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The following information is for following questions:A factory manufactures three components A, B and C.During week 26, the following was recorded:Output and standard time during the same week were:The normal working week is 38 hours, and overtime is paid a premium of 50% of the normal hourly rate.A group incentive scheme is in operation. The time saved is expressed as a percentage of hours worked and is shared between the groups as a proportion of the hours worked by each grade. The rate paid is 75% of the normal hourly rate.1) What is the basic pay for grade 3 labours?
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A factory manufactures three components A, B and C.During week 26, the following was recorded:Output and standard time during the same week were:The normal working week is 38 hours, and overtime is paid a premium of 50% of the normal hourly rate.A group incentive scheme is in operation. The time saved is expressed as a percentage of hours worked and is shared between the groups as a proportion of the hours worked by each grade. The rate paid is 75% of the normal hourly rate.2) What is the overtime premium for grade 2 labours?
A factory manufactures three components A, B and C.During week 26, the following was recorded:Output and standard time during the same week were:The normal working week is 38 hours, and overtime is paid a premium of 50% of the normal hourly rate.A group incentive scheme is in operation. The time saved is expressed as a percentage of hours worked and is shared between the groups as a proportion of the hours worked by each grade. The rate paid is 75% of the normal hourly rate.3) What is the total gross pay for grade 4 labours?
A direct labour employee normally works 40 hours per week, standard pay is $4 per hour. A premium of 50% of basic hour rate is paid for all overtime. In Jan, the employee worked for 48 hours, the overtime is for the following reasons: 5 hours for machine breakdown and 2 hours to complete a special job at the request of a customer and 1 hour is regularly in the normal course of operation.How much of the employee's earning in Jan should be treated as direct wages.
Which of the following relates to the cost of replacing labour due to high employee turnover?
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