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From the analysis of time card and employ it was find out that out of total 48 machine hours 45 hours where consume on job including for hours over time it was also find out that there was an idle time of 3 hours Due to certain machine breakdown. labour rate is 6 rupees per hour but for overtime 50% extra wages is paid . you are required to find out total wages of employee and its classification into direct and indirect wages.?
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From the analysis of time card and employ it was find out that out of ...
Calculation of Total Wages and Classification into Direct and Indirect Wages
Given Information:
- Total machine hours = 48
- Machine hours consumed on job (including 4 hours overtime) = 45
- Idle time due to machine breakdown = 3 hours
- Labor rate = 6 rupees per hour
- Overtime wages = 50% extra
Calculation of Wages:
- Total wages = (Machine hours consumed on job x Labor rate) + (Overtime hours x Labor rate x 1.5)
- Total wages = (45 x 6) + (4 x 6 x 1.5)
- Total wages = 270 + 36
- Total wages = 306 rupees
Classification into Direct and Indirect Wages:
- Direct wages are those wages which are directly related to the production of goods or services. In this case, the wages paid for the 45 machine hours consumed on the job are direct wages.
- Direct wages = Machine hours consumed on job x Labor rate
- Direct wages = 45 x 6
- Direct wages = 270 rupees
- Indirect wages are those wages which are not directly related to the production of goods or services. In this case, the wages paid for the 4 hours of overtime and the 3 hours of idle time due to machine breakdown are indirect wages.
- Indirect wages = (Overtime hours x Labor rate x 1.5) + (Idle time x Labor rate)
- Indirect wages = (4 x 6 x 1.5) + (3 x 6)
- Indirect wages = 36 + 18
- Indirect wages = 54 rupees
Therefore, the total wages paid to the employee is 306 rupees which can be classified as 270 rupees of direct wages and 54 rupees of indirect wages.
Given Information:
- Total machine hours = 48
- Machine hours consumed on job (including 4 hours overtime) = 45
- Idle time due to machine breakdown = 3 hours
- Labor rate = 6 rupees per hour
- Overtime wages = 50% extra
Calculation of Wages:
- Total wages = (Machine hours consumed on job x Labor rate) + (Overtime hours x Labor rate x 1.5)
- Total wages = (45 x 6) + (4 x 6 x 1.5)
- Total wages = 270 + 36
- Total wages = 306 rupees
Classification into Direct and Indirect Wages:
- Direct wages are those wages which are directly related to the production of goods or services. In this case, the wages paid for the 45 machine hours consumed on the job are direct wages.
- Direct wages = Machine hours consumed on job x Labor rate
- Direct wages = 45 x 6
- Direct wages = 270 rupees
- Indirect wages are those wages which are not directly related to the production of goods or services. In this case, the wages paid for the 4 hours of overtime and the 3 hours of idle time due to machine breakdown are indirect wages.
- Indirect wages = (Overtime hours x Labor rate x 1.5) + (Idle time x Labor rate)
- Indirect wages = (4 x 6 x 1.5) + (3 x 6)
- Indirect wages = 36 + 18
- Indirect wages = 54 rupees
Therefore, the total wages paid to the employee is 306 rupees which can be classified as 270 rupees of direct wages and 54 rupees of indirect wages.
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From the analysis of time card and employ it was find out that out of total 48 machine hours 45 hours where consume on job including for hours over time it was also find out that there was an idle time of 3 hours Due to certain machine breakdown. labour rate is 6 rupees per hour but for overtime 50% extra wages is paid . you are required to find out total wages of employee and its classification into direct and indirect wages.?
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From the analysis of time card and employ it was find out that out of total 48 machine hours 45 hours where consume on job including for hours over time it was also find out that there was an idle time of 3 hours Due to certain machine breakdown. labour rate is 6 rupees per hour but for overtime 50% extra wages is paid . you are required to find out total wages of employee and its classification into direct and indirect wages.? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about From the analysis of time card and employ it was find out that out of total 48 machine hours 45 hours where consume on job including for hours over time it was also find out that there was an idle time of 3 hours Due to certain machine breakdown. labour rate is 6 rupees per hour but for overtime 50% extra wages is paid . you are required to find out total wages of employee and its classification into direct and indirect wages.? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for From the analysis of time card and employ it was find out that out of total 48 machine hours 45 hours where consume on job including for hours over time it was also find out that there was an idle time of 3 hours Due to certain machine breakdown. labour rate is 6 rupees per hour but for overtime 50% extra wages is paid . you are required to find out total wages of employee and its classification into direct and indirect wages.?.
From the analysis of time card and employ it was find out that out of total 48 machine hours 45 hours where consume on job including for hours over time it was also find out that there was an idle time of 3 hours Due to certain machine breakdown. labour rate is 6 rupees per hour but for overtime 50% extra wages is paid . you are required to find out total wages of employee and its classification into direct and indirect wages.? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about From the analysis of time card and employ it was find out that out of total 48 machine hours 45 hours where consume on job including for hours over time it was also find out that there was an idle time of 3 hours Due to certain machine breakdown. labour rate is 6 rupees per hour but for overtime 50% extra wages is paid . you are required to find out total wages of employee and its classification into direct and indirect wages.? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for From the analysis of time card and employ it was find out that out of total 48 machine hours 45 hours where consume on job including for hours over time it was also find out that there was an idle time of 3 hours Due to certain machine breakdown. labour rate is 6 rupees per hour but for overtime 50% extra wages is paid . you are required to find out total wages of employee and its classification into direct and indirect wages.?.
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From the analysis of time card and employ it was find out that out of total 48 machine hours 45 hours where consume on job including for hours over time it was also find out that there was an idle time of 3 hours Due to certain machine breakdown. labour rate is 6 rupees per hour but for overtime 50% extra wages is paid . you are required to find out total wages of employee and its classification into direct and indirect wages.?, a detailed solution for From the analysis of time card and employ it was find out that out of total 48 machine hours 45 hours where consume on job including for hours over time it was also find out that there was an idle time of 3 hours Due to certain machine breakdown. labour rate is 6 rupees per hour but for overtime 50% extra wages is paid . you are required to find out total wages of employee and its classification into direct and indirect wages.? has been provided alongside types of From the analysis of time card and employ it was find out that out of total 48 machine hours 45 hours where consume on job including for hours over time it was also find out that there was an idle time of 3 hours Due to certain machine breakdown. labour rate is 6 rupees per hour but for overtime 50% extra wages is paid . you are required to find out total wages of employee and its classification into direct and indirect wages.? theory, EduRev gives you an
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