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) |
