Question Details

(Solution) - For the first week in March the record of M

Brief item decscription

Solution download


Item details:

For the first week in March, the record of M. Roderick shows:

For the first week in March, the record of M.
Roderick's guaranteed hourly wage rate is $6 and standard production is 24 units per hour. Factory overhead per labor hour is $3.
Required:
(1) Assume Roderick receives 90% of the labor value of time saved during a day. Prepare a schedule to show Roderick's pay, using the following headings:
Day
Units Produced
Daily Wage
Units above Standard
Hours Saved
Premium Wage
Total Pay
Labor Cost per Unit (four decimal places)
Overhead per Unit (four decimal places)
Conversion Cost per Unit (four decimal places)
(2) Assume the 100-percent bonus plan is used (for each week's total production). Prepare a schedule to show Roderick's pay, using the following headings:
Hours Worked
Units Produced
Standard Production
Efficiency Ratio (nearest %)
Base Wage
Base x Efficiency Ratio
Week's Earnings
Labor Cost per Unit (four decimal places)
Conversion per Unit (four decimal places)
(3) Assume the daily quota is 192 units and the hourly rate increases 5% for each day the quota is achieved or exceeded. Prepare a schedule to show Roderick's pay, using the following headings:
Day
Units Produced
Hourly Wage
Amount Earned
Labor Cost per Unit (four decimal places)
Conversion Cost per Unit (four decimal places)

 







About this question:
STATUS
Answered
QUALITY
Approved
ANSWER RATING

This question was answered on: Jul 11, 2017

PRICE: $15

Solution~000779477216.zip (18.37 KB)

Buy this answer for only: $15

Pay using PayPal (No PayPal account Required) or your credit card. All your purchases are securely protected by PayPal.
SiteLock

Need a similar solution fast, written anew from scratch? Place your own custom order

We have top-notch tutors who can help you with your essay at a reasonable cost and then you can simply use that essay as a template to build your own arguments. This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student. New solution orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

Order Now