The following facts relate to the firm ABC Pty Ltd:

1)the base wage rate for the workers is $12 per hour

2)employees are entitled to four weeks annual leave

3)sick leave entitlement is five days on full pay

4)there are ten public holidays

5)workers compensation insurance is 15% of gross wages

6)payroll tax is 5.25% of gross wages

7)the company contributes an amount equal to 9% of gross wages to the staff superannuation fund.

8)employees work a forty-hour week.

.a.Calculate the accrual hourly rates to bring to account the cost of all labour-related costs.

b.Calculate an hourly composite charge-out rate that will recover all labour costs for the company.

Answer rating: 100% (QA)

To calculate the accrual hourly rates for laborrelated costs a 1 Base wage rate 12 per hour 2 Annual ... View the full answer