For a given job, standard time allowed is 6 hours and actual time taken by a worker is 8 hours. Rate per hour is ₹10. The wages under Barth premium system is —
CS Executive · Cost and Management Accounting · PYQS · December 2014
For a given job, standard time allowed is 6 hours and actual time taken by a worker is 8 hours. Rate per hour is ₹10. The wages under Barth premium system is —
Answer & Explanation:
Correct Answer: Option (A)
Correct answer: (A) ₹69.30. Barth earnings = hourly rate × √(standard time × actual time) = 10√48 = 69.28, approximately 69.30.
Topics: Labour Costing
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