earnings of G. Henry using the straight piecework incentive scheme vided bolow
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Calculate the earnings of G. Henry using the straight piece incentive scheme from the information provided below.
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- COMPUTING OVERTI ME RATE OF PAY AND GROSS WEEKLY PAY Rebecca Huang receives a regular salary of 2,600 a month and is paid 1 times the regular hourly rate for hours worked in excess of 40 per week. (a) Calculate Huangs overtime rate of pay. (b) Calculate Huangs total gross weekly pay if she works 45 hours during the week.Calculate the earnings of G. Henry using the straight piecework incentive scheme from theinformation provided below.INFORMATIONG. Henry is employed by Royal Manufacturers and is paid R250 per hour. His normal working day is 9 hours. Thestandard time to produce a product is 5 minutes. If G. Henry produces more than his quota, he receives 1½ timesthe hourly rate on the additional output. G. Henry produced 132 units for the day.1) Calculate Mary’s earnings for 31 October 2023 using the straight piecework wage incentive scheme. Information Mary is employed by Menton Manufacturers to sew dresses. The standard time to sew one dress is 40 minutes. She is paid R120 per hour and the normal working time is 8 hours per day. If she sews more than her quota, she receives 1.5 times the hourly rate on the additional output. On 31 October 2023 she sewed 18 dresses. _________________________________________________________________________________ 2) Calculate the net salary of H. Gordon for December. H. Gordon’s basic annual salary is R240 000. He receives an annual bonus of 80% of his basic monthly salary, payable in December each year. His pension deduction is 8% of the basic salary and income tax is levied at 20% on his taxable income. _________________________________________________________________________________ 3) Calculate the economic order quantity for the year. Suntan Limited produces a product which has a…
- 1.1 Calculate the daily remuneration of W. Rooney using Taylor’s differential piecework system from the information provided.INFORMATIONThe following information relates to W. Rooney, an employee of Manchester Enterprises:1. W. Rooney’s standard workday is 9 hours. His standard production time is 55 units per hour.2. His normal wage rate is R73 per hour. He is remunerated in terms of Taylor’s differential piecework system wherebythe following premium applies:3. 80% of piecework rate if below standard4. 120% of piecework rate if standard or above standard5. W. Rooney’s production is 300 units per day.1.1 ) A steel bar manufacturer business can make 15000 bar a week. It is determined that to achieve this production, the company need to spend 90000 pesos weekly for materials, utilities and transportation. The manager also pays a fixed cost of 10000 pesos per week. HOW MUCH per steel bar should they sell to gain a profit of 40% of the total cost?PSb 2-9 Calculate Gross Pay Based on an Incentive Plan Calculate gross pay for each of the following four employees of Person Mover Corp. The company offers a regular wage rate of $9.90/hour to all employees. Under an incentive plan in place for all employees, this rate increases for any employee who can meet weekly production goals. The increased rates and corresponding thresholds that must be met are as follows: $7.30/hour for producing at least 550 units $9.70/hour for producing at least 720 units $5.20/hour for producing at least 1,000 units $7.70/hour for producing at least 1,310 units All employees are paid an overtime wage rate that is 1.5 times their respective regular wage rates. 1:wiel jon worked 42 hours and produced 882 units. Gross pay= Gross Pay = $
- E3-3 Modified wage plan. Randy Wetzel earns $30 per hour for up to 500 units of production per day. If he produces more than 400 units per day, he will receive an additional piece rate of $0.55per unit. Assume that his hours worked, and pieces finished for the week just ended were as follows: Day Hours Worked Pieces Finished Monday 8 415 Tuesday 8 400 Wednesday 8 525 Thursday 8 300 Friday 8 440 a.Determine Wetzel’s earnings for each day and for the week. b.Prepare the journal entry to distribute the payroll, assuming that any make-up guarantees are charged to Factory Overhead. E3-6 Journal entries for payroll A partial summary of the payroll data for Long Inds. for each week of Juneis as follows: 7-Jun 14-Jun 21-Jun 28-Jun Gross earnings $35,550…The piecework rate in a factory is GH¢2 per unit and the minimum pay is GH¢42/day. A bonus of GH¢5 is paid in addition to the piecework rate if more than 30 units are made in a day. On Monday, Harry makes 20 units. On Tuesday to Friday he makes 21, 24, 32 and 27 respectively. The gross amount earned by Harry isA. GH¢210B. GH¢248C. GH¢253D. GH¢25510. A factory worker who is being paid per piece of finished merchandise desires to have a daily average wage of ₱500. For each piece he makes, he is paid ₱30. For the past 3 days, he has been able to make an average production of 10 pieces a day. By working overtime the next day, how many more pieces of merchandise must he produce in order to achieve his desired average daily wage?
- Part 1: Giselle Rodriguez owns Rodriguez Art Studio in Havana, Cuba. It has fixed overhead costs of $3,000 per month. The variable cost is $5 and the price is $20, per person per art lesson. There are typically 500 customers each month. a) Construct a fully labeled break even chart for Rodriguez Art Studio Part 2: Using the following figures from Rodriguez Art Studio's. Figures are: Interest $8,000, Tax $9,200, Cost of Goods Sold $200,000. Net Profit before Interest and tax $100,000. Slaes Revenue $450,000. b) Construct a fully labeled Income Statement for Rodriguez Art Studio as of 31 December 2018. Part 3: Using the following figures from Rodriguez Art Studio's Balance Sheet. Figures are Sales Revenue $91,000, Stock $20,000, Current liabilities $35,000 and Current Assets $110,000. c) Comment on the liquidity position the the Studio. Part 4: Using the following data: - Sales revenue: $10,000 March, $10,000 April, $9,000 May, $11,000 June - Payment from customers is 50% paid in…It costs Homer's Manufacturing $0.75 to produce baseballs and Homer sells them for $4.00 a piece. Homer pays a sales commission of 5% of sales revenue to his sales staff. Homer also pays $12,000 a month rent for his factory and store, and also pays $75,000 a month to his staff in addition to the commissions. Homer sold 67,500 baseballs in June. If Homer prepares a contribution margin income statement for the month of June, what would be his contribution margin? Select one: a. $205,875 b. $334,125 c. $64,125 d. $270,000 e. $50,625It costs Homer's Manufacturing $0.65 to produce baseballs and Homer sells them for $4.00 a piece. Homer pays a sales commission of 5% of sales revenue to his sales staff. Homer also pays $16,000 a month rent for his factory and store, and also pays $81,000 a month to his staff in addition to the commissions. Homer sold 69,500 baseballs in June. If Homer prepares a traditional income statement for the month of June, what would be his gross profit? Question 30 options: $45,175 $278,000 $323,175 $232,825
