Rewan Premium System
Give a small introduction of the term ‘Rewan Premium System’?
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Guaranteed time rate payment is appropriate. The amount of bonus paid is a percentage of hourly rates that is in part to the time saved. The total wages payable to the workers under this system can be calculated as below: (AH X HR) + {(SH – AH)/SH} X AH X HR (AH - Real Hours, SH - Standard Hours, HR - Hourly Rate)
Write down the advantages of having conceptual framework.
Give a brief introduction of the term Maximum level of inventory levels?
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Briefly describe the term ‘Indirect Monetary compensation’?
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Briefly describe Written down Value (or Reducing Balance) method to compute depreciation?
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he following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost
Briefly describe the term Material Cost?
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