gce 2021 intermediate level international ohada financial accounting 2

gce 2021 intermediate level international ohada financial accounting 2

gce 2021 intermediate level international ohada financial accounting 2

 

1. (a) Mr. kanghi Emmanuel is a worker in the company BIFUNDE Ltd and is in category 6, echelon F.
During the month of January 2020, the following data was extracted from his Time Card:

1st Week	4 hours and 2 hours on Sunday
2nd Week	50 hours
3rd Week	40 hours and 3 hours at night
4th Week	60 hours

Mr. kanghi Emmanuel earns a monthly Basic Salary of 123,885 FCFA.
Required:
(i) Calculate the hourly rate for Mr. kanghi given that the statutory monthly duration of work is 173,33 hours.
(2.5marks)
(ii) Calculate the Overtime hours of Mr. kanghi Emmanuel using Appendix 1. (7 marks)
(b) The Time Card of workers in MESSASI Enterprise during the 2nd Week of January 2020 (6th to 11th)
indicated the following:

Workers’ Names	Hourly Rate	Post	Time worked in Hours daily
6th	7th	8th	9th	10th	11th
GEH	2,400	Electrician	8	8	8	8	8	8
DUNG	3,600	Electrician	9	8	–	10	12	10
MANG	3,000	Electrician	7	8	11	8	7	9
KELLU	3,200	Builder	9	9	8	9	10	10
NENGEH	4,100	Foreman	10	6	8	7	7	10

You are further informed that:
➢ A normal working week is 40 hours;
➢ Overtime is paid an hourly rate increased by 20% from the 41st to the 48th hour each and an hourly rate
increased by 30% from the 49th hour.
Required:
(iii) Calculate the Overtime remuneration earned by each worker for the week using Appendix 2. (8 marks)

(iv) Determine the Basic Wages earned by each worker for work using Appendix 3.

(2.5 marks) (Total 20 marks)