Rosy Williams Company Ltd deals in the manufacture of leather bags for children. The firm pays its workers using the piece work with guaranteed system. The outputs of the employees; Nadine and Erica, in a day of 10 hours were 150 bags and 181 bags respectively. The guaranteed time rate is C45 per hour whilst the piece rate is C2.5 per bag (unit). As an accountant, what would be the daily wages of these employees?

Rosy Williams Company Ltd deals in the manufacture of leather bags for children. The firm pays its workers using the piece work with guaranteed system. The outputs of the employees; Nadine and Erica, in a day of 10 hours were 150 bags and 181 bags respectively. The guaranteed time rate is C45 per hour whilst the piece rate is C2.5 per bag (unit). As an accountant, what would be the daily wages of these employees?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 5PB: Blake Cohen Painting Service specializes in small paint jobs. His normal charge is $350/day plus...

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