The employment contract of Mr Bean, an employee at Velebahleke Limited has the following conditions of service: A normal day is 9 hours, including ninety (90) minutes for tea and lunch breaks, and a normal week is 5 days, Monday to Friday The basic wage rate is R100 per hour. Public holidays are fully paid and are equivalent to 2 weeks. Leave entitiement is 3 weeks and is also fully paid. Bonus payable is equal to R12,50 for every unit over and above standard production. Standard production output per hour should equal 6 units. Actual information for the week ended 11 April 2023 Mr Bean actually worked 50 hours for the week under revlev Number of units he produced for the week under seview is 320 unito. Calculate the following and choose the correct anawer from the options provided • The annual normal wage that Mr Bean should ear amounts to R234 000 • Overtime payable to Mr Bean R750 • Number of units Mr Beon should have produced during the week under review (in terms of the hours worked equal 270 • Bonus payable to Mr Bean for the weck under review is R250 • The annual expected productive hours R1 762,50 •
Question
The employment contract of Mr Bean, an employee at Velebahleke Limited has the following conditions of service: A normal day is 9 hours, including ninety (90) minutes for tea and lunch breaks, and a normal week is 5 days, Monday to Friday The basic wage rate is R100 per hour. Public holidays are fully paid and are equivalent to 2 weeks. Leave entitiement is 3 weeks and is also fully paid. Bonus payable is equal to R12,50 for every unit over and above standard production. Standard production output per hour should equal 6 units. Actual information for the week ended 11 April 2023 Mr Bean actually worked 50 hours for the week under revlev Number of units he produced for the week under seview is 320 unito. Calculate the following and choose the correct anawer from the options provided • The annual normal wage that Mr Bean should ear amounts to R234 000 • Overtime payable to Mr Bean R750 • Number of units Mr Beon should have produced during the week under review (in terms of the hours worked equal 270 • Bonus payable to Mr Bean for the weck under review is R250 • The annual expected productive hours R1 762,50 •
Solution
Let's calculate each point step by step:
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The annual normal wage that Mr Bean should earn amounts to: Mr Bean works 9 hours a day, 5 days a week, for 52 weeks a year. However, 90 minutes a day are for breaks, so he is paid for 7.5 hours a day. Therefore, his annual wage is 7.5 hours/day * 5 days/week * 52 weeks/year * R100/hour = R195,000. So, the statement is incorrect.
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Overtime payable to Mr Bean: Mr Bean worked 50 hours in a week, but a normal week is 45 hours (9 hours/day * 5 days/week). Therefore, he worked 5 hours overtime. Overtime is usually paid at a higher rate, but since the question doesn't specify an overtime rate, we'll use the normal rate of R100/hour. Therefore, his overtime pay is 5 hours * R100/hour = R500. So, the statement is incorrect.
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Number of units Mr Bean should have produced during the week under review: Mr Bean should produce 6 units per hour. Therefore, in 50 hours, he should have produced 50 hours * 6 units/hour = 300 units. So, the statement is incorrect.
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Bonus payable to Mr Bean for the week under review: Mr Bean produced 320 units, which is 20 units more than the standard 300 units. Therefore, his bonus is 20 units * R12.50/unit = R250. So, the statement is correct.
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The annual expected productive hours: Mr Bean is expected to work 7.5 hours a day, 5 days a week, for 52 weeks a year. Therefore, his annual expected productive hours are 7.5 hours/day * 5 days/week * 52 weeks/year = 1,950 hours. So, the statement is incorrect.
Similar Questions
A normal day is 9 hours, including ninety (90) minutes for tea and lunch breaks; and a normal week is 5 days, Monday to Friday.· The basic wage rate is R100 per hour.· Public holidays are fully paid and are equivalent to 2 weeks.· Leave entitlement is 3 weeks and is also fully paid.· Bonus payable is equal to R12,50 for every unit over and above standard production.· Standard production output per hour should equal 6 units.· Overtime is 1,5 times the normal rate. Actual information for the week ended 11 April 2023¨ Mr Bean actually worked 50 hours for the week under review.¨ Number of units he produced for the week under review is 320 units.Required:Calculate the following and choose the correct answer from the options provided:The annual normal wage that Mr Bean should earn amounts to Blank 1 .Overtime payable to Mr Bean Blank 2 Number of units Mr Bean should have produced during the week under review (in terms of the hours worked equal Blank 3 Bonus payable to Mr Bean for the week under review is Blank 4 . The annual expected productive hours Blank 5
Hide Transcribed TextBT11703 (MACROECONOMICS I) CHAPTER 5 (MEASURING THE COST OF LIVING) PROBLEMS AND APPLICATIONS PAGE 224-225 Q1. Suppose that the residents of Vegopia spend all of their income on long beans, bean sprouts, and carrots. In 2006, they buy 100 strands of long beans for RM200.00, 50 kilos of beans sprouts for RM75.00, and 500 carrots for RM50.00. In 2007, they buy 75 strands of long beans for RM225.00, 80 kilos of beans sprouts for RM120.00, and 500 carrots for RM100.00.
BT11703 (MACROECONOMICS I) CHAPTER 5 (MEASURING THE COST OF LIVING) PROBLEMS AND APPLICATIONS PAGE 224-225 Q1. Suppose that the residents of Vegopia spend all of their income on long beans, bean sprouts, and carrots. In 2006, they buy 100 strands of long beans for RM200.00, 50 kilos of beans sprouts for RM75.00, and 500 carrots for RM50.00. In 2007, they buy 75 strands of long beans for RM225.00, 80 kilos of beans sprouts for RM120.00, and 500 carrots for RM100.00.
Hours of Labour Total Output Marginal Product0 – –1 100 1002 – 803 240
Saif attends an interview for his first job after leaving college. He is offered a labouring job with a building firm. A week after the interview he received written confirmation of what was agreed to at the interview: the start date, the pay, and procedures for grievance and disciplinary matters. He receives nothing further in writing. He starts work and then discovers that given the hours per week that he is expected to work, he is not earning the minimum wage. Further to this, after working for two months, he is told he has to go and work on a site in Germany for a month. Apart from the address of the German site, he is given no further information. what the written statement of employment particulars and the contract of employment must include to comply with the UK law.
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