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Help with some questions in lecture notes

Forums › FIA Forums › FA1 Recording Financial Transactions Forums › Help with some questions in lecture notes

  • This topic has 2 replies, 2 voices, and was last updated 9 years ago by alexabela22.
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  • June 5, 2016 at 5:38 pm #319662
    alexabela22
    Member
    • Topics: 2
    • Replies: 3
    • ☆

    Hi

    In chapter 4 question 6 the answer says A but I think it should be B $40.

    Chapter 8 exercise 1 – How is the premium that could be associated with the extra units calculated? As in logic because I can’t understand how it is logically calculated.

    June 6, 2016 at 12:48 pm #319851
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10593
    • ☆☆☆☆☆

    CH4 Q6, yes should say B

    CH8. Each unit should take 20 minutes is 1/3 hour

    Wage bill

    Basic 44 x 7 = 308

    OT premium 4 x 7 x 0.5 = 14

    Total = 322

    15 extra units paid 5 each 75

    Less OT for 15 extra units 15 x 1/3 x 7 x 0.5 = 17.5

    322 + 75 – 17.5 = 379.5

    June 7, 2016 at 8:18 am #320175
    alexabela22
    Member
    • Topics: 2
    • Replies: 3
    • ☆

    Thanks Ken now I understand it 🙂 I appreciate the help.

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