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Accounting for labour

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Accounting for labour

  • This topic has 0 replies, 1 voice, and was last updated 10 years ago by Ketseletso.
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  • November 6, 2014 at 9:01 pm #208154
    Ketseletso
    Member
    • Topics: 2
    • Replies: 0
    • ☆

    payroll hours: Direct personnel. Indirect personnel
    Production. 432. 117
    Training. 24. –
    Iddle time. 32. 4
    Total. 488. 121
    Rate per hour return:
    Basic $7.50. $6.00
    Overtime Premium $2.50. $2.00
    There are 12 direct personnel and 3 indirect in the department.
    Group bonus for the week in total is $520
    Basic wage rates apply to a normal working week of 37 hrs
    Overtime is worked in order to meet general requirements of production
    Iddle time and time spend training during the week are regarded as normal.
    Expected payroll hrs of direct personnel in the week excluding time spent training; is required to be 470
    REQUIRED:
    Calculate the total amounts paid in a week( before group share bonus ) to direct and indirect personnel respectively
    Determine the total amounts to be charged as direct wages and indirect wages respectively.
    Calculate efficiency ratio relating to the direct personnel
    , expressed as a percentage. Can you please help me with how to attempt this question? Thank you

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