Calculate the amount of wages and bonus for a worker


Question:

Calculate the amount of wages and bonus for a worker from the following particulars:

Job commenced: Monday, 24 December 1994 at 8 a.m.

Job finished: Saturday, 29 December 1994 at 1 p.m.

Quantity of work turned out: 638

Quantity of pieces passed: 600

Worker's rate: Rs 5.00 per hour

Time allowed: 10 pieces per hour

Bonus: 40% of time saved

Assume that the employee worked for 9 hours a day and there is no overtime.

 

 

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Accounting Basics: Calculate the amount of wages and bonus for a worker
Reference No:- TGS02038189

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