A Worker's wage for a guaranteed 44-hour per week is $0.75 per hour. Estimated time to produce one article is 30 minutes and under incentive scheme the time allowed is increased by 20%. During a week the worker produced 100 articles. Calculate wages under: - Halsey plan Rowan plans

A Worker's wage for a guaranteed 44-hour per week is $0.75 per hour. Estimated time to produce one article is 30 minutes and under incentive scheme the time allowed is increased by 20%. During a week the worker produced 100 articles. Calculate wages under: - Halsey plan Rowan plans

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter3: Accounting For Labor

Section: Chapter Questions

Problem 3E

See similar textbooks

Related questions

Q: Huhu Company was incorporated on January 1, 2003, with the following authorized capitalization:…

A: Contributed capital is the total amount received towards capital by the issue of shares.

Q: On December 31, 2021, the Bobo company presented the following information: Ordinary share capital,…

A: Cost Value of Property, plant and equipment: P8,000,000 Book Value of Property, plant and equipment:…

Q: When the equity shares are issued for noncash consideration, the share capital is recorded at an…

A: Solution: When the equity shares are issued for noncash consideration, following are priority to…

Q: Statement of Realization & Liquidation of Riverdale is presented below: ASSETS: Assets to be…

A: Stockholder's equity is calculated using the formula of ending cash balance. The ending cash balance…

Q: A Company was incorporated on January 1, 2003, with the following authorized capitalizat 200,000…

A: Total contributed capital is the total amount of paid up capital.

Q: A capitalist partner is not allowed to enter into a new partnership if it is a competing business.…

A: Diligence – The obligation of the partner is to act diligently in her decisions on behalf of the…

Q: Exchange differences arising from the translation of financial statements of a foreign operation…

A: When company has subsidiary in the foreign country than the assets and liabilities are to be…

Q: On January 1, 2019, A Company purchased inventory with a list price of P4,400,000 and a cash price…

A: The carrying amount of the note on initial recognition is equivalent to the cash price of inventory.…

Q: Refer to the following data of SG Company: Assets to be realized 1,375,000 Liabilities liquidated…

A: The correct answer for the above mentioned question is given in the following steps for your…

Q: Hours Wait time 19.5 Process time 2.3 Inspection time 1.3 Move time 3.2 Queue time 10.3 The delivery…

A: Lets understand the basics. Delivery cycle time is a time from the taking the order of customer to…

Q: Problem 1. Our company is considering investing $5 million in R+D for a new product. There is a 50%…

A: Part 1: Should we go ahead with R&D? The R&D cost is $5 millions. Even if the company is…

Q: 1. On November 1, 2020, an entity acquired on account goods from a foreign supplier at a cost of…

A: Carrying amount of monetary asset means carrying amount of accounts receivable.

Q: Cool Globe Inc. entered into two transactions, as follows: Purchased equipment paying $20,000 at…

A: Journal entry means the writing of the transaction in the books of accounts and this will be helpful…

Q: What is the proper treatment for noncash asset received from a non-stockholder? Group of answer…

A: Accounting entry to be made for noncash asset received from a non-stockholder: Debit Noncash Assets…

Q: Bonneau Corporation declares a cash dividend of $100,000 on July 1 for any shareholder on record on…

A: Lets understand the basics. Journal entry is required to make to record event or transaction occur…

Q: If the corporation is considered as de facto, who can question its existence? Board of Directors…

A: When corporation is considered as de facto, it means that corporation exist even though it may not…

Q: A, B, C, D, and E are all partners. In their Articles of Partnership, it was stated that they will…

A: Honoring the board's power restrictions and using that power to help the organisation realise its…

Q: In 2021, a company issued 1,000,000 no-par value ordinary shares for P1.15 per share. The stated…

A: As per the Bartleby's norms, in case of multiple independent questions been asked, the expert can…

Q: Provide three examples of pricing decisions other than the special order. Question content…

A: Pricing decisions are the choices business makes when deciding the price for the product or the…

Q: What is the classification of shares that has privileges over any of the other classes of shares in…

A: Par value shares: These are those shares that have a face value per share also known as par value.…

Q: The following information pertains to A Company: • Dividends on its 1,000 shares of 6%, $10 par…

A: An appropriation is a discretionary reclassification of retained earnings. Its purpose is to…

Q: Exchange differences arising from the translation of financial statemen of a foreign operation shall…

A: When company has subsidiary in the foreign country than the assets and liabilities are to be…

Q: 17. June 30 fiscal year. Joan provides 60% of the cost of maintaining a household in which a…

A: The multiple choice question and relevant explanation are presented hereunder : There are different…

Q: Mr. Curandang submitted a sworn statement regarding the alleged tax evasion practices of Chitie…

A: The reward is a sum equivalent to 10% of the surcharges, revenues, or fees recovered and/or fine or…

Q: Journalize the entries required on each date.

A: In the given question Bonneau corporation Declares a cash dividend of $100,000 on July 1 ( date of…

Q: et Income (in millions) ? ? Weighted Average Shares Outstanding (in millions) Basic Number…

A: EPS means earnings per share which represents the amount of money received by each shareholders out…

Q: On December 31, 2020, the statement of fi ollowing data with profit or loss sharing ra Cash…

A: Profit and loss Profit or loss of the company is measured by preparing income statement which shows…

Q: Independently considering each of the following statements regarding Form W-2 (Wage and Tax…

A: Answer:- W-2 form meaning:- A basic tax form that shows an employee's total salary earned and taxes…

Q: On January 1 of the current year, Barton Corporation issued 9%, 5-year bonds with a face value of…

A: When Bonds are issued at discount such discount will be written off over the life of the period.…

Q: Donahue Oil has an account titled Oil and Gas Properties. Donahue paid $6,700,000 for oil reserves…

A: Depreciation , amortization , depletion all means the fall in value of assets due to one reason or…

Q: It says to round it to two decimal places which I did and its still says its wrong? Is there…

A: Lets understand ratios in short. Current ratio indicates firm's ability to pay its short term…

Q: ng to P400,000. Its other income included bank interest income of P8,000, net of final withholding…

A: The answer has been mentioned below.

Q: Hendry Limited produces a mini-kitchen called Town Cook, which is enjoying extensive popularity…

A: Marginal Costing method is a system of accounting under which only variable production costs are…

Q: E2.29 (LO 2) Mozena Corporation manufactures a single product. Monthly production costs incurred in…

A: Variable costs remains same in per unit but varies in total with the production .If the production…

Q: BRANCH COMPANY Bank Reconciliation July 31 Bank statement balance Book balance Add: Add: Deduct:…

A: Calculation Branch Company…

Q: On the part of the debtor, debt restructuring generally will result in Group of answer choices a.…

A: debt restructuring the process that can reduce the interest on the loan for extend the due date for…

Q: Ogag company issued 1,000 shares of its P5 par value ordinary shares as payment for 1,000 hours of…

A: Par. value of Ordinary Shares :- P5 No. Of Equity Shares issued :- 1000 shares Market Value of…

Q: SG Company is bankrupt and has undergone corporate liquidation. Presented below is its statement of…

Q: In the course of your audit of the financial statements of Apayao Corp. for the period ended…

A: The statement which shows the summary of the activities of the bank and the business is known as the…

Q: On September 1, 2019, a company borrowed on a P5,400,000 note payable from a bank. The note bears…

A: Accrued Interest Payable: Accrued interest due is the amount of interest that has been recognized as…

Q: January 1, 2019,

A: ET Mags Inc. should record the lease payments in the leasee's accounts. The current lease is a…

Q: Zabra Co. makes and sells a single product. For ench one unit of produict, 2 nicters of Material are…

A: In the given question first we will calculate the Production in uniys with the help of Sales Budget…

Q: Henry and Ana each own 50% interest in a business entity. Henry contributed $200,000 for her…

A: As given the Henry and Ana each have a 50 percent stake in a company. Ana donated Land worth…

Q: Activity IV. Journal Entry Jerome Garcia started a new business and completed these transactions…

A: The journal entries are prepared to keep the record of day to day transactions of the business.

Q: Nafari Company's sales budget has the following unit sales projections for each quarter of Year 4:…

A: Production Budget: Production budget is usually based on the sales budget and the desired inventory…

Q: eBook Question Content Area What is the amount of budgeted cash payments if purchases are budgeted…

A: Introduction:- The following formula used to calculate the amount of budgeted cash payments as…

Q: ustomizing cost

A: Cost accounting is one of the accounting system that is used by the businesses. The main purpose of…

Q: Managers may operate in stockholders' best interests, or managers may operate in their own personal…

A: The answer is stated below:

Q: ute is $9.50 per direct labor-hour. The production budget calls for producing 2,200 units in June…

A: Meaning of Direct labor Budget : The direct labor budget is useful the number of laborers who will…

Q: Modern Movables Corporation is a Virginia-based manufacturer of furniture. In a recent quarter, it…

A: Statement of cash flows: It is a financial statement that shows the increase or decrease in the cash…

Question

A Worker's wage for a guaranteed 44-hour per week is $0.75 per hour.
Estimated time to produce one article is 30 minutes and under incentive scheme the time allowed is
increased by 20%. During a week the worker produced 100 articles.
Calculate wages under: -
Halsey plan
Rowan plans

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

A worker is paid the day-work rate if she earns less than 100% incentive premium. The standard is 75 units per hour, and the operator completes 140 good parts in 1.4 hours. The wage rate is $25/hour. Find the piece rate. What are the earnings and labor efficiency?
A worker takes 13 hours to complete a work on daily wages and 8 hours on a scheme of þayment by results. The worker's day rate is P90 per hour. The cost of material of the product is P300 and the overheads are recovered at 200% of the total wages. The company has an incentive plan of giving bonus for the time saved in a certain job. Bonus is computed as time saved over time allowed to complete the job multiplied by the time taken by the worker multiplied by the rate per hour. Mr. X completed the job within 8 hours including a 30-minute idle time. How much is the wage of Mr. X?
A workers wages for a guaranteed 44 hours per week is 0.75 per hour the estimated time to produce 1 article is 30 minutes and under incentive scheme the time allowed is increased by 20% During a week a worker produced 100 article calculate wages under hasley and Rowan plans
A worker takes 13 hours to complete a work on daily wages and 8 hours on a scheme of þayment by resuits. The worker's day rate is P90 per hour. The cost of material of the product is P300 and the overheads are recovered at 200% of the total wages. The company has an incentive plan of giving bonus for the time saved in a certain job. Bonus is computed as time saved over time allowed to complete the job multiplied by the time taken by the worker multiplied by the rate per hour. Mr. X completed the job within 8 hours including a 30-minute idle time. How much is the wage of Mr. X? Jomari Corporation's factory workers Incentive scheme which features a combined piece rate P11.25 and a minimum wage guaranteed wage of P875 per week. Production report for the week show Employees Units produced 67 78 80 A 82 R 72 75 How much portion of the weekly payroll should be charge to factory overhead?
During the 1st week of April, 1993, the workman Mr. Kate manufactured 300 articles. He received wages for a guaranteed 48 hours week at the rate of $ 4 per hour. The estimated time required to produce one article is 10 minutes and under incentive schemes, the time allowed is increased by 20%. Calculate his gross wages according to: (a) Piece work with guaranteed weekly wage, (b) Rowan premium bonus and (c) Halsey premium bonus. Comment on of each of the three schemes.
Standard time allowed for a job is 100 hours. Rate is $.2/- per hour Hours worked to complete the job: A 12 hours B 10 hours C 9 hours D 8 hours Calculate the total earnings and effective rate of earnings per hour under the Barth Variable sharing Plan.
The chief estimator has asked you to determine the average hourly cost for equipnent operators using the information below.. The plan is to work 48 hours per week (8 hours Monday - Saturday). Overtime is paid for over 40 hours at a rate of Tirme and a half. Base Wage - $22.00 per hour Social Security Tax - 7.65% Unermployment Compensation Tax - 2.75% Worker Compensation Insurance $32.00/100 Public liability/Property Damage Insurance $3.10/100 Fringe Benefits $6.25 per hour
A waitress's base wage is $11 per hour, plus 10% automatic gratuity for all tables served. If she works 20 hours over the course of one week and makes $445, what is the total amount of revenue generated by the tables that she served over the course of the week?
Brooks Advertising pays Lee Young $97,290 per year. Requirements 1. What is the hourly cost to Brooks Advertising of employing Young? Assume a 45-hour week and a 47-week year. 2. What direct labor cost would be assigned to Client 507 if Young works 19 hours to prepare Client 507's magazine ad? Requirement 1. What is the hourly cost to Brooks Advertising of employing Young? Assume a 45-hour week and 47-week year. Select the formula below that Brooks Advertising would use to calculate the hourly cost and complete the formula. (Round the hourly cost to the nearest cent.) + Hourly cost
An employer pays $3,000 a month for office space rental and $1,000 to 12 employees, plus a $10 bonus for each unit of work completed by the employee during the month. In addition, the employer has a profit of $18 per unit of work per employee. Suppose an employee completes 300 units in a month. Calculate your monthly payment.
An organisation operates a piecework system of remuneration, but also guarantees its employees 80% of a time-based rate of pay which is based on $20 per hour for an eight hour working day. Three minutes is the standard time allowed per unit of output. Piecework is paid at the rate of $18 per standard hour. If an employee produces 200 units in eight hours on a particular day, what is the employee's gross pay for that day?
suppose, Wage rate:$25/hr Standard of production: 5 units/hr Work shift: 10 hrs/day Work week: 6 days Overtime policy rate is: 45/hr Let’s say an employee has worked 80 hrs in a week and produced 285 units of a product but 35 units failed (Q.C) Q: What will be his week’s pay check if the firm pays wages and incentives ?