Supreme Industries Ltd recently adopted an incentive plan. Factory workers are paid at `3.75 per unit with a guaranteed minimum wages of `1,000 per week. Following is a report on employees’...


Supreme Industries Ltd recently adopted an incentive plan. Factory workers are paid at `3.75 per unit with a guaranteed minimum wages of `1,000 per week. Following is a report on employees’ productivity for the week ending March, current year. All employees had worked the full 40-hour week. Weekly summary is as follows:


Required (a) Compute each employee’s gross wages per week, (b) What amount should be charged to work-in-process charged to factory overheads?



Jan 06, 2022
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