do not use excel, use formula An executive gets paid P500,000 per year, while his secretary is paid P200,000.In 4 hours, an executive working alone can complete a certain assignment. If hedelegated the duty to his secretary, it would take 30 minutes for him to explainthe work and another 45 minutes for him to check the completed work. Becausethe secretary is unfamiliar with the assignment, it takes her an additional 6 hoursafter she is told. Determine the cost of executing the assignment by each waybased solely on salary costs, assuming the secretary works 2,400 hours per yearand the CEO 3,000 hours per year.Your answer

The costs which are associated with the cost of work which are going to be done by the employee…

Answered: after she is told. Determine the cost…

after she is told. Determine the cost of executing the assignment by each way based solely on salary costs, assuming the secretary works 2,400 hours per year and the CEO 3,000 hours per year.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

do not use excel, use formula

An executive gets paid P500,000 per year, while his secretary is paid P200,000.
In 4 hours, an executive working alone can complete a certain assignment. If he
delegated the duty to his secretary, it would take 30 minutes for him to explain
the work and another 45 minutes for him to check the completed work. Because
the secretary is unfamiliar with the assignment, it takes her an additional 6 hours
after she is told. Determine the cost of executing the assignment by each way
based solely on salary costs, assuming the secretary works 2,400 hours per year
and the CEO 3,000 hours per year.
Your answer

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