During the first 48 hour week of April, the workman Kallu produced 300 units of a product. He receives wages on the basis of piecework with guaranteed wage for the week at the rate of ₹40 per hour. Piece rate is ₹8.00 pe
CS Executive · Cost and Management Accounting · PYQS · June 2014
During the first 48 hour week of April, the workman Kallu produced 300 units of a product. He receives wages on the basis of piecework with guaranteed wage for the week at the rate of ₹40 per hour. Piece rate is ₹8.00 per unit. The estimated time to produce one unit is 15 minutes and under incentive scheme the time allowed is decreased by 20%. Calculate his gross wages according to: Rowan premium bonus; and Halsey premium bonus 50% to workman.
Topics: Labour Costing
Related Questions in this Topic
- Which of the following is not an avoidable cause of labour turnover ?
- If standard time is 72 hours, then what would be time saved to getting same bonus under Halsey Plan and Rowan Plan ?
- Most of the firms prefer to treat the learners' wages as............as learners take more time than a trained worker.
- The following information is given to you: Standard output in 12 hours is 144 units. Actual output of a worker in 10 ...
- Priestman Production Bonus Plan is a :