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# Accounting for labor|Old is gold solution|Grade 12|Account

Accounting for labor, Old is Gold solution of Account | Grade 12

## TIME RATE WAGE SYSTEM

### 2076 Set B Qn. No. 20

Working per day = 7 hours

Working day per month = 25 days

Wage rate per hour = Rs. 10

Working hours in month = Working per day * Working day per month

= 7 * 25

= 175 hours

Wages amount of worker for month = Hour spend in month * Wages rate per hour

= 175 * 10

= Rs. 1750

### 2074 Supp. Qn. No. 20

Work hour per day = 8 hrs.

Wages per hours = Rs. 25

Working day in month = 25 days

Working hours in month = Working day in a month * Work hour per day

= 25 * 8

= 200 hours

Total wages for the month = Working hours in month * Wages per hours

= 200 * 25

= Rs. 5000

### 2074 Supp. Qn. No. 20

Time allowed per unit of output = 45 minutes

Production units: 100 units

Wages rate per hour = Rs. 240

Total working time = Time allowed per unit of output * Production units

= 45 * 100

= 4500 minutes

Total working hours = 4500 / 60

=75 hours

Total wages = Total working hours * Wages rate per hour

= 75 * 240

= Rs. 18000

### 2072 Supp. Qn. No. 19

The standard time to produce one unit = 15 minutes

Hourly wage rate = Rs. 80

Total production = 1000 units

Total working time = Total production * Standard time to produce one unit

= 1000 * 15

= 15000 minutes.

Total working hours = 15000 / 60

= 250 hours

Total wages = Total working hours * Wages rate per hour

= 250 * 80

= Rs. 20000

### 2072 Set C Qn. No. 20

The working hour of a worker for a week = 40 hours

Hours in a week he worked = 50 hours

Extra hours he worked in a week (overtime) = 10 hours

Normal wages rate = Rs. 100 per hour

Overtime wages rate = Rs. 120 per hour

Total earning of the worker = (Working hour of a worker for a week * Normal wages rate) + (Overtime * Overtime wages rate)

= (40 * 100) + (10 *120)

= 4000 + 1200

= Rs. 5200

### 2072 Set E Qn. No. 20

The standard time to produce one unit = 90 minutes

The hourly wages rate = Rs. 100 per hour

Production unit = 20 units

Total working time = The standard time to produce one unit * Production unit

= 90 * 20

= 1800 minutes

Total working hours = 1800 /60

= 30 hours

Total wages of the workers = Total working hours * the hourly wages rate

= 30 * 100

= Rs. 3000

### 2071 Set C. Qn. No. 20

Time allowed to produce 20 units of output = 1 hour

Time allowed to produce 1 unit of output = 60 / 20 hours

= (1/2) hours

Total production of workers during the month = 2000 units

Time consume by the worker during the month = 2000 * (1/2) hours

= 1000 hours

Fixed wages per hour = Rs. 30

Total wages of the workers = Time consume by the worker during the month * Fixed wages per hour

= 1000 * 30

Rs. 30000

### 2070 Supp. Qn. No. 20

The time allowed to produce one unit of output = 30 minutes

I.e. ½ hour

The hourly wages rate = Rs. 60

Production of a worker during the day = 20 units

Total working hour = Production of a worker during the day * the time allowed to produce one unit of output

=1/2 * 20

= 10 hours

Total earning of the worker = Total working hour * the hourly wages rate

= 10 * 60

= Rs. 600

### 2070 Set C Qn. No. 20

Output produced by a worker = 600 unit

Time allowed for 5 units of output = 1 hour (60 minutes)

Time allowed for one unit of output = 60 / 5

= 12 minutes

Time worked by a worker = Time allowed for one unit of output * Output produced by a worker

= 12 * 600 minutes

= 7200 minutes

Total working hours = 7200 / 60

= 120 hours

Wages amount of a worker = Total working hours * Wages rate per hour

= 120 * 120

= Rs. 14400

### 2070 Set D Qn. No. 20

Wages rate per hour = Rs. 90

Time required per unit of output = 30 minutes

I.e. ½ hour

Output production by a worker = 500 units

Total worked hour = ½ * 500

= 250 hour

Wages amount of the worker = Total worked hour * Wages rate per hour

= 250 * 90

= Rs. 22500

### 2069 Supp. Set A Qn. No. 20

Standard hour for 2 units of output = 1 hour

Standard hour for 1 unit of output = ½ hour (30 minutes)

Total production during the month = 420 units

Total worked hours = Standard hours for 1 unit of output * total production

= ½ * 420

= 210 hours

Wages rate for 7 hours = Rs. 140

Wages rate for 1 hour = 140 / 7

= Rs. 20

Monthly wages amount of the worker = Total working hour * wages rate per hour

= 210 * 20

= Rs. 4200

### 2069 (Set B) Qn. No. 20

The time allowed to produce one unit of output = 20 minutes

I.e. 1/3 hour

The hourly wages rate = Rs. 180

Production of the worker during the day = 10 units

Total working hour = Production of the worker during the day * the time allowed to produce one unit of output

=1/3 * 10

= 10/3 hours

Total earning of the worker = Total working hour * the hourly wages rate

= 10/3* 180

= Rs. 600

### 2068 Qn. No. 20

The time allowed for 10 units of output = 1 hour

Time allowed for 1 unit of output = 1/10 hour

Rate per hour = Rs. 50

Production of Kamal during month = 1000 units

Total an hour worked by Kamal during month = Time allowed for 1 unit of output * Production of Kamal during the month

= 1000 * (1/10)

= 100 hours

Earning of Kamal for the month = Total an hour worked by Kamal during month * Rate per hour

= 100 * 50

= Rs. 5000

### 2068 Supp. Qn. No. 20

Time allowed for 10 units of output = 1 hour

The standard time for 1 unit = ½ hour

Production during the period = 15 units

The standard rate of wages per hour = Rs. 40

Total worked hour = production during the period * standard time for one unit

= (15 * ½) hour

= 15/2 hour

Wages paid to workers = Total worked hour * standard rate of wages per hour

= (15/2) * 40

=Rs. 300

### 2067 Supp. Qn. No. 20

The time allowed to produce one unit of output = 20 minutes

I.e. 1/3 hour

The hourly wages rate = Rs. 150

Production of the worker during the day = 24 units

Total working hour = Production of the worker during the day * the time allowed to produce one unit of output

=1/3 * 24

= 24/3 hours

= 8 hours

Total earning of the worker = Total working hour * the hourly wages rate

= 8* 150

= Rs. 1200

### 2066 (C) Qn. No. 20

The time allowed to produce one unit of output = 15 minutes

I.e. 1/4 hour

The hourly wages rate = Rs. 40

Production of the worker during the day = 28 units

Total working hour = Production of the worker during the day * the time allowed to produce one unit of output

=1/4 * 28

= 7 hours

Total earning of the worker = Total working hour * the hourly wages rate

= 7 * 40

= Rs. 280

### 2064 Supp. Qn. No. 20

The working hour of a worker for a week = 48 hours

Hours in a week he worked = 60 hours

Extra hours he worked in a week (overtime) = 12 hours

Normal wages rate = Rs. 20 per hour

Overtime wages rate = Rs. 15 per hour

Total earning of the worker = (Working hour of a worker for a week * Normal wages rate) + (Overtime * Overtime wages rate)

= (48 * 20) + (12 *15)

= 960 + 180

= Rs. 1140

## PIECE RATE WAGE SYSTEM

### 2076 Set B Qn. No. 20

Output produced by a worker = 40 units

Normal time per unit = 30 minutes

Total production in one hour = 2 units

Normal wages rate per hour = Rs. 200

Rate per units = Normal wages rate per hour / Total production in one hour

= 200 / 2

= Rs. 100

Wages of workers = Total production * Rate per unit

= 40 * 100

= RS. 4000

### 2075 GIE Qn. No. 20

Time rate = Rs. 20 per hour

Production units in one hour = 5 units

Hour for 1 unit= 1/5

Rate of one unit = Time rate per hour * Hour for 1 unit of production

= 20 * 1/5

= Rs. 4

Mr. X Production = 40 units

Mr. Y production = 50 units

Wages amount of Mr. X = Mr. X production * Rate per unit

= 40 * 4

= Rs. 160

Wages amount of Mr. Y = Mr. Y production * Rate per unit

= 50 * 4

= Rs. 200

### 2075 Set A Qn. No. 20

Standard output in a day of 8 hours = 56 units

Standard output in 1 hours = 56/ 8 = 7 units

Total production in 180 hours = 7 * 180

= 1260 units

Rate per units = Rs. 100

Monthly wages of a worker = Total production * Rate per unit

= 1260 * 100

= Rs. 126000

### 2075 Set B Qn. No. 20

Standard output per hour = 10 units

The piece-rate = Rs. 20

The working hour in month = 240 hours

Total production = Standard time for 1 unit * Working hour in a month

= 10 * 240

= 2400 units

Monthly wages of workers = Rate per unit * total production

= 20 * 2400

= Rs. 48000

### 2074 Set A Qn. No. 20

The standard time per unit = 1.5 hrs.

Standard production in one hour = 1/1.5 unit

Piece rate = Rs. 200 per unit

The worker worked hour = 180 hours

Total production = Standard production per hour * Worked an hour

= (1 / 1.5) * 180

= 120 units

Monthly wages of worker = Total production * Piece rate

= 120 * 200

= Rs. 24000

### 2074 Set B Qn. No. 20

Monthly working days = 26 days

Working hour per day = 8 hours

Wage rate per unit = Rs. 10

Working hour per month = Working hour per day * Monthly working days

= 8 * 26

= 208 hours

Hourly output = 4 units

Total production = Working hour per month * Hourly output

= 208 * 4

= 832 units

Total wages amount of the workers = Total production * Wages rate per unit

= 832 * 10

= Rs. 8320

### 2073 Supp. Qn. No. 20

Wages rate = Rs. 100 per hour

Normal time = 30 minutes per unit

Production in 1 hour = 2 units

Piece rate = (Wages rate per hour / Production in 1 hour)

= 100 / 2

= 50 units

Production of Unish = 30 units

Production of Uroj = 40 units

Earning of Unish = Production of Unish * piece rate

= 30 * 50

= Rs. 1500

Earning of Uroj = Production of Uroj * Piece rate

= 40 * 50

= Rs. 2000

### 2073 Set C Qn. No. 20

Working hours per week = 50 hours

Working per year = 40 weeks

Working per year = Working hours per week * Working week per year

= 50 * 40

= 2000 hours

Output per hour = 2 units

Output per year = Output per hour * Working hour per year

= 2000 * 2

= 4000 units

Wages per unit = Rs. 10

Annual earning = Output per year * Wages per unit

= 4000 * 10

= Rs. 40000

### 2072 Set D Qn. No. 19

Output per hour = 4 units

Working time per month = 180 hours

Production in one month = Output per hour * Working time per month

= 4 * 180

= 720 units

Total wages per month = Production in one month * Wages rate per unit

= 720 * 5

= Rs. 3600

### 2071 Supp. Qn. No. 20

The standard time to produce one unit = 15 minutes

Production in 1 hour = 60/15

= 4 units

Rate per unit = 60 /4

= Rs. 15

Output per month = 4000 units

Wages payable under piece rate system = Output per month * Rate per unit

= 4000 * 15

= Rs. 60000

### 2071 Set D Qn. No. 20

Standard output per hour = 10 units

Actual worked hour = 40 hour

Actual production units = Standard output per hour * Actual worked hour

= 10 * 40

= 400 units

Wages per unit = Rs. 25

Total wages of workers = Actual production units * Wages per unit

= 400 * 25

= Rs. 10000

### 2069 Supp. Set B Qn. No. 20

Standard time to produce one unit = 30 minutes

Production on one hour = 2 units

Hourly wages rate = Rs. 100

Piece rate = Hourly wages rate / production per hour

= 100 / 2

= Rs. 50

Output produce in a month = 10000 units

Wages payable under piece rate system = Output produce in a month * Piece rate

= 10000 * 50

= Rs. 500000

### 2069 (Set A) Qn. No. 20

Time allowed for 10 units of product = 1 hour

Hourly rate = 40 per hour

Rate per unit = 40 / 10

= Rs. 4

Product per day of Mahila = 55 units

Product per day of Kanchha = 62 units

Wages payable to Mahila = Production per day * Rate per unit

= 55 * 4

= Rs. 220

Wages payable to Kanchha = Production per day * Rate per unit

= 62 * 4

= Rs. 248

### 2067 Qn. No. 20

The standard output in 8 hours = 48 units

The standard output in 1 hour = 48 / 8

= 6 units

Piece rate = Rs. 3

Total production of A = 100 *6

= 600 units

Total production of B = 90 * 6

= 540 units

Monthly earning of A = Total production of A * Piece rate

= 600 * 3

= Rs. 1800

Monthly earning of B = Total production of B * Piece rate

= 540 * 3

= Rs. 1620

### 2066 Qn. No. 20

The weekly working hours in a factory is 48 hours

The worker works in week = 40 weeks

The worker works in hours = Worker works in a week * weekly working hours in a factory

= 40 * 48

= 1920 hours

Total production produced by a worker = 1920 * 20

= 38400 units

Wages rate per unit = Rs. 10

Wages payable to worker = Total production * Wages rate

= 38400 * 10

= Rs. 384000

### 2066 Supp. Qn. No. 20

The standard weekly working hours of a worker = 42 hours

The worker worked = 40 weeks

Worker works = worker worked in weeks * weekly working hours

= 40 * 42

= 1680 hours

Standard output per hour = 5 units

Total output = 1680 * 5

= 8400 units

Rate per piece = 6 per unit

Wages amount = Total production * Rate per unit

= 8400 * 6

= Rs. 50400

### 2065 Qn. No. 20

The standard output per hour = 5 units

Piece rate = 6 per unit

Working time of worker = 200 hours

Total production of a worker = 200 * 5

= 1000 units

Rate per unit = Rs. 6

Monthly wages amount of the worker = Total production * Rate per unit

= 1000 * 6

= Rs. 6000

### 2064 Qn. No. 20

Weekly working hours in factory = 50 hours

Total weeks worker worked = 50 weeks

Total hours = 50 * 50

= 2500 hours

Hourly output = 10 units

Total production = 2500 * 10

= 25000 units

The wages rate per unit = Rs. 10

Wages payable to workers = Total production * Wages rate per unit

= 25000 * 10

= Rs. 250000

=