Question

For worker A if Standard
Time : 10 Hours, Time Taken:
8 Hours, Wage Rate: Rs.
25.Total Earning Under
Rowan Bonus Plan will be Rs.
Rs. 250
Rs. 200
Rs. 240
Rs. 300
​

Answer 1

Answer:

240

Explanation:

ROWAN formula says

standard time subtract time taken divided by standard time multiply by time taken multiply by wage given pr hour

Answer 2

Rs 240

Under Rowan Bonus Plan the standard time for the completion of a job and the rate per hour is fixed. If the time taken by the worker is more than the standard time, then he is paid according to the time rate, i.e. time taken multiplied by the rate per hour.

Bonus =   $\frac{Saved Time x Time worked}{Standard Time}$ × Wage Rate

∴ Bonus = $\frac{(Time Taken x Time saved)}{Standard Time}$ × Wage Rate

= $\frac{2*8}{10}$ × 25

= 1.6 × 25

= 40

Total Earnings = Actual Wage Earned + Rowan Bonus Received

= (8 × 25) + 40

= 200 + 40

= Rs 240