In a manufacturing concern the daily wages guaranteed to workers is Rs.2. The standard output for...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
In a manufacturing concern the daily wages guaranteed to workers is Rs.2. The standard output for the month is 1000 units representing 100% efficiency. The rate of wages is paid without bonus to those workers who show upto 66 2/3% efficiency. Beyond this, bonus is payable in a graded scale. 90% efficiency bonus 10%; 100% efficiency bonus 20%. Further increase of 1% bonus for every 1% further rise in efficiency. Calculate the earnings of A,B,C & D who have worked 26 days in a month and their output was 500, 900, 1000 and 1200 units respectively. In a manufacturing concern the daily wages guaranteed to workers is Rs.2. The standard output for the month is 1000 units representing 100% efficiency. The rate of wages is paid without bonus to those workers who show upto 66 2/3% efficiency. Beyond this, bonus is payable in a graded scale. 90% efficiency bonus 10%; 100% efficiency bonus 20%. Further increase of 1% bonus for every 1% further rise in efficiency. Calculate the earnings of A,B,C & D who have worked 26 days in a month and their output was 500, 900, 1000 and 1200 units respectively.
Expert Answer:
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Calculate rS for the following data representing the statistics grades, x, and psychology grades, y, of 18 students: 78 80 97 90 86 74 74 85 49 63 53 71 94 85 58 67 53 55 62 64 89 86 74 69 94 90 74...
-
Output per worker is expected to increase by 10 percent during the next year. Therefore, wages can also increase by 10 percent with no harmful effects on employment, output prices, or employer...
-
In a survey of Canadian workers who worked more than 50 hours per week, it was found that 334 workers surveyed were under 35 years of age and 401 workers were 35 to 55 years old. If one worker from...
-
IfAUB=AUC and An B=An C, then B = C. Statement-2 AU (BOC) = (AUB) n (AUC)
-
Ben Tools, Inc.s comparative balance sheets for December 31, 2014 and 2013, follow. During 2014, the company had net income of $96,000 and building and equipment depreciation expenses of $80,000 and...
-
Suppose you plan to retire at age 70, and you want to be able to withdraw an amount of $62,000 per year on each birthday from age 70 to age 100 (a total of 31 withdrawals). If the account which...
-
We consider again the system in Exercises 1 and 2 and make use of the same notation. We will study the limits T 0 and T . (a) In the limit T 0 compute the four probabilities given by Eq. (6.7) and...
-
Youngstown Glass Company manufactures three types of safety plate glass: large, medium, and small. All three products have high demand. Thus, Youngstown Glass is able to sell all the safety glass...
-
Use this website https://tradingeconomics.com/canada/government-debt-to-gdp. From a comparative standpoint, what can be said about the recent trend in Canada's and the USA's government debt to Gross...
-
On February 1, 2024. Arrow Construction Company entered into a three-year construction contract to build a bridge for a price of $8,300,000. During 2024, costs of $2,100,000 were incurred with...
-
Remote communication tools is a huge emerging trend that increased during the pandemic. I know at my company over half our employees are remote with no plans on returning to office. While remote work...
-
The fixed assets account of Brothers Inc. has a balance of $100,000 and $120,000 at the end of year 2016 and year 2015, respectively. The accumulated depreciation account balances are $50,000 and...
-
I. SIMPLE INTEREST: 1. How much is the amount and the accrued simple interest of $ 18,950; at 6.585% for seven years and nine months? 2. Find the difference between the exact simple interest and...
-
In class we discussed the following example of valuing the goodwill amortization in M&A: Term 15 Cost of debt 0.07 Tax 0.40 Example ($ ) Stock Purchase Price $60,000,000 Purchase Price Allocation...
-
6 m Two point charges, +8 nanoC and +2 nanoC are separated by 6 meters. What is the magnitude of the electric field (in N/C) midway between them? +8 nC P4 3 m +2 nC
-
Heather is planning to invest a constant amount of money at the end of every year for 15 years and then allow her money to accumulate interest for 15 more years without any additional deposits. If...
-
The price of Gatto Nero's shares increased from CHF 66.81 (per share) on 1/1/2022 to CHF 70.38 on 1/1/2023. Gatto Nero has about 1 million shares outstanding. During that period, the Swiss franc...
-
When the Department of Homeland Security created a color-coded system to prepare government officials and the public against terrorist attacks, what did it do right and what did it do wrong?
-
What does computer support offer to PERT and PERT/cost users?
-
L. J. Gant is a builder who has recently acquired a tract of unimproved real estate on which new houses will be built. Gant feels that the local housing market is strong enough to absorb all houses...
-
Can predetermined overhead rates be used in process costing? Explain.
-
The cost of living in Mexico is substantially below that of where Carter is now located: How would you go about developing a pay plan for your new manager if you decided to send an expatriate to...
-
What would you do now if you were Mr. Fisher?
-
How would you go about choosing a manager for a new Mexican store if you were Jack or Jennifer? For instance, would you hire someone locally or send someone from one of your existing stores? Why?
Study smarter with the SolutionInn App