Can anyone please help me with this question regarding labour costs!
gianlucapensotti
Registered Posts: 12
I am unsure on how to answer the bonus payment section but the answer booklet says that the answer is 3000. Any idea on how it is done?
I have attached a copy of my notes.
Many thanks
I have attached a copy of my notes.
Many thanks
0
Comments
-
To calculate how much the actual output exceeded the budgeted in percentage
35000-38500/35000x100=10%
Therefore 10%x50=£500
£500x6 workers=£3000AAT Level 2. 2018 Distinction
AAT Level 3. 2018 Distinction
AAT Level 4. 2019 FSLC 100% MABU 93% MADC 82% PDSY 80%
Xero Certified Advisor0 -
Are you self studying?AAT Level 2. 2018 Distinction
AAT Level 3. 2018 Distinction
AAT Level 4. 2019 FSLC 100% MABU 93% MADC 82% PDSY 80%
Xero Certified Advisor0 -
thank you for the help, I am not self studying but I have just never seen a question like this before so it just confused me a little
0 -
Sorry I am still a little confused with this question. 10% x £50 = £5?
I can understand why you deduct 35000 from 38500 to get the difference of 3500 (increase of units) which is also 10%
and I can understand you multiply by 6 as there were 6 workers, but I don't understand the rest? If you can please explain that would be great!
0 -
Yes, I'm confused with the 10% x £50 = £5, as well! It would be great if you can help explain how you landed on the answer amount.1
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 18.9K For AAT students
- 259 NEW! Qualifications 2022
- 146 General Qualifications 2022 discussion
- 9 AAT Level 2 Certificate in Accounting
- 37 AAT Level 3 Diploma in Accounting
- 64 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 274 VAT
- 92 Software
- 274 Tax
- 137 Bookkeeping
- 7.3K General accounting discussion
- 193 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 352 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 590 Job postings
- 17 Who can benefit from AAT?
- 36 Where can AAT take me?
- 44 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 65 AAT membership