Labour Cost Accounting
Labour Cost Accounting
Labour Cost Accounting
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<strong>Labour</strong> <strong>Cost</strong> <strong>Accounting</strong> 401<br />
Y Produced 96 Units<br />
Z Produced 84 Units<br />
W Produced 100 Units<br />
[Ans: X - Rs. 38.40; Y - Rs. 13.36; z·- Rs. 5.44; W - Rs. 72]<br />
23. Standard output per day of 8 hour is 16 units, actual output of a worker for 8 hours is 20 units, rate per hour is Rs. 2.50.<br />
Calculate the wages payable to the worker according to the Emerson's Efficiency plan.<br />
[Ans : Rs. 29]<br />
24. The standard hours of job is 100 hours. The job has been completed by Gupta in 60 hours, Ram in 70 hours and Kumar<br />
in 95 hours. The bonus system applicable to the job is as follows :<br />
Percentage of time<br />
Saved to time allowed<br />
Bonus<br />
Saving up to 10%<br />
10% of time saved<br />
11% to 20% 15% of time saved<br />
21 % to 40% 20% of time saved<br />
41 % to 100% 25% of time saved<br />
The rate of pay is Re. I per hour. Calculate the total earning of each worker and also rate of earning per hour.<br />
[Ans : Total earning Guptha Rs. 68; Ram Rs. 76; Kumar Rs. 95.50. Earnings per hour Rs. 1.13; Rs. 1.08; Rs. 1.00]<br />
25. (I) Calculate the earning of workers P & Q under:<br />
(a) Straight piece rate system and<br />
(b) Taylor's Differential piece rate system from the following details:<br />
Standard time per unit = 12 units<br />
Standard rate per hour = Rs. 60<br />
Differential to be used 80% and 120%.<br />
In a particular day if 8 hO\lrs, worker P produced 30 units and worker Q produced 50 units<br />
[Ans : Earnings under straight piece rate system.<br />
Worker P - Rs. 360; Q - Rs. 600.<br />
Earnings under Taylor's Differential piece rate system<br />
Worker P - Rs. 288; Y - Rs. 720]<br />
(2) Calculate the earnings of a worker under:<br />
(a) Halsey premium plan and<br />
(b) Rowan plan<br />
Time allowed - 48 hours<br />
Time taken - 40 hours<br />
Rate per hour - Rs. I<br />
[Ans : Halsey premium plan Rs. 44; Rowan Scheme Rs. 46.67]<br />
26. From the following data, you are required to calculate the total earnings of a worker under:<br />
(a) Halsey premium plan<br />
Hourly rate - Rs. 3<br />
Standard time - 16 hours<br />
Time taken - 12 hours<br />
(b) Under Halsey-Weir premium plan<br />
Time allowed - 48 hours<br />
Time taken - 40 hours<br />
Rate per hour - Rs. 3<br />
[Ans : (a) Rs. 4.2 (36 + 6); (b) Rs. 127.2 (120 + 7.2)]<br />
000
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