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Forums › FIA Forums › FA1 Recording Financial Transactions Forums › Help with some questions in lecture notes
Hi
In chapter 4 question 6 the answer says A but I think it should be B $40.
Chapter 8 exercise 1 – How is the premium that could be associated with the extra units calculated? As in logic because I can’t understand how it is logically calculated.
CH4 Q6, yes should say B
CH8. Each unit should take 20 minutes is 1/3 hour
Wage bill
Basic 44 x 7 = 308
OT premium 4 x 7 x 0.5 = 14
Total = 322
15 extra units paid 5 each 75
Less OT for 15 extra units 15 x 1/3 x 7 x 0.5 = 17.5
322 + 75 – 17.5 = 379.5
Thanks Ken now I understand it 🙂 I appreciate the help.