Question: PLZ SOLVE QUESTION NO1 AND QUESTION NO 2 , i will be very thankful LABOUR COSTING: Q1. Thomas is employed by a company who submitted

PLZ SOLVE QUESTION NO1 AND QUESTION NO 2 , i will be very thankful
LABOUR COSTING: Q1. Thomas is employed by a company who submitted the following labor data for the first week of June 2021: Days Monday Units 560 units Hours 7 Tuesday 350 units 7 Required: Prepare a schedule showing Thomas : i) Weekly Earnings ii) Labor cost per unit iii) Effective hourly rate iv) Conversion cost per unit Wednesday 490 units 7 Monday Tuesday Wednesday Thursday Friday Thursday 420 units 7 Assuming that company uses 100% bonus plan with a wage rate of 35 per hour. The standard production rate is 42 units per hour and FOH is charged at Rs.8 per hour. Saturday 280 units 7 Q2. West-Chester produces printed circuits for the electronic industry. The firm has recently initiated 80% bonus plan with standard production set at 50 units per hour. 3800 units 4500 units 4600 units 4500 units 4400 units The company employs 10 workers on a 8 hour shift at $8 per hour. Depreciation on plant and equipment is $9.0 per hour and other overhead is applied at $7 per hour. Production for the first week under the 80% bonus plan was: Required: A schedule showing employee's earnings, unit labour cost, unit overhead cost, and conversion cost per unit
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
