An employee works 40 hours/week at 8/hour. Bonus: 30% of hourly rate per hour of time saved. Standard time: 30 minutes per unit. Last week: 40 hours worked, 90 units produced. What were her total earnings?

Home › MCQs › SSC Financial and Cost Accounting P-1 › Question #6120

SSC Financial and Cost Accounting P-1 QUESTION #6120

Question 1

An employee works 40 hours/week at $8/hour. Bonus: 30% of hourly rate per hour of time saved. Standard time: 30 minutes per unit. Last week: 40 hours worked, 90 units produced. What were her total earnings?

$320
$332✔️
$360
$416

Correct Answer Explanation

Option B ($332) is correct.

Basic pay: 40 × $8 = $320

Allowed time for 90 units = 45 hours; Actual = 40 hours; Time saved = 5 hours

Bonus = 5 × (30% × $8) = 5 × $2.40 = $12

Total = $320 + $12 = $332

More Options