Question: I need the answer as soon as possible 5. The Employees in a factory are paid wages at the rate of 14 per hour for

I need the answer as soon as possible I need the answer as soon as possible 5. The Employees in

5. The Employees in a factory are paid wages at the rate of 14 per hour for an eight hour shift. Each employee produces 5 unit per hour the overhead T20 direct labour hour. Employees and the management are considering the following piece rate wage proposal Per Unit() Upto 45 units per day of 8 hour From 46 units to 50 Units From 51 units to 55 units 3.30 From 56 units to 60 units Above 60 units 2.60 3.20 3.40 3.50 The working hours are restricted to a hour per day. Overhead rate does not change with increased production. Prepare a statement indicating advantages to employees as well as to management to production levels of 40,50,55,60 & 65 units

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!