Slides Chap 4 CVP E Chap2 statement (3 Chapter 2 Slides (3) Chap2 statement (3 GIB Statement( chapter 3 M&L&DE + LT X O file:///C/Users/Mana/Desktop GBCOST%20ACOUNTING/GIB Statement chap3 materials&labour%20(5) pdf Page 8/12 ABOU Exercise 1 In a manufacturing department, therc are 4 assembly line workers, onc of them has lev 1 on this salary scale and 3 of them have lel 2 on this salary scak: month oss salary Fie beriefils 3DD f 200 olal sross salary 1700 f 400 f 1,000 alo Salary decductions 20% for income tax 5% for National social security (National insurance contribution) Employer supports 24% of national social security - Employees eam 14 salanies per year Ordinary hours of work are & hours per day, 5 days per week ldle time (time wasted) forcast is 10% During the ya (52 wooks), emiployees are entited to arinual leaVE (20 days) plus 12 public holidays per year, without loss of pay Required 1 -Calculate the net salary per month tor each kind ot salary scale given Prepare the Payroll entry 2- Calculale the hourly rale per each salary scale and for the whole dopartment Solution: Net salary per month per 75 10:40 O Escribe aqui para buscar Slides Chap 4 CVP E Chap2 statement (3 Chapter 2 Slides (3) Chap2 statement (3 GIB Statement( chapter 3 M&L&DE + LT X O file:///C/Users/Mana/Desktop GBCOST%20ACOUNTING/GIB Statement chap3 materials&labour%20(5) pdf Page 8/12 ABOU Exercise 1 In a manufacturing department, therc are 4 assembly line workers, onc of them has lev 1 on this salary scale and 3 of them have lel 2 on this salary scak: month oss salary Fie beriefils 3DD f 200 olal sross salary 1700 f 400 f 1,000 alo Salary decductions 20% for income tax 5% for National social security (National insurance contribution) Employer supports 24% of national social security - Employees eam 14 salanies per year Ordinary hours of work are & hours per day, 5 days per week ldle time (time wasted) forcast is 10% During the ya (52 wooks), emiployees are entited to arinual leaVE (20 days) plus 12 public holidays per year, without loss of pay Required 1 -Calculate the net salary per month tor each kind ot salary scale given Prepare the Payroll entry 2- Calculale the hourly rale per each salary scale and for the whole dopartment Solution: Net salary per month per 75 10:40 O Escribe aqui para buscar