FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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5. From the following particulars, calculate the earnings of workers X and Y and also
comment on the labor cost.
Standard time allowed: 25 units per hour
Normal time rate: RO 40 per hour
Differential to be applied:
I
80% of piece rate when below standard
120% of piece rate at or above standard
In a particular day of 8 hours, X produces 180 units while Y produces 210 units
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Transcribed Image Text:5. From the following particulars, calculate the earnings of workers X and Y and also comment on the labor cost. Standard time allowed: 25 units per hour Normal time rate: RO 40 per hour Differential to be applied: I 80% of piece rate when below standard 120% of piece rate at or above standard In a particular day of 8 hours, X produces 180 units while Y produces 210 units
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