A company has set 5 units per hour as the standard output, each unit having a piece

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A company has set 5 units per hour as the standard output, each unit having a piece rate of Rs. 3. In a normal day of 8 hours, X produces 35 units and Y produces 50 units. The usual hourly rate applicable to all workers is Rs. 15. Find out the earnings of X and Y:

(a) If only time-rate system is used

(b) If only piece-rate system is used

(c) If piece rate with guaranteed time rate is applied.

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Cost Accounting

ISBN: 9788131732076

1st Edition

Authors: V. Rajasekaran, R. Lalitha

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