Question

effective hourly wages rate rupees 12 wage rate rupee 10 per hour , standard time 50 hrs. calculate time saving under rowan plan​

Answer 1

Answer:

Under this method standard time for doing a job is determined and workers are encouraged to do the job in less than the standard time. They are given wages for the actual time they take to do the job, but if they save time they are also paid a bonus equal to one-half (sometimes one-third) of the wages of the time saved.