case please
accounting Financial equipment:
In view of the foregoing and determining the number of new employees that you need to employ in the company, assuming the following data in the companys business:
- Number of transactions the company is expected to make per month: 1500
The time approved for reviewing a single transaction: 15 minutes
Hours per month:
The number of hours required to perform = the number of hours required to work in the month * (the number of minutes it takes to complete the transaction / the total total minutes per hour)
1500 * (15/60) =
= 375 hours
Number of people to perform = Number of hours to perform / Standard number per month
375/168 = 2 employees who need to be hired
( can you Suggest to the correct way since you say that The number of employees required is 2.23 , assuming that fractional employment is not possible the answer should be 3 & not 2 as with 2 employees the standard hours available will be 336 which is less than the required number of hours 375.)
 I need help to make the statement table for this case

Answer 1 of 1 Done Table Answer Table showing the calculations for the number of employees to be hired per month Particulars Formula Calculation Value Expected 1,500 number of transactions to be made by the company per month Time approved 15 for reviewing a minutes single transaction Hours required Number of 1,500 375 to perform per transactions * 15/60 hours month time approved per transaction / minutes per hour Standard hours 168 per month per employee Number of Number of hours (375/168 Employees to be performed required to be standard hours hired per month per Jemployee Note 1 The number of employees required is 2.23, assuming that fractional employment is not possible the answer should be 3 & not 2 as with 2 employees the standard hours available will be 336 which is less than the required number of hours 375. Horizontal Analysis Income Statement 3

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!