[stasy]

Hi I am currently studying fa1 and ma1 need help in those papers. Any help would be greatly appreciated, you can message me back.

[stasy]

Question
1. Under what circumstances would overtime premium would be treated as a direct labour cost and those in which it would be treated as an overhead cost

2. Why a company might have to increase the inspection of finished goods if a bonus scheme is introduced?

[stasy]

Question.
Assume that the scheme was introduced and that in the month of January 2002 the production staff worked for a total of 4200 basic hours. During the month assume that 500 units of Product X were made of which 50 units were rejected as faulty. The basic rate of pay will remain at $3 per hour.

In order to calculate the bonus a standard product time of 10 hours is to be allowed for each good unit of Product X.
Bonus = Time saved × 50% basic rate per hour

Calculate the total bonus that would be payable to the production staff for January 2002

Need help with this calculations for the bonus

[stasy]

Hey am Stacy I am currently studying FA1 & MA1 need study partners to help with some of the topics I don’t understand.
Thanks

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