A worker in PQR Ltd., is paid a guaranteed wages of ₹60 per hour. The standard time per unit for a particular product is 4 hours. X, a machine man, has been paid wages under the Rowan incentive plan and he had earned an
CS Executive · Cost and Management Accounting · PYQS · December 2020
A worker in PQR Ltd., is paid a guaranteed wages of ₹60 per hour. The standard time per unit for a particular product is 4 hours. X, a machine man, has been paid wages under the Rowan incentive plan and he had earned an effective hourly rate of ₹75 on the manufacture of that particular product. Had he been put on Halsey incentive scheme, his effective hourly rate would be :
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Labour Costing
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