Question

In: Accounting

1) A workman's wage for a guaranteed 44 week is Rs. 0.19 per hour. The week...

1) A workman's wage for a guaranteed 44 week is Rs. 0.19 per hour. The week time produce of

one article is 30 minutes and under incentive scheme the time allowed is increased by 20%.
During one week the workman manufactured 100 articles. Calculate his gross wages under
each of the following methods of remuneration:
a. Time rate b. Piece work with a guaranteed weekly wage c. Rowan premium bonus
d. Halsey premium bonus, 50% to workman

Solutions

Expert Solution

Below are the workings of wages calculated under various method:


ekkarill92 answered 1 year ago
Next > < Previous

Related Solutions

Given conditions, complete the wage calculation Craft-Mason Wage rate-$26.00 per hour Hours worked-50 hours per week...
Given conditions, complete the wage calculation Craft-Mason Wage rate-$26.00 per hour Hours worked-50 hours per week for 18 weeks and 40 hours per week for 19 weeks Paid vacation, holidays, and sick leave-Three weeks at 40 hours per week Overtirne-Time-and-a-halffor any hours over 40 per week Gas allowance-$100 per month Annual bonus-$500 Social security-6.2 percent on the first $106,800 of wages Medicare-lAS percent ofallwages FUTA-0.8 percent on the first $7,000 of wages SUTA--4.5 percent on the first $18,000 ofwages Worker...
Pairs of Red Socks per Worker per Hour (RS) Pairs of White Socks per Worker per...
Pairs of Red Socks per Worker per Hour (RS) Pairs of White Socks per Worker per Hour (WS) Manchester 3 3 Arsenal 2 1 The above table describes the Production Possibility Frontier (PPF) of two cities in the country of footballia. 1. Without trade, what is the price of white socks in terms of red socks in Manchester and in Arsenal? 2. Which city has an absolute advantage in the production of each color sock? Which city has a comparative...
Assume the gross wage of w=$10 per hour and gross non-wage income YN = $5000 per...
Assume the gross wage of w=$10 per hour and gross non-wage income YN = $5000 per year. Assume a maximum of 6,000 hours of leisure per year (T= 6000 per year ), so that full income for the worker is $65,000. Draw the budget constraint under each of the following taxes and transfer schemes. 1. A progressive tax on earnings where the tax rate is 20% on earnings up to $50,000 and 30% on earnings above $50,000.
1. Copy Center pays an average wage of $13 per hour to employees for printing and...
1. Copy Center pays an average wage of $13 per hour to employees for printing and copying jobs, and allocates $18 of overhead for each employee hour worked. Direct materials are assigned to each job according to actual cost. Jobs are marked up 20% above total manufacturing cost to determine the selling price. If Job M-47 used $370 of direct materials and took 15 direct hours of labor to complete, what is the selling price of the job? rev: 11_20_2019_QC_CS-191445...
Suppose that the equilibrium wage in the labor market is $8.00 per hour of labor. If...
Suppose that the equilibrium wage in the labor market is $8.00 per hour of labor. If a law increased the minimum wage from $7.25 to $10.00 per hour of labor, then A. both consumer surplus and producer surplus increase since the new price is higher. B. the resulting increase in producer surplus would be larger than any possible loss of consumer surplus. C. the resulting increase in producer surplus would be smaller than any possible loss of consumer surplus. D....
Factory workers at a company are paid a wage of $15 per hour. In addition, the...
Factory workers at a company are paid a wage of $15 per hour. In addition, the company pays benefits (vacation leave, sick leave, health insurance, etc.) equal to 75% of a worker’s base wage for a 40-hour week. Workers are paid 1.5 times the hourly rate for any overtime hours worked in excess of 40 hours during a week, but no additional benefits are paid for overtime work. a) How much wages will a worker receive for working 40, 42,...
Factory workers at a company are paid a wage of $15 per hour. In addition, the...
Factory workers at a company are paid a wage of $15 per hour. In addition, the company pays benefits (vacation leave, sick leave, health insurance, etc.) equal to 75% of a worker’s base wage for a 40-hour week. Workers are paid 1.5 times the hourly rate for any overtime hours worked in excess of 40 hours during a week, but no additional benefits are paid for overtime work. a) How much wages will a worker receive for working 40, 42,...
Factory workers at a company are paid a wage of $15 per hour. In addition, the...
Factory workers at a company are paid a wage of $15 per hour. In addition, the company pays benefits (vacation leave, sick leave, health insurance, etc.) equal to 75% of a worker’s base wage for a 40-hour week. Workers are paid 1.5 times the hourly rate for any overtime hours worked in excess of 40 hours during a week, but no additional benefits are paid for overtime work. a) How much wages will a worker receive for working 40, 42,...
On April 1, 1992, New Jersey’s minimum wage was increased from $4.25 to $5.05 per hour,...
On April 1, 1992, New Jersey’s minimum wage was increased from $4.25 to $5.05 per hour, while the minimum wage in Pennsylvania stayed at $4.25 per hour. Energetic students collected data on 410 fast food restaurants in New Jersey (the treatment group) and eastern Pennsylvania (the control group). The “before” period is February 1992, and the “after” period is November 1992. Using these data, we will estimate the effect of the “treatment,” raising the New Jersey minimum wage on employment...
On April 1, 1992, New Jersey’s minimum wage was increased from $4.25 to $5.05 per hour,...
On April 1, 1992, New Jersey’s minimum wage was increased from $4.25 to $5.05 per hour, while the minimum wage in Pennsylvania stayed at $4.25 per hour. Energetic students collected data on 410 fast food restaurants in New Jersey (the treatment group) and eastern Pennsylvania (the control group). The “before” period is February 1992, and the “after” period is November 1992. Using these data, we will estimate the effect of the “treatment,” raising the New Jersey minimum wage on employment...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT