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Differential piecework payment scheme – calculating wages

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Differential piecework payment scheme – calculating wages

  • This topic has 3 replies, 2 voices, and was last updated 7 months ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • June 6, 2022 at 12:28 pm #657522
    menpagalhoon
    Member
    • Topics: 4
    • Replies: 1
    • ☆

    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 #657538
    John Moffat
    Keymaster
    • Topics: 56
    • Replies: 51576
    • ☆☆☆☆☆

    It 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 #658747
    menpagalhoon
    Member
    • Topics: 4
    • Replies: 1
    • ☆

    Thank 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 #658782
    John Moffat
    Keymaster
    • Topics: 56
    • Replies: 51576
    • ☆☆☆☆☆

    You should not waste time attempting questions for which you do not have an answer 😉

    Stick to the BPP Kit 🙂

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