User Account

All Pages

Calculate total labour costs

Assignment Help Managerial Accounting
Reference no: EM133024063

Question - The Nekoachemo Ltd hired five employees. Each of the four employees worked a total of 20 overtime hours. The one employee worked a total of 25 hours. Employees work 52 weeks in a financial year of which 45 weeks are normal working weeks. The company's normal hours in a week are 48 hours per employee. The normal rate is R50 per hour per employee. The overtime rate is two and half the normal rate.

Employer's total contributions are as follows:

Pension fund is 9% of basic salary.

UIF is 1% of gross salary.

Annual total Medical aid (for all employees) is R42 743,75

Required - Calculate total labour costs.

Reference no: EM133024063

Questions Cloud

What factors affecting the reliability and validity of data : What factors affecting the reliability and validity of data might you need to analyse?
What type of system would be beneficial for the usa : What type of system would be beneficial for the USA in this current climate?
Security risk analysis : Write a security risk analysis to identify all possible security risks associated with the usage of Canvas in the library or on home computers.
How does timberland''s commitment to social and environmental : In dealing with suppliers around the world, Timberland promotes fair labour practices and human rights. According to the company's Global Human Rights Standard
Calculate total labour costs : The Nekoachemo Ltd hired five employees. Each of the four employees worked a total of 20 overtime hours. Calculate total labour costs
Benefits to use of cryptocurrency : While there are many benefits to the use of cryptocurrency, there is also much skepticism from the general public.
Discovered several methods to attack-defeat cryptosystems : Malicious individuals have discovered several methods to attack and defeat cryptosystems
Compute the monthly beginning of-the-period payment : Compute the monthly beginning of-the-period payment that is necessary to fund the current value of college education costs
Explain difference between Financial Management Accounting : Explain the difference between Financial Accounting, Management Accounting and Cost Accounting

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Schedule of estimated july cash payments for purchases

Prepare a schedule of estimated July cash payments for purchases and Prepare schedules of July selling and administrative expenses, separately identifying

  What must the cost of goods manufactured be

What must the cost of goods manufactured be? If the cost of goods sold is $200,000 and the ending finished goods inventory is $15,000.

  Ryt aka rotyourteeth candy company sells lollipopslast year

ryt aka rotyourteeth candy company sells lollipops.last year the company sold 10000000 lollipops for 1000000.the

  Write a one-paragraph interpretation of the information

Show the analysis in a table format. Write a one-paragraph interpretation of the information presented in the table

  Compute predetermined overhead rate using estimated grooming

Sofía has been asked to groom 3 large dogs. She expects this job to require a total of 15 direct labor grooming hours. Compute her total cost.

  Identify the costs as variable-fixed or mixed

Fee paid to security company for monthly service - Identify the costs as variable (V), fixed (F), or mixed (M).

  What the governments take in making future decisions

What you know about costing, what direction would you suggest, the governments take, in making future decisions about manufacturing in North America?

  Calculate the value of their equity

For each company, calculate the (1) value of their equity and (2) the total market value of the company. Are they in equilibrium

  Compute the break-even point in dollars and in units

Using the contribution margin technique, compute the break-even point in dollars and in units. In the month of March, Crane Salon services 610 clients

  Construct chelsea clinic flexible budget

Construct Chelsea Clinic's flexible budget and actual operating results for 2015. What are the profit variance, revenue variance, and cost variance?

  How much does company anticipate as cash receipts for march

Two percent are uncollectible. How much does the company anticipate as cash receipts for March? The credit sales are budgeted by Polex Electronics

  Create a formal schedule of the cost of goods manufactured

Create a formal schedule of the Cost of Goods Manufactured. Work-in-process inventory was $22,000 at January 1 and $15,500 at December 31.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd