Question

A workman takes 9 hours to complete a job on daily wages and 6 hours on a scheme of payment by results. His day rate is 25 paise an hour. The material cost of the product is Rs. 4 and the factory overheads are recovered at 150% of the total direct wages. Calculate the factory cost of the product under (i) Time basis, and (ii) Piece basis.


plesse answers:​

Answer 1

Answer:

A worker takes 9 hours to complete a job on daily wages and 6 hours on a scheme of payment by results. His day rate is Rs 7.50 an hour, the material cost of the product is Rs 40 and the overheads are 150% of the total direct wages. Calculate the factory cost of the product under (a) piecework plan, (b) Rowan plan and (c) Halsey plan.