a worker under halsey method of remuneration has a day rate of 200 per week of 48 hrs plus of cost of living bonus 5 per hour worked. he has given 8 hrs task to perform which he accomplished 6 hrs. he is allowed 30% of time saved as premium bonus. what would be his total hourly rate of earning and what is the difference would it make if he was paid under rowan method?
Answers
Answer:
Ques5. A worker under the halsey method of remuneration has a day rate of Rs 12per week of 48 hours, plus a cost of living bonus of 10 paise per hour worked. He is given an 8 hour task to perform, which the accomplishes in 6 hours. He is allowed 30% of the time saved as premium bonus. What would be his total hourly rate of earnings, and what difference would it make if he was paid under the Rowan method?Ques6. Standard time for completion of a task is 20 hours and per hour rate is Rs 1. In addition for every hour worked, there is a dearness allowance at the rate of paise 30.Time taken by a worker is 15 hours. Calculate his earnings under:1.Time wage system2.Piece wage system3. Halsey-plan4.Rowan plan?Ques7. In a factory, number of bonus hours has the same ratio to the number of hours saved which is there of the time actually taken to the standard time.If the standard time is 50 hours and the actual time taken is 40 hours, calculate the bonus hours.As per the above standard time, also state how many maximum bonus
His earnings is Rs. 57.72 and the difference is Rs. 3.78.
Given,
Hours worked = 6hrs
Hours for task = 8 hours
Rate per 48 hours = Rs. 200
Cost of living = Rs. 5 per hour
Time saved premium = 30%
To Find,
The total rate of earning under the Halsey method =?
Difference between the total rate of earning under the Halsey method and the Rowan plan =?
Solution,
The rate per 48 hours = 200
The rate per hour = 200/48
The rate per hour = Rs. 4.1667 = Rs. 4.2
The total earnings under the Halsey method:
Earnings = (Hours worked*Rate per hour) + (30%*Time saved*Rate per hour) + (Cost of living)
Earnings = (6*4.2) + [(30/100) * (8-6) * 4.2] + (5*6)
Earnings = (25.2) + (2.52) + 30
Earnings = Rs. 57.72
The total earnings under the Rowan method:
Earnings = (Hours worked*rate per hour) + [(Time saved/Time allowed)*Hours worked*Rate per hour] + (Cost of living)
Earnings = (6*4.2) + [(2/8)*6*4.2] + (5*6)
Earnings = (25.2) + [6.3] + (30)
Earnings = Rs. 61.5
The difference between the Hasley and the Rowan plan = 61.5 - 57.72
The difference between the Hasley and the Rowan plan = Rs. 3.78
Hence, his total hourly rate of earning under the Hasley plan will be Rs. 57.72 and the difference it would make if he was paid under rowan method is Rs. 3.78.