Labour costs
System
Posts: 100,534 🤖 Admin 🤖
Hi hoping someone can help me ?
" a manufacuring business pays its production workers on a time rate basis. A bonus is paid where production is compelted faster than the standard hour output, the bonus us paid at half of the time rate for production time saved. How much will the following employee earn for the week:-
M Wilson Time Rate £7 per hour, Hours worked 38 hours, Standard hour output 24 units, Actual production 940 units.
What will this employee earn for the week, and how do you get to the answer ?
Many thanks Janine
" a manufacuring business pays its production workers on a time rate basis. A bonus is paid where production is compelted faster than the standard hour output, the bonus us paid at half of the time rate for production time saved. How much will the following employee earn for the week:-
M Wilson Time Rate £7 per hour, Hours worked 38 hours, Standard hour output 24 units, Actual production 940 units.
What will this employee earn for the week, and how do you get to the answer ?
Many thanks Janine
0
Comments
-
0
-
Re:Labour costs
The direct link to Annette's part answer (if you can't find it) is here;
http://www.accountancystudents.co.uk/forums/search.php?search_author=Bluewednesday
She's also doing the unfortunate person out of 2.3 pence despite the old saying that every penny counts!
Robert
EDIT; Oops sorry Annette, false accusation! That'll teach me to link to the whole answer in future! :oops:0