Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Differential piecework payment scheme – calculating wages
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- June 6, 2022 at 12:28 pm #657522
A differential piecework payment scheme operates in the packing department of a factory. Straight piece rate is $ 10 per unit. Details of the scheme are as follows:
Units packed per week ——- premium rate per unit
1-2000 units per week ——- 50 cents per unit
2001 to 3000 units per week ——- 65 cents per unit
3001 to 4000 units per week ——- 75 cents per unit
Only extra units packed, over the previous threshold, qualify for the higher rates.
If 3240 units were packed, how much would be paid in wages??
A. $15,274
B. $ 24, 876
C. $ 30,000
D. $ 34, 230
I get D by calculating premium rates for 3240 units and adding in the standard ($ 3240 * $ 10).
Is this solution correct??
June 6, 2022 at 4:17 pm #657538It seems to be (but why on earth are you attempting a question for which you do not have an answer? You should be using a Revision Kit from one of the ACCA Approved Publishers – they have answers and explanations 🙂 )
June 14, 2022 at 7:02 pm #658747Thank you for your response.
Yes, I am doing the BPP kit. I just found this question in a book (published by a local accountancy school).
June 15, 2022 at 6:53 am #658782You should not waste time attempting questions for which you do not have an answer 😉
Stick to the BPP Kit 🙂
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