Question: Respond ASAP Rate per Individual hours worked QUESTION THREE A factory manufactures three components A, B and C: During week 26, the following was recorded:
Rate per Individual hours worked QUESTION THREE A factory manufactures three components A, B and C: During week 26, the following was recorded: Labour Number of Grade Employees hour K 6. 40.00 18 32.00 III 4 28.00 1 16.00 40 42 40 44 %3D Output and standard times during the same week were: Standard Minutes Component Output (each) A 444 30 B 900 54 480 66 The normal working week is 38 hours, overtime is paid at a premium of 50% of the normal hourly rate A group incentive scheme is in operation. The time is expressed as a percentage of hours worked and is shared between the group as a proportion of the hours worked by each grade. The rate paid is 75% of the normal hourly rate. Required Calculate the total payroll showing the basic pay, overtime premium and bonus pay as separate totals for each grade of labour. (25 Marks)
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