A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2016 · Q231 Mark

A manufacturing company employs 20 workers who are paid a basic rate of $30 per hour for a 40-hour week. To meet a special order, the workers each worked 50 hours and were paid a premium of 40% over basic rate for the overtime. What was the value of wages paid to meet the special order?

A$30000

B$32400

C$33600

D$42000

✓ Correct answer

B: $32400

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2016 Paper 1 Variant 2, question 23.

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A manufacturing company employs 20 workers who are paid a basic rate of $30 per hour for a 40-hour week. To meet a special order, the workers each worked 50 hours and were paid a premium of 40% over basic rate for the overtime. What was the value of wages paid to meet the special order?

✓ Correct answer

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