MATS Lesson 3 - Plenary

Which of the below are the main payment methods for direct labour?

• Net pay

• Piecework

• Time rate

• Bonus system

A Evans works for Omega Ltd and is paid by the piecework method. The rate used is £1.30 per unit. What is their gross wage if 320 units we produced.

• £130

• £416

• £461

• £320

Select the correct payment method

Labour is paid according to hours worked, plus an extra amount if an agreed level of output is exceeded.

• Time-rate

• Piecework

• Time-rate plus bonus

Greville Ltd pays a time rate of £12 per hour. Any overtime is paid at £18 per hour in excess of 38 hours. What is the gross wage for S Cambridge is they work 43 hours?

• £774

• £516

• £456

• £546

You have just paid an admin staff member £500. What would the journal be to post this?

• DR Wages control

  CR Non-Production overheads

• CR Wages control

  DR Non-Production overheads

• DR Wages control

  CR Admin expenses

• CR Wages expenses DR

  Non-Production overheads

Print "n" Go pays it employees basic 35 hours. Any overtime is paid at two rates, time and a third for weekdays (rate 1) and time and a half for weekends (rate 2). Production bonus is paid at 50p per 1,000 copies printed.

What is the gross wages?

• £423.50

• £388.50

• £411.00

• £446.00

Print "n" Go pays it employees basic 35 hours. Any overtime is paid at two rates, time and a third for weekdays (rate 1) and time and a half for weekends (rate 2). Production bonus is paid at 50p per 1,000 copies printed.

What is the piecework rate?

• £22.50

• £45.00

• £33.75

• £21.50

A company pays its production-line employees on a piecework basis, but with a guaranteed rate. How much will P Grant be paid?

• £400

• £450

• £435

• £396