unit 6 labour hours

A-Vic
A-Vic Registered Posts: 6,970 Beyond epic contributor 🧙‍♂️
just working on a question 3.1 in the ozborne book and my answer doesnt match theres

£7 per hour / 38 worked / standard 24 units / actual 940 units

the answer i get is

7x38 = 266 + 4.13 bouns

but the answer showing is 270.08 ?? can someone show me where am going wrong please

Thanks

vic

Comments

  • SandyHood
    SandyHood Registered, Moderator Posts: 2,034 mod
    Please can you add some more details?
    It would help those of us who don't have the book to hand.
    Sandy
    sandy@sandyhood.com
    www.sandyhood.com
  • A-Vic
    A-Vic Registered Posts: 6,970 Beyond epic contributor 🧙‍♂️
    SandyHood wrote: »
    Please can you add some more details?
    It would help those of us who don't have the book to hand.

    sorry sandy it states that a bonus is paid where production is completed faster than the standard hour input; the bonus is paid at half of the time rate for production time saved.
  • SandyHood
    SandyHood Registered, Moderator Posts: 2,034 mod
    So the hours worked were 38
    Standard output per hour is 24
    the hourly rate is £7
    and a bonus of £3.50 per hour saved

    And actual output was 940
    Sandy
    sandy@sandyhood.com
    www.sandyhood.com
  • A-Vic
    A-Vic Registered Posts: 6,970 Beyond epic contributor 🧙‍♂️
    SandyHood wrote: »
    So the hours worked were 40
    Standard output per hour is 24
    the hourly rate is £7
    and a bonus of £3.50 per hour saved

    And actual output was 940

    Yes so i get 28 units to be paid time bonus, so

    24 units = 3.50
    4 units?
  • SandyHood
    SandyHood Registered, Moderator Posts: 2,034 mod
    £7 x 38 hrs = £266
    28 units over the standard = 1.1666666 hours @ £3.50/hr = £4.08333

    Total £270.08
    Sandy
    sandy@sandyhood.com
    www.sandyhood.com
  • A-Vic
    A-Vic Registered Posts: 6,970 Beyond epic contributor 🧙‍♂️
    SandyHood wrote: »
    £7 x 38 hrs = £266
    28 units over the standard = 1.1666666 hours @ £3.50/hr = £4.08333

    Total £270.08

    Great thanks Sandy now i get it :001_smile:
  • SandyHood
    SandyHood Registered, Moderator Posts: 2,034 mod
    This thread had become tucked away. As the payment of bonuses has been highlighted in the standards by an article in Accounting Technician, I've moved this up the forum.
    I think bonus payments will be assessed in one of the ECR exams (D09 or J10)
    Sandy
    sandy@sandyhood.com
    www.sandyhood.com
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