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Labour costs

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA BT – FIA FBT › Labour costs

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by Ken Garrett.
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  • Author
    Posts
  • April 23, 2020 at 7:26 pm #569073
    Zarbaf
    Participant
    • Topics: 1
    • Replies: 0
    • ☆

    Illustration Basic pay = $9/hour for a 40 hour week. Normal production in that time = 120 units Bonus = 50% of the time saved on production paid at time and a third
    What will be the total wage in a week in which 150 units are made in 40 hours?
    Answer:
    $ Basic pay = 40 x $9 360 150 units should take 50 hours 150 units did take 40 hours Hours saved 10 hours Bonus = 50% x 10 x 9 x 1 ? = 60 Total pay 420
    I cant figure out how the bonus is 60 when 1 into one third is 0.33333?

    April 23, 2020 at 7:58 pm #569075
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10648
    • ☆☆☆☆☆

    50% x 10 x 9 x 1.33333 = 60

    360 + 60 = 420

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