Question
In: Accounting
the following information pertains to Mr. G low, an employee of BT manufactures who receive a...
the following information pertains to Mr. G low, an employee of BT manufactures who receive a weekly wage: Normal time ( 5days) 45.0 hours, Actual hours work-week 23 47.5 hours, Normal rate per hour $ 10.50, Overtime pay : time and a half, Pension fund contibutions based on normal wage: 1. employer contibution 5%, 2. employees contribution 7.5%, Medical aid fund: 3. 50% contrubution by employer $45,00, 4. 50% contibution by employee $ 45,00, Social security contributions $ 5,00, Income tax payable on taxable income 15%. REQUIRED: calculate the net wage for Mr Low for weeks 23
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Black Tyres (BT) manufactures and sells two products in Australia: low-budget tyres and high performance tyres....
Black Tyres (BT) manufactures and sells two products in
Australia: low-budget tyres and high performance tyres. Low-budget
tyres are made from hard rubber for durability while high
performance tyres are made from softer rubber for superior grip in
wet conditions. When the low-budget model was introduced in the
market, another competitor from India introduced low priced tyres
with almost alike features. Due to this, the Sales Director decides
to reduce the price of low-budget tyres so that sales do not...
Walsh Company manufactures and sells one product. The following information pertains to each of the company’s...
Walsh Company manufactures and sells one product. The following
information pertains to each of the company’s first two years of
operations:
Variable costs per unit:
Manufacturing:
Direct materials
$
20
Direct labor
$
13
Variable manufacturing overhead
$
4
Variable selling and administrative
$
3
Fixed costs per year:
Fixed manufacturing overhead
$
320,000
Fixed selling and administrative expenses
$
70,000
During its first year of operations, Walsh produced 50,000 units
and sold 40,000 units. During its second year of...
Walsh Company manufactures and sells one product. The following information pertains to each of the company’s...
Walsh Company manufactures and sells one product. The following
information pertains to each of the company’s first two years of
operations:
Variable costs per unit:
Manufacturing:
Direct materials
$
29
Direct labor
$
15
Variable manufacturing overhead
$
3
Variable selling and administrative
$
2
Fixed costs per year:
Fixed manufacturing overhead
$
320,000
Fixed selling and administrative expenses
$
70,000
During its first year of operations, Walsh produced 50,000 units
and sold 40,000 units. During its second year of...
Haas Company manufactures and sells one product. The following information pertains to each of the company’s...
Haas Company manufactures and sells one product. The following
information pertains to each of the company’s first three years of
operations:
Variable costs
per unit:
Manufacturing:
Direct
materials
$
28
Direct
labor
$
20
Variable
manufacturing overhead
$
4
Variable selling
and administrative
$
3
Fixed costs per
year:
Fixed
manufacturing overhead
$
210,000
Fixed selling
and administrative expenses
$
150,000
During its first year of operations, Haas produced 60,000 units
and sold 60,000 units. During its second year of...
Walsh Company manufactures and sells one product. The following information pertains to each of the company’s...
Walsh Company manufactures and sells one product. The following
information pertains to each of the company’s first two years of
operations:
Variable costs per unit:
Manufacturing:
Direct materials
$
24
Direct labor
$
13
Variable manufacturing
overhead
$
5
Variable selling and
administrative
$
4
Fixed costs per year:
Fixed manufacturing
overhead
$
240,000
Fixed selling and administrative
expenses
$
50,000
During its first year of operations, Walsh produced 50,000 units
and sold 40,000 units. During its second year of...
Haas Company manufactures and sells one product. The following information pertains to each of the company’s...
Haas Company manufactures and sells one product. The following
information pertains to each of the company’s first three years of
operations:
Variable costs per unit:
Manufacturing:
Direct materials
$
30
Direct labor
$
22
Variable manufacturing overhead
$
6
Variable selling and administrative
$
2
Fixed costs per year:
Fixed manufacturing overhead
$
540,000
Fixed selling and administrative expenses
$
240,000
During its first year of operations, Haas produced 60,000 units
and sold 60,000 units. During its second year of...
Walsh Company manufactures and sells one product. The following information pertains to each of the company’s...
Walsh Company manufactures and sells one product. The following
information pertains to each of the company’s first two years of
operations:
Variable costs per unit:
Manufacturing:
Direct materials
$
21
Direct labor
$
14
Variable manufacturing
overhead
$
2
Variable selling and
administrative
$
1
Fixed costs per year:
Fixed manufacturing
overhead
$
240,000
Fixed selling and administrative
expenses
$
80,000
During its first year of operations, Walsh produced 50,000 units
and sold 40,000 units. During its second year of...
Ogilvy Company manufactures and sells one product. The following information pertains to each of the company’s...
Ogilvy Company manufactures and sells one product. The following
information pertains to each of the company’s first three years of
operations:
Variable cost per unit:
Direct materials
$
30
Fixed costs per year:
Direct labor
$
1,702,000
Fixed manufacturing overhead
$
836,000
Fixed selling and administrative expenses
$
290,000
The company does not incur any variable manufacturing overhead
costs or variable selling and administrative expenses. During its
first year of operations, Ogilvy produced 74,000 units and sold
74,000 units. During...
Walsh Company manufactures and sells one product. The following information pertains to each of the company’s...
Walsh Company manufactures and sells one product. The following
information pertains to each of the company’s first two years of
operations:
Variable costs per unit:
Manufacturing:
Direct materials
$
21
Direct labor
$
11
Variable manufacturing
overhead
$
5
Variable selling and
administrative
$
4
Fixed costs per year:
Fixed manufacturing
overhead
$
320,000
Fixed selling and administrative
expenses
$
90,000
During its first year of operations, Walsh produced 50,000 units
and sold 40,000 units. During its second year of...
Walsh company manufactures and sells one product. The following information pertains to each of the company...
Walsh company manufactures and sells one product. The
following information pertains to each of the company s first two
years of operations.
Direct materials. 25$
Direct
labor.
10$
Variable manufacturing overhead 4$
Variable selling and administrative. 3$
Fixed manufacturing overhead. 240000$
Fixed selling and administrative expenses. 60000$
During its first year of operations , Walsh produced 50000 units
and sold 40000 units. During its second year of operations , it
produced 40000 units and sold 50000 units. The selling price...
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