Calculate the earnings of worker A, B, C, & D under Taylor’s Differential Piece Rate
System from the following particulars.
Standard production – 8 units per hour
Workers work for 10 hours per day
Normal time rate Rs. 4/- per hour
Actual performance of workers
A – 65 units per day
B – 80 units per day
C – 75 units per day
D – 92 units per day
Answers
Explanation:
uding Rowan bonus for the week
? [2]
Answer.
Standard time = 5 minutes x 720 units = 60 hours
60 minutes
Time taken = 48 hrs.
Time saved = 12 hrs.
Total earning of a worker under Rowan plan
= (48 hrs. x ` 15) + ( 12 hrs. x 48 hrs. x ` 15)
60 hrs.
= ` 720 + ` 144 = ` 864
(e) ABC Ltd. is having 400 workers at the beginning of the year and 500 workers at the end of
the year. During the year 20 workers were discharged and 15 workers left the organization.
During the year the company has recruited 65 workers. Of these, 18 workers were recruited in
the vacancies of those leaving, while the rest were engaged for an expansion scheme. What is
the labour turnover rate under separation method ? [2]
Answer.
Average number of workers = (400 + 500)/2 = 450
Separation method = No. of separations during the period x 100
Average number of workers during the period
= 20 + 15 x 100
450
= 7.78%
(f) What is group bonus ? [2]
Answer.
Group Bonus refers to the bonus paid for the collective efforts made by a group of workers. Such
a scheme is introduced generally when individual efficiency cannot be established/ measured
for the payment of bonus. The quantum of bonus is determined on the basis of productivity/
output of the team as a whole. Bonus is shared by the individual workers in specified proportions
e.g. on proportions of time based wages.
2. (a) Define Explicit costs. How is it different from implicit costs? [4]
Answer.
Explicit costs: These costs are also known as out of pocket costs. They refer to those costs which
involves immediate payment of cash. Salaries, wages, postag
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