Q.2. From the following particulars ascertain thế lábour cost per day of 8 hours: 1. Basic.pay 7200-p.m.. 2. Leave pay 5% . 3. Employers contribution to PF 8% of first and second 4.Employer's contribution to ESI 2 1/2% of first and second: 5. Pro-rata amenities 17.95 per head p.m. 6.Working hours in a month 200 hours. Solutio
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- Q.2. From the following particulars ascertain the lábour cost per day of 8. hours: 1. Basic.pay 7200-p.m., 2. Leave pay 5% 3. Employers contribution to PF 8% of first and second 4.Employer's contribution to ESI 2 1/2% of first and second; 5.Pro-rata amenities 17.95 per head p.m. 6.Working hours in a month 200 hours. Sofuutionshould be produced by an employee if his gross pay is OMR 1,200.6 and the piece rate basis in his company is OMR 13.800 per unit. a. 92 Units b. 67 Units C. 87 Units d. 94 UnitsQ.2 From the following particulars ascertain the labour cost per day of 8 hours: 1.Basic pay $200..p.m.... 2. Leave pay 5%. 3.Employers contribution to PF 8% of first and second 4.Employer's contribution to ESI 2 1/2% of first and second: 5. Pro-rata amenities 17.95 per head p.m. 6. Working hours in a month 200 hours. Solution
- PROBLEM 2. Calculate the earnings of A and B from the following particulars for a month and állocate the labour cost to each job X, Y and Z: A В Basic Wages $ 100 $ 160 D.A. 50% 50% 8% Contribution to P.F. (on basic wages) Contribution to E.S.I. (on basic wages) 8% 2% 2% 10 hrs. Overtime (for completion of job Y) The normal working hours for the month are 200. Overtime is paid at double the total of normal wages and D.A. Employer and employees have equal contribution to P.F. and E.S.I. The two workers were employed on jobs X, Y and Z in the following proportions : Jobs Y 40% 30% 30% Worker A 50% 20% 30% Worker B44 a reim- urden? aid by costs? npen- AGREE TO PAY ABOVE TOTAL AMOUNT ACCORDING TO CARD ISSUER AGREEMENT ortant to in- The cost of labor bur- rket rates, decisions. ces paid to ce, work- ce, insur- enefits. ◄ Previous Rental Customer: ZACH ZABRISKIE 6. Determine the annual cost, monthly cost, and burden markup for a salaried employee given the information in Table 8-2. Assume the employee takes full advantage of the 401(k) benefit. Table 8-2 Wage Information for Problem 6 Item Wages Bonus Allowances Social Security Medicare FUTA SUTA Workers' Comp. General Liability tv 401(k) Health Insurance Cost $145,000 $10,000 $500 per month for vehicle 6.2% of wages to $128,700 1.45% of wages 0.6% of wages to $7,000 3.0% of wages to $7,000 $4.25 per $100 of wages 1.02% of wages 100% match up to 6% of wages $375/month ♫ 7. Set up a worksheet to calculate the annual cost, aver- age hourly cost, and the burden markup of an hourly employee. The spreadh enter In t era CO pr C a C iXYZ Company has the following balances for the current month: Direct materials used OMR 24,000 Direct labor OMR 36,800 Sales salaries OMR 19,200 Indirect labor OMR 4,800 Production manager's salary OMR 9,600 Marketing costs OMR 14,400 OMR 6,400 Factory lease What is total manufacturing cost? a. OMR 96,000 O b. OMR 81,600 С. OMR 86,400 O d. None of the given answer. e. OMR 89,600
- O a. O b. 8. 0 с. O d. Assume an assembly line worker records the following time for a normal 40-hour work week, and assume the worker is paid $20 per hour. 10 hours working on Product A 12 hours working on Product B 7 hours working on Product C 5 hours working on Product D 3 hours idle time due to a power outage 3 hours cleaning up the factory What amount of the assembly line worker's wages would be considered direct labor, overhead, and period costs? Direct Labor a. b. C. e. d. 740 740 680 680 680 Overhead 60 0 120 0 60 Period costs 0 60 0 120 60Q : 1 Calculate the labour “cost to company” of JP Mthembu for the week ended 13 July 2019.Q : 2 Suppose the expected labour cost of all the employees for the week was R150 000. It is possible that it may be reduced to R130 000 if overtime is avoided but due to productivity issues the cost could increase to R160 000.Calculate the expected labour cost using three-point cost estimating. INFORMATIONJP Mthembu is employed by Solar Manufacturers in Project P. The following are his wage details for the week ended 13 July 2019:Hours worked : Sunday - 4hoursMonday to Thursday - 8 hours:Friday - 9 hours:Saturday - 5 hoursPension fund: employee’s deduction - 7.5 of normal hoursPension fund: employer’s contribution - 9% of normal wagesUnemployment insurance fund: employee’s deduction - 1% of gross wageUnemployment insurance fund: employer’s contribution - 1% of gross wageRemuneration during normal working hours - R150 per hourNormal working week (Monday to Friday) - 8 hours per…K Rios Corporation reports costs for the year as follows: Direct Materials Used Wages to Line Workers Office Rent Indirect Materials Used How much is the total product costs for the year? A. $605,000 OB. $1,155,000 OC. $550,000 OD. $1,199,500 $430,000 120,000 44,500 605,000
- given: $14.42 hourly wage , $412 sales target per hour, 40 hours If sales > 16,480 associate receives commission of 7.35 of sales no hourly wage If sales < 16,480 employee is paid hourly wage no commission Plot associates weekly compensation as a function of weekly salesIf works cost is Rs. 40,00,000 and office overheads are 20% of cost of production then what is cost of production? Oa. Rs 50,00,000 Ob. Rs 48,00,000 C.Rs 55,00,000 Od. Rs 32,00,000Q. In January, a company incurred a total product cost of $465,000, Conversion costs were 70% of overall product costs, while prime costs were 60% of overall product costs. How much are direct labor costs? ANS. $
