3) Maycee Company uses a differential piece rate to motivate its employees. The following differential rates apply: • 80% of piece rate below standard 120% of piece rate at above standard Worker A produces 200 units per day and Worker B produces 320 units per day. Required: Calculate the earnings of workers A and B under the differential piece rate system from the following particulars: a. Normal rate per hour at RM3.60, and b. Standard time per unit at 2 minutes.

3) Maycee Company uses a differential piece rate to motivate its employees. The following differential rates apply: • 80% of piece rate below standard 120% of piece rate at above standard Worker A produces 200 units per day and Worker B produces 320 units per day. Required: Calculate the earnings of workers A and B under the differential piece rate system from the following particulars: a. Normal rate per hour at RM3.60, and b. Standard time per unit at 2 minutes.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Calculate the earnings of workers, A, B and C under Merrick’s differential piece rate system from the following particulars: Normal rate per hour RO 10.800 Standard time per unit 30 seconds Output per day is as follows: Worker A - 780 units; Worker B - 900 units and Worker C - 1200 units. Working hours per day are 8.
6. Calculate the earnings of workers, A, B and C under Merrick's differential piece rate system from the following particulars: Normal rate per hour Standard time per unit RO 10.800 30 seconds Output per day is as follows: Worker A - 780 units; Working hours per day are 8. Worker B - 900 units and Worker C - 1200 units.
5. From the following particulars, calculate the earnings of workers X and Y and also comment on the labor cost. Standard time allowed: 25 units per hour Normal time rate: RO 40 per hour Differential to be applied: I 80% of piece rate when below standard 120% of piece rate at or above standard In a particular day of 8 hours, X produces 180 units while Y produces 210 units
Calculate the earnings of workers X and Y under straight piece rate system and Taylor differential piece rate system from the following particulars. Normal rate per hour Rs. 1.80 Standard time per unit 20 Seconds Differential to be applied : 80% of piece rate below standard, 120% of piece rate at or above standard. Worker X produced 1,300 units per day (of 8 hours) and worker Y produced 1,500 units per day.
Illustration 2: Calculate the earnings under the Merrick differential system and comment on the effect of labour cost from the following particulars: Standard Production = 80units in a day of 8 years Time rate =$ 2/-per hour A produces = 75 units B produces = 80 units C produces = 100 units D produces = 64 units
Standard time per unit = 18 unitsStandard rate per hour = Rs. 64Differential to be used 80% and 120%.In a particular day if 8hours, worker P produced 32 units and worker Q produced 53 units Calculate the earnings of workers Mr. Robert & Mr. Michal through(a) Straight piece rate system and(b) Taylor's Differential piece rate system
oba Company uses differential piece rate to motivate its employees. 75% of piece rate below standard and 110% of piece rate at above standard. Worker A produces 150 units per day and worker B produces 180 units per day. Normal rate per hour is $2.20 and standard time per unit is 3 minutes. Assuming standard working hour is 8 hours per day, calculate the standard piece rate per unit. Select one: a. $0.10 per unit b. $0.12 per unit c. $0.11 per unit d. $0.08 per unit Question 28 Maximum usage and minimum usage for material X per week is 650 kilograms and 230 kilograms, respectively. Average usage is 420 kilograms. Re-order quantity is 2,000 kilograms. Lead time for material X is 7 to 9 weeks. Calculate Re-order Level. Select one: a. 3,360 kilograms b. 4,550 kilograms c. 3,780 kilograms d. 5,850 kilograms Direct labor cost is a part of: Conversion cost Prime cost A. No No B. No Yes C. Yes…
Che Farty Decent Industries has the following production schedule. The price of the product being produced is $5 in a purely competitive market On the following table, compute the Marginal Revenue Product for every "jump" between one level of workers and the next. Instructions: Enter your answers as whole numbers. Marginal Product Marginal Revenue Product Workers Output/Hour 0. 5. 20 4 20 Eces 10 35 15 45 The hourly wage for workers is $16. Assuming workers must be hired in increments as shown on the table, Fairly Decent Industries will keep hiring workers until it has workers, but no more. Prev 2 3 4 of 4 Next > e here to search %24
Joba Company uses differential piece rate to motivate its employees. 75% of piece rate below standard and 110% of piece rate at above standard. Worker A produces 150 units per day and worker B produces 180 units per day. Normal rate per hour is $2.20 and standard time per unit is 3 minutes. Assuming standard working hour is 8 hours per day, calculate the High Piece Rate. Select one: a. $0.10 per unit b. $0.08 per unit c. $0.11 per unit d. $0.12 per unit
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Joba Company uses differential piece rate to motivate its employees. 75% of piece rate below standard and 110% of piece rate at above standard. Worker A produces 150 units per day and worker B produces 180 units per day. Normal rate per hour is $2.20 and standard time per unit is 3 minutes. Assuming standard working hour is 8 hours per day, calculate the Low Piece Rate. Select one: a. $0.10 per unit b. $0.08 per unit c. $0.12 per unit d. $0.11 per unit
A company is setting its direct materials and direct labor standards for its leading product. Direct material costs from the supplier are $8.00 per square foot, net of purchase discount. Freight−in amounts to $0.10 per square foot. Basic wages of the assembly line personnel are $12.00 per hour. Payroll taxes are approximately 24% of wages. How much is the direct labor cost standard per hour? (Round your answer to the nearest cent.) A. $14.88 B. $2.88 C. $12.00 D. $22.88