1. An executive receives an annual salary of P600,000 and his secretary a salary of P180,000. A certain task can be performed by the executive working alone in 4 hours. If he delegates the task to his secretary it will require him 30 minutes to explain the work and another 45 minutes to check the finished work. Due to the unfamiliarity of the secretary to the task, it takes her an additional time of 6 hours after being instructed. Considering salary costs only, determine the cost of performing the task by each method, if the secretary works 2,400 hours a year and the executive 3,000 hours a year. Solution: If the executive works alone: P800.00 If the executive delegates the work to his secretary: P737.50
Q: You organize an 8-hour training for 4 hourly, local employees. The training is led by the manager…
A: Assumption : 1. There are 240 working days in a year, and a working Day consists of 8 hours 2.…
Q: If Branch B is closed, one personnel (with salary of P30,000) have to be transferred to the home…
A: Answer: We do not agree with manager, as if Branch B is closed Net operating income for company will…
Q: A clerk earns a salary of P20,000.00 per month. If he works 8 hours a day for 20-day work month, how…
A: Since these are 3 different questions, the first 2 questions have been solved as per Bartleby…
Q: An executive receives an annual salary of P500,000 and his secretary a salary of P160,000 a year. A…
A: Annual salary of executive= P 500,000 No. of hours worked by executive in a year= 3,000 Salary cost…
Q: A manger receives an annual salary of Php600,000 and his secretary salary of Php180,000. A certain…
A: Given, Salary per hour of executive = Annual SalaryWorking hours a year Salary per hour of…
Q: A foundry employee worked a normal 40-hour shift, but four hours were idle due to a small fire in…
A: 1.
Q: Irish Corp provides for an incentive scheme for its factory workers which features a combined…
A: Minimum guarantee wage is the amount that should be paid to the laborers irrespective of the number…
Q: The normal wage of Nomfundo is R200 per hour and her normal working week is 40 hours. The standard…
A: Given that, normal wage rate per hour = R200 normal working week = 40 hours standard production per…
Q: Floatin Away Company has three employees a consultant, a computer programmer, and an administrator.…
A: Gross Pay: The total amount of salary, wages, overtime, commission, bonus paid by the employer to…
Q: An executive receives an annual salary of P600,000 and his secretary a salary of P180,000. A certain…
A: Given information, •Executive: annual salary = P600,000 annual working hour = 3,000 hours time took…
Q: Paul James is a chrome plater at a local plant. If he plants 300 items or more, he is paid $1.25…
A: Cost system is the system which is designed to evaluate the monitor the cost incurred by the…
Q: Ms. Resa has been working as lecturer at MTIM and earning a salary of PHP 8,000 per month. Also, she…
A: The major difference between the accounting profit and economic profit is the implicit cost. While…
Q: Calculate the actual regular pay rate per hour. Calculate the overtime rate per hour. Calculate the…
A: Given that's Employee Base pay = Rs.17 (Per Regular hrs.) + Rs.50 (Per Week Bonus) Employee…
Q: LPC Bank operates a call centre to deal with customer queries. The following information is…
A: Calculation of amount of bonus paid : 10 operators = 10 operators x 36 hours x RM8 per hour x 20%…
Q: Management is considering a change in the sales force compensation plan. Currently each of the…
A: CVP Analysis stands for Cost-Volume Profit analysis. Under CVP analysis, we analyse the impact of…
Q: Mary Jo Prenaris is an office manager with gross earnings of $1,300 semimonthly. If her company…
A: Semimonthly salary means payment is processed twice in a month i.e after a duration of 15 days…
Q: During each year, CSL Computer Company needs to train 27 service representatives. It costs $12,000…
A: EOQ (Economic Order Quantity) model is the inventory management concept which aims at minimizing the…
Q: Each certified instructor puts in 480 hours per quarter regular time and can work an additional 120…
A: Introduction: Chase strategy: The chase strategy is based on the notion that you will be following…
Q: The HIM director, Linda, has been given $15,000.00 for the overtime needed to catch up on the loose…
A: Hours can be worked overtime = Overtime amount is given / Average Staff salary
Q: Chec Telemarketers receive $10 commission on all new customers that sign up for cell phone service…
A: A commission seems to be compensation paid to salespeople by a company in consideration because of…
Q: A normal working week consists of 5 days of 8 hours per day. The normal rate of pay is RM 2.40 per…
A: Solution Given: Basic hourly rate RM 2.4 Overtime rate (time and a half) 2.4 * 1.5…
Q: Telemarketers receive $10 commission on all new customers they sign up for cell nhone service…
A: Federal minimum wage rate is $7.25 per hour . Minimum wages for each week = 40 hours x $7.25 per…
Q: One Friday morning, a customer brings a rush order of 2,500 units of Product X at a unit sales price…
A: Solution:- Determination of the amount of direct labor as follows under:- Basic information as…
Q: Villanueva Company is headed by Ms. Marielle May Villanueva, President, and she is receiving…
A: Answer: The take home pay every end of the month is the salary that is received for the salary of…
Q: Four factory workers and a supervisor make a team in the Machining Department. The supervisor earns…
A: Manufacturing Overhead: It is the sum of all the indirect costs that are incurred for…
Q: compute the following. 1. Engelbert is a Marketing Manager earning an annual salary of P150 000, a…
A: 1. The sales commission is an additional compensation over their salary, the employees receive for…
Q: You organize an 8-hour training for 5 hourly, local employees. The training is led by the manager…
A: Given: - Manager salary=$48,000 Assistant manager salary=$36,000 Training hour= 8 hours Material…
Q: billed at P500 per hour. The firm estimates the following total costs for the coming year:…
A: Calculation of total billing for the job Professional staff are paid = P150 per hour time is billed…
Q: 1. A. Luna is a sales agent. His official working hours is 8 hours a day, with a monthly salary of…
A: The hourly rate will be the monthly income divided by the number of working hours in a month.
Q: Seal Financial Advisors provides accounting and finance assistance to customers in the retail…
A: Predetermined overhead rate= Total Expected cost/No. of Hours Total Expected cost= 755000 No. of…
Q: A. She can work at McCray-Hall educational publishing as an editor with a salary of $46,500 per…
A: The salary calculation is made general weekly or monthly. In many cases, salary/ wages per day or…
Q: what is the estimated liability for bonus?
A: Estimated Liability for Bonus is recorded by the entity on the basis of expected wages of the…
Q: A Company pays time and a half for hours in excess of 40 hours per week. An individual is paid…
A: Solution: Normal rate per hour = P24 per hour Overtime rate = 24*1.50 = P36 per hour
Q: A human resources manager is looking at the company's compensation package after hearing multiple…
A: Sales - Variable cost = Contribution margin Break-even point in days = Fixed costs / Contribution…
Q: An executive receives an annual salary of P300,000 and his secretary a salary of P60,000 a year. A…
A: Given, Executive annual salary = P 300,000 Secretary annual salary = P 60,000 Executive working…
Q: During December, Littleton designed a landscape plan and the client prepaid $6,000. Littleton…
A: Unearned revenue is a liability for the business.
Q: Suppose that an accounting firm with 10 employees hires another accountant. Bydoing so, it goes from…
A: The marginal product of an input can be defined as the ratio of change in the output by employing…
Q: Jolly Cleaners offers residential and commercial cleaning services. Clients pay a fixed monthly fee…
A: Budgeted income statement is one of the primary tool in accounting which involves listing down of…
Q: A customer ordered a window frame. In doing the job, it requires iron bars with a total worth of…
A: Job costing is a type of costing in which all costs are assigned and allocated on the basis of…
Q: Marcell Teague submitted a pay card reflecting the following hours worked at Kicy Inc. He earns…
A: Data Given: Asked: Total Hours with the hundredth hour Total Hours with the quarter hour
Q: Dee Beach, the consultant introduced at the beginning of section three of the chapter, has obtained…
A: Job Costing: Job costing is a costing technique used by the business that provides goods or services…
Q: A sales supervisor whose monthly salary is ₱38,500.00 is paid 7% of his total sales and 3% of the…
A: Gross income is the sum of all salaries and wages, profits, interests and commissions before any…
Q: Company required 6 factory workers and 3 maintenance engineers to do annual maintenance on Holy…
A: Solution Note - 1- Assumed good friday and holy thursday are holidays. 2-Normal hour work/day is 8…
Q: LLC Service Inc. provides professional consultancy services to third-party firms. Professional staff…
A: Calculation of total billing for the job Professional staff are paid = P150 per hour time is billed…
Q: Breakin Away Company has three employees-a consultant, a computer programmer, and an administrator.…
A: Gross Pay: The total amount such as salary, wages, commissions, overtime, and bonus paid by an…
Q: Use the information provided below to calculate Samantha's remuneration for 17 March 2022.…
A: Halsey bonus system: Halsey bonus system is a bonus system used to calculate the bonus a worker…
Q: 5. Four factory workers and a supervisor make a team in the Machining Department. The supervisor…
A: An estimated liability is a debt for which there is no fixed amount. Instead, the accountant must…
Step by step
Solved in 2 steps
- An executive receives an annual salary of P300,000 and his secretary a salary of P60,000 a year. A certain task can be performed by the executive, working alone, in 4 hours. If he delegates the task to his secretary it will require him 30 minutes to explain the work and another 45 minutes to check the finished work. Due to the unfamiliarity of the secretary to do the task it takes her an additional time of 6 hours after being instructed. Considering salary cost only, determine the cost of performing the task by each method, if the secretary works 2,400 hours a year and the executive 3,000 hours a year.An executive receives an annual salary of P600,000 and his secretary a salary of P180,000. A certain task can be performed by the executive working alone in four hours. If he delegates the task to his secretary it will require him 30 minutes to explain the work and another 45 minutes to check the finished work. Due to the unfamiliarity of the secretary to do the task, it takes her an additional time of 6 hours after being instructed. considering salary cost only, determine the cost of performing the task by working alone and by working with his sectary, if the secretary works P2,400 hours a year and the executive 3,000 hours a year.PLEASE SHOW YOUR SOLUTIONS PLEASE. THANK YOU! 2. An executive receives an annual salary of P600,000 and his secretary a salary of P180,000. A certain task can be performed by the executive working alone in four hours. If he delegates the task to his secretary it will require him 30 minutes to explain the work and another 45 minutes to check the finished work. Due to the unfamiliarity of the secretary to do the task, it takes her an additional time of 6 hours after being instructed. considering salary cost only, determine the cost of performing the task by each method, if the secretary works P2,400 hours a year and the executive 3,000 hours a year.
- A manger receives an annual salary of Php600,000 and his secretary salary of Php180,000. A certain task can be performed by the executive working alone in 4 hours. If he delegates the task to his secretary it will require him 30 minutes to explain the work and another 45 minutes to check the finished work. Due to the unfamiliarity of the secretary to do the task, it takes her an additional time of 6 hours after being instructed. Considering salary cost only, determine the cost of performing the task by each method, If the secretary works 2400 hours a year and the executive 3,000 hours a year.The HIM director, Linda, has been given $15,000.00 for the overtime needed to catch up on the loose filing. If the average salary of the HIM clerical staff is $15.75, how many hours of overtime can be worked??Suppose that an accounting firm with 10 employees hires another accountant. Bydoing so, it goes from serving 30 customers each week to serving 32 customerseach week. What is the marginal product of labor for the new accountant?
- A worker has taken 15 hours to complete a job. It has enabled him to get bönus under both Halsey and Rowan Schemes. Since the worker is not much educated, he requested a cost accountant for necessary advice. The advisor informed him that Rowan method is better for him since it will give him extra bonus of 6.25 in comparison with the Halsey method. Hourly wage rate is 5. You are requested to ascertain standard time allowed for the job.How would you compute the following in order submit a proposal for a new administrative assistant for your department? Hourly Rate = $14.15 Vacation, Holiday, Sick Pay (You set the number of vacation, holiday, and sick pay) Annual Compensation Package Request = (You set the compensation. Could be training days, education days, etc.)You are a management accountant for Time Treasures Company, whose company has recently signed an outsourcing agreement with Spotless. Inc., a janitorial service company. Spotless will provide all of Time Treasures janitorial services, including sweeping floors, hauling trash, washing windows, stocking restrooms, and performing minor repairs. Time Treasures will be billed at an hourly rate based on the type of service performed. The work of common laborers (sweeping, hauling trash) is to be billed at $8 per hour. More skilled (repairs) and more dangerous work (washing outside windows on the 23rd floor) are to be billed at $18 per hour. Supervisory time is to be billed at $20 per hour. Spotless will submit monthly invoices, which will show the number and types of hours for which Time Treasures is being charged. The outsourcing contract is simple and straightforward. A. What are some of the internal control problems you foresee as a result of our sourcing the janitorial service with this contract? B. Explain recommendations to control risk that would you suggest after reviewing the contract.
- During each year, CSL Computer Company needs to train 27 service representatives. It costs $12,000 to run a training program, regardless of the number of students being trained. Service reps earn a monthly salaryof $1500, so CSL does not want to train them before they are needed. Each training session takes one month. a. State the assumptions needed for the EOQ model to be applicable. b. How many service reps should be in each training group? c. How many training programs should CSL undertake each year? d. How many trained service reps will be available when each training program begins?Directions: Answer the following problems. Use appropriate formula to arrive at the right answer. 1. Algem earns the regular daily rate of P340.00 giving her an hourly rate of P42.50. she was requested by her boss to work on May 1, Labor Day. She worked for 8 hours. Her total pay for the day would be: a.Lisa Claussen, CPA, pays her new staff accountant, Gina, a salary equivalent to $27 per hour while Lisa receives a salary equivalent to $39 per hour. The firm's predetermined indirect cost allocation rate for the year is $16 per hour. Claussen bills for the firm's services at 25% over cost. Assume Lisa works 1 hours and Gina works 16 hours preparing a tax return for Mikayla Jones. 1. What is the total cost of preparing Jones's tax return? 2. How much will Lisa bill Jones for the tax work? 1. What is the total cost of preparing Jones's tax return? Enter the direct and indirect costs for preparing Jones's tax return. Direct Cost: Lisa's time Direct Cost: Gina's time Total Direct Cost: Indirect Cost: Total cost of preparing tax return hrs. hrs. hrs.