1.2Calculate the remuneration of Mary for the day using Taylor's differential piecework system from thefollowing information.INFORMATIONStandard time allowed10 minutes per unitStandard work day8 hoursNormal wage rateR120 per hourPremium110% of piecework rate if standard or above standard;90% of piecework rate if below standardMary's production for the day50 units

The differential piece rate system of Taylor states that the worker who exceeds or reaches to the…

Answered: Calculate the remuneration of Mary for…

Calculate the remuneration of Mary for the day using Taylor's differential piecework system from the following information.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

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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