Question

factory has a 9 hrs 5 day week. a worker takes 9 hrs to complete a job on daily wages 6 hrs under incentive plan his day rate is 37.50 per hrs. calculate his wages to be charged to be job under (i) piece work plan (ii) halsey plan (iii) rowan plan​

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.