59. XYZ Ltd employs workers for a single shift of 8 hours for 25 days in...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
59. XYZ Ltd employs workers for a single shift of 8 hours for 25 days in a month. The company has recently fixed the standard output for a mass production item and introduced an incentive scheme to boost the out- put. Details of wages payable to the workers are as follows: ) Basic wages/piece-work wages @ Rs. 2 per unit sub- ject to a guaranteed minimum wages of Rs. 60 per day. (ii) DA at Rs. 40 per day. (iii) Incentive bonus: Standard output per day per worker: 40 units Incentives bonus up to 80% efficiency: Nil Incentives bonus for efficiency above 80%: Rs.50 for every 1% increase above 80% The details of performance of four workers for the month are as follows: Worker No. of Days Worked 25 Output (Units) A 820 18 500 25 910 D 24 780 Calculate the total eamings of each of the workers 59. XYZ Ltd employs workers for a single shift of 8 hours for 25 days in a month. The company has recently fixed the standard output for a mass production item and introduced an incentive scheme to boost the out- put. Details of wages payable to the workers are as follows: ) Basic wages/piece-work wages @ Rs. 2 per unit sub- ject to a guaranteed minimum wages of Rs. 60 per day. (ii) DA at Rs. 40 per day. (iii) Incentive bonus: Standard output per day per worker: 40 units Incentives bonus up to 80% efficiency: Nil Incentives bonus for efficiency above 80%: Rs.50 for every 1% increase above 80% The details of performance of four workers for the month are as follows: Worker No. of Days Worked 25 Output (Units) A 820 18 500 25 910 D 24 780 Calculate the total eamings of each of the workers
Expert Answer:
Related Book For
Managerial economics
ISBN: 978-1118041581
7th edition
Authors: william f. samuelson stephen g. marks
Posted Date:
Students also viewed these accounting questions
-
The company has recently designed two different types of feed. Both are ideally balanced for different animals, and have received a lot of attention at recent trade shows and state fairs. They have...
-
The company has recently concluded a multimillion dollar contract to supply products to a third-world country. The first elite group of engineers from that country has just completed a two-month...
-
A warehouse employs 24 workers on first shift and 17 workers on second shift. Eight workers are chosen at random to be interviewed about the work environment. Find the following probabilities. a. The...
-
Choose any company from Muscat Security Market and download its recent balance sheet and income statement (Attach them to the assignment). Find and interpret the result of the following ratios: a....
-
Discuss the role of qualitative research in helping P&G to increase its share of the toothpaste market.
-
You have been talking to your project team about the importance of scrubbing dirty data. Some team members have asked you for examples of dirty data and its impact on companies. They dont see it as a...
-
A happy Call option is a Call option with payoff \(\max (\alpha S, S-K)\). So we always get something with a happy Call! If \(C_{1}\) and \(C_{2}\) are the prices of two call options with strikes \(n...
-
Discuss the factors used to classify retail establishments and list the types within each classification.
-
Given the information below. Account Names Debit Cash $ 31,700 Supplies 560 Deferred Revenue Salaries and Wages Payable Income Tax Payable Interest Payable Notes Payable (long-term) Common Stock...
-
In a survey of 496 college students, it was determined that 356 owned an iPad. 293 owned a laptop. 285 owned a gaming system. 193 owned an iPad and a laptop. 200 owned an iPad and a gaming system....
-
Judith Thompson, the manager of the student center cafeteria, has added pizza to the menu. The pizza is ordered frozen from a local pizza establishment and baked at the cafeteria. Judith anticipates...
-
You are to choose 1 company from the Australia securities exchanges (ASX) and write an analysis report of their stock including a recommendation to buy or sell. (I choose Rio Tinto company) Note:...
-
Microbion Biosciences is a Bozeman, Montana, USA, biotechnology that is developing a new class of antibiotics. The primary market that Microbion intends to develop is the diabetic foot ulcer (DFU)...
-
Penguin Limited (PL) has Class A and Class B ordinary shares, with 80 million shares of Rs. 10 each and 15 million shares of Rs. 20 each respectively. PL issued a notice to its members and published...
-
Given the standard matrix B: [1 B = 2 Lo 5 -1 4 0 3 -21 a) Give the domain and codomain of the matrix transformation induced by B. b) Give the domain and codomain of the matrix transformation induced...
-
In Fig. Rod AB is rotating with an angular velocity of AB = 60 rad/s. Deter- mine the velocity of the slider C at the instant 0 = 60 and = 45. Also, sketch the position of the system when 6 = 30, 60,...
-
In 1992, the government of Kar removed all restrictions on oil imports. This change caused the unemployment rate in the Kar oil industry to more than double by 1994, even though Kar's overall...
-
on 8 For the following set of lengths 130, 170, 160, 160, 150, 190 Third quartile is: et red d out of Select one: O a. 160 a question O b. 145 O c. 175 O d. 180
-
The following table lists your companys sales during the last four years. a. A fellow manager points to the 15-unit increase between year 3 and year 4. Extrapolating this trend, he predicts 135 units...
-
Two buyers compete for an antique silver bowl in a sealed-bid auction. Each buyers value is drawn independently from the range of $0 to $1,000 with all values in the range equally likely. Buyer 1s...
-
Often, firms charge a range of prices for essentially the same good or service because of cost differences. For instance, filling a customers onetime small order for a product may be much more...
-
When translating Acceletrons fi nancial statements into US dollars, Redline is least likely to use an exchange rate of USD per SGD: A . 0.671. B . 0.588. C . 0.654.
-
Based on Exhibit 1, what is the foreign exchange gain resulting from Transaction 3 on the December 31, 2016 fi nancial statements? A . NVK1.70 per ton B . NVK90.75 per ton C . NVK248.54 per ton
-
Which transaction would generate foreign currency transaction exposure for Ambleu? A . Transaction 1 B . Transaction 2 C . Transaction 3
Study smarter with the SolutionInn App