Ecr dec 09

flower

Question 1.3. Can anyone tell me how the bonus is worked out at £8.75 and Total Group bonus £4375. I cannot see where in the question it tells you how many employees there are in the group.

SandyHood

Can you see the excess production (over and above the standard output for 800 x 5,000 hours)?
Divide this figure by the standard output to get a decimal
Multiply the answer by 25%

Then multiply your % by £10 to get an hourly rate

Then multiply by the hours worked

I cannot see where in the question it tells you how many employees there are in the group, but I didn't need that information.

We've done a lot of practice on this topic as it was featured in Accounting Technician in May 2009. See the examiner's article (the pdf one has the examples so is better than the text only version)

flower

Thanks for that Sandy

flower

Still struggling with this one. Excess 1,400,000/5,400,000 gives me 0.259/25% is giving me 0.0648. Can you advise where I am going wrong. Thanks

flower

I have worked it out now.
Thank you.