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Standard output 1000units Actual outputs 1200 units cost per unit 20 what is total wages under Gantt task bonus scheme?
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Standard output 1000units Actual outputs 1200 units cost per unit 20 w...
Total Wages under Gantt Task Bonus Scheme
- Calculation:
- Standard output: 1000 units
- Actual output: 1200 units
- Cost per unit: $20
- Explanation:
Under the Gantt Task Bonus Scheme, employees are rewarded with a bonus for exceeding the standard output. In this case, since the actual output is 1200 units which is 200 units more than the standard output, the bonus will be calculated based on the additional units produced.
- Additional Units Produced:
1200 units - 1000 units = 200 units
- Bonus Calculation:
Bonus = Number of additional units x Cost per unit
Bonus = 200 units x $20 = $400
- Total Wages:
Total Wages = Standard wages + Bonus
Total Wages = (Standard output x Cost per unit) + Bonus
Total Wages = (1000 units x $20) + $400
Total Wages = $20,000 + $400
Total Wages = $20,400
In conclusion, under the Gantt Task Bonus Scheme, the total wages for producing 1200 units would be $20,400, which includes the standard wages for 1000 units and a bonus of $400 for exceeding the standard output by 200 units.
- Calculation:
- Standard output: 1000 units
- Actual output: 1200 units
- Cost per unit: $20
- Explanation:
Under the Gantt Task Bonus Scheme, employees are rewarded with a bonus for exceeding the standard output. In this case, since the actual output is 1200 units which is 200 units more than the standard output, the bonus will be calculated based on the additional units produced.
- Additional Units Produced:
1200 units - 1000 units = 200 units
- Bonus Calculation:
Bonus = Number of additional units x Cost per unit
Bonus = 200 units x $20 = $400
- Total Wages:
Total Wages = Standard wages + Bonus
Total Wages = (Standard output x Cost per unit) + Bonus
Total Wages = (1000 units x $20) + $400
Total Wages = $20,000 + $400
Total Wages = $20,400
In conclusion, under the Gantt Task Bonus Scheme, the total wages for producing 1200 units would be $20,400, which includes the standard wages for 1000 units and a bonus of $400 for exceeding the standard output by 200 units.
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Standard output 1000units Actual outputs 1200 units cost per unit 20 w...
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Standard output 1000units Actual outputs 1200 units cost per unit 20 what is total wages under Gantt task bonus scheme?
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Standard output 1000units Actual outputs 1200 units cost per unit 20 what is total wages under Gantt task bonus scheme? for Self Help Learning 2025 is part of Self Help Learning preparation. The Question and answers have been prepared according to the Self Help Learning exam syllabus. Information about Standard output 1000units Actual outputs 1200 units cost per unit 20 what is total wages under Gantt task bonus scheme? covers all topics & solutions for Self Help Learning 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Standard output 1000units Actual outputs 1200 units cost per unit 20 what is total wages under Gantt task bonus scheme?.
Standard output 1000units Actual outputs 1200 units cost per unit 20 what is total wages under Gantt task bonus scheme? for Self Help Learning 2025 is part of Self Help Learning preparation. The Question and answers have been prepared according to the Self Help Learning exam syllabus. Information about Standard output 1000units Actual outputs 1200 units cost per unit 20 what is total wages under Gantt task bonus scheme? covers all topics & solutions for Self Help Learning 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Standard output 1000units Actual outputs 1200 units cost per unit 20 what is total wages under Gantt task bonus scheme?.
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