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Question 5 a) Mention Two typical factors to be considered in wage determination b) State...

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Accounting

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Question 5 a) Mention Two typical factors to be considered in wage determination b) State Two mechanisms of labour control c) Olu. Obi and Oko are operative employed to work in the production of the same component for a basic hourly rate of N200 per hour. Their remuneration is based on day rate under the hasley bonus scheme. Their output for the month of November 2020 is as shown below: Total units produced Time taken Olu Obi Oko 9,000 units 9,000 units 9,000 units 50 hrs 76 hrs 65 hrs Given that the time allowed is 1 hour per 100 units. Calculate i. Time saved by each employee ii. Wage of each employee [12.5 marks) 7

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