SOLUTION Q 4(a) ICMAP WINTER 2010, FCMA

IT IS A COPY PASTE QUESTION. THEY ADOPTED IT FROM B,COM ANUUAL EXAM, PUNJAB UNIVERSITY 1987. JUST FIGURES ARE
CHANGED, OTHERWISE REMAINING THINGS ARE SAME. IN MY OPINION NUMBER OF WORKERS SHOULD BE 5 INSTEAD OF 10,FROM
DOING SO, QUESTION WILL BE MORE LOGICAL THAN ITS CURRENT SHAPE.REGARDS: KHALID AZIZ

DAYS UNITS ACTUAL STD TIME REG BONUS TOTAL TOTAL TOTAL UNIT UNIT UNIT
HOURS HOURS SAVED WAGES LABOUR FOH CONV LABOUR FOH CONV COST
COST COST COST
MONDAY 1900 80 38 NIL 3200 NIL 3200 640 3840 1.6842 0.337 2.021
TUESDAY 2250 80 45 NIL 3200 NIL 3200 640 3840 1.4222 0.284 1.707
WEDNESDAY 2300 80 46 NIL 3200 NIL 3200 640 3840 1.3913 0.278 1.670
THURSDAY 2250 80 45 NIL 3200 NIL 3200 640 3840 1.4222 0.284 1.707
FRIDAY 2200 80 44 NIL 3200 NIL 3200 640 3840 1.4545 0.291 1.745

COMPUTATIONS

BONUS = (TIME SAVED X 100% WAGE RATE)

TOTAL WAGES = (TIME WORKED X WAGE RATE) + BONUS 80 X 40 = 3200

ACTUAL HOURS = 8 X 10 = 80

STANDARD HOURS = (ACTUAL UNITS/STD UNITS PER HOUR)

TOTAL FOH = (45 + 35) = 80 X 8 = 640

TOTAL CC = LAB + FOH

UNIT LABOUR COST = TOTAL LAB / UNITS

UNIT FOH COST = TOTAL FOH / UNITS UNIT CC = TOTAL CC / UNITS

KHALID AZIZ
0322-3385752
SOLUTION Q 4(a) ICMAP WINTER 2010, FCMA

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COACHING CLASSES

ICMAP STAGE 1, 2, 3 & 4

KHALID AZIZ
0322-3385752