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A company operates a piecework system of remuneration, but also guarantees its employees a minimum wage of $10 per hour for an 8 hour day.
The standard time allowed per unit for output is 4 minutes. Piecework is paid at the rate of $12 per hour.
If an employee produces 150 units on a particular day, what will be their total pay for that day?
You do not say which part of the question is causing you a problem.
If they produce 150 units, then the standard time is 150 x 4 / 60 hours. At the piecework rate these hours are paid at $12 per hour.
However they are guaranteed a minimum wage of 8 x $10 = $80.
So..they will be paid the piecework rate unless it comes to less than $80, in which case they will be paid $80.
thank u sir i got it !
i have written f2 CBE 20 days before but i didn’t pass i got 44% and now iam preparing again, but bit afraid the structure has changed ,previously i saw in open tution there was new specimen exam questions abt section B ,now it is not there. plz suggest me sources for section B. … reading sceniaro calculating questions take much time… i dont know how iam going to do it.. plz update f2 pilot paper full exam and extra MTQ’s ..and give some tips for exam……………..thank u sir i got it ! the calculation of 150x 4/60×12=120 is corrrect ,but 4/60 is 0.06 confused plz expain
i have written f2 CBE 20 days before but i didn’t pass i got 44% and now iam preparing again, but bit afraid the structure has changed ,previously i saw in open tution there was new specimen exam questions abt section B ,now it is not there. plz suggest me sources for section B. … reading sceniaro calculating questions take much time… i dont know how iam going to do it.. plz update f2 pilot paper full exam and extra MTQ’s ..and give some tips for exam……………..4/60 does not equal 0.6. It equals 0.06666 which makes a big difference.
The structure of the exam has changed but the syllabus is the same.
The ‘full exam and extra MTQ’s’ were on the ACCA’s website, but they have now been removed (so we can not update them!).
However the CBE exam was exactly the same as the paper based specimen paper, and that is still there.
If you need more practice on the multi-task section B questions then you should buy a new Revision Kit from one of the approved publishers.above answer abt 0.06666 is correct that makes really big difference …u were right
Good morning Mr Moffat,
Can you please explain where the 60 hours come from?
I am struggleling to understand this one.
Thank you very much.
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