Question

standard time for a job is 8 hours and actual time taken is 6 hours what is the total wages payable under Halsey plan is wage rate is RS 10 per hour?​

Answer 1

Answer:

70

Explanation:

wages under halsey plan.

=hours worked×wage rate (Normal wages)+hours saved×1/2×wage rate (Bonus)

=6×10+2×1/2×10

=70

Answer 2

Given:

• The standard time for a job is $8$ hours.
• Actual time taken for the job is $6$ hours.
• Amount paid at the job is Rs $10$ per hour.

To find:

• The total wages payable under Halsey plan.

Step by step explanation:

• According to Halsey plan the standard time for a job is fixed and rate per hour is also fixed.
• If the worker takes more time to complete the job than the standard time then his wages will be paid according to the time rate that is wage rate multiplied with hours worked.
• If the worker completes the job in less than standard time then he gets the actual wage rate for his working hours and a bonus of $30-70$% for his extra time.
• Usually workers are paid $50$% bonus rate.
• So, we know that the standard time for the job is $8$ hours but the actual time taken for the job is $6$ hours then the total wages can be calculated by,

        $Total wages=(hours worked)(wagerate)+(hours saved)(\frac{1}{2}wagerate)$

• Substituting the values in the above equation we get,

        $Total wages = (6)(10)+2(\frac{1}{2}(10))$

• By Solving the above equation we get,

        $Totalwages=70rs$

Final answer:

• The total wages payable under Halsey plan is $70rs$.