Which of the following formula is used to calculate wage payment under Barth's scheme —

CS Executive · Cost and Management Accounting · PYQS · June 2015
Which of the following formula is used to calculate wage payment under Barth's scheme —
(A) Hourly × √standard time × actual time rate
(B) Standard × actual time × hourly rate time
(C) Actual × standard time × hourly rate time
(D) Actual × standard output × hourly rate. time

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Labour Costing

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