A, B and C in a particular day had produced 200, 250 and 300 pieces, respectively, of
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A, B and C in a particular day had produced 200, 250 and 300 pieces, respectively, of a product “p”. The time allowed for production of 25 units of “p” is 1 hour and the hourly rate of wage payment is Rs. 8. Calculate for each of these workers the following under Halsey premium bonus (50% sharing) and Rowan premium bonus methods of labour remuneration:
(a) Earnings for the day (8 hours a day)
(b) Effective rate of earnings per hour?
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