FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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1.2
Calculate the remuneration of Mary for the day using Taylor's differential piecework system from the
following information.
INFORMATION
Standard time allowed
10 minutes per unit
Standard work day
8 hours
Normal wage rate
R120 per hour
Premium
110% of piecework rate if standard or above standard;
90% of piecework rate if below standard
Mary's production for the day
50 units
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Transcribed Image Text:1.2 Calculate the remuneration of Mary for the day using Taylor's differential piecework system from the following information. INFORMATION Standard time allowed 10 minutes per unit Standard work day 8 hours Normal wage rate R120 per hour Premium 110% of piecework rate if standard or above standard; 90% of piecework rate if below standard Mary's production for the day 50 units
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