S3 Accounting Labour Remuneration

There are four methods of recording employee 'time' to calculate their wages. Which answer below is NOT a method? (see page 1 of core notes)

• Disc Method

• Time Recording Clocks

• Weekly Time Sheets

• Calculating the number of items made

An empoyee works 22 hours and is paid £14 an hour. What is their earnings for that week?

• £308

• £616

• £154

• £280

The process of paying staff more than their normal hourly rate for working extra hours is called ...

• overtime

• bonus

• commission

• basic pay

Which answer below is NOT a typical overtime rate?

• Half time

• Time and a half

• Double time

• Time and a quarter

An employee works 35 hours at £12 per hour. They also work 5 hours overtime at time and a half. What is their gross wage that week?

• £90

• £420

• £480

• £510

An employee works 14 hours overtime in a week. Their normal hourly rate is £18 per hour. Four of those hours were during the week when the overtime rate is time and a third. The rest were at the weekend when the overtime rate is double time. How much is the employee paid for all their overtime?

• £504

• £456

• £336

• £360

What is NOT an advantage of the time-based system (see page 7)?

• Easy to calculate wages

• Can easily predict wages

• It is an incentive for staff to work hard

• Suitable system where output cannot be measured

Staff are paid £5.00 for each laptop they assemble. They are also paid a flat rate of £100 per week. How much would employee A be paid if they make 32 laptops in a week?

• £100

• £160

• £260

• £360

Staff are paid £25.00 for each bike they assemble. They are also paid a flat rate of £200 per week. How much would employee B be paid if they assemble 14 bikes in a week?

• £450

• £350

• £550

• £5,350

What is a disadvantage of the piece-work system (page 9)? More than one answer may be correct!

• It is not an incentive for staff to work hard and increase output

• It is not a good sysem for when when identical products are being made

• Staff may find their wages fluctuate (change) from week to week

• Units need to be checked for quality in case staff have rushed output