Calculate the earnings of a worker under the following methods: Time-rate method Piece-rate method Halsey plan Rowan
Question:
Calculate the earnings of a worker under the following methods:
Transcribed Image Text:
Time-rate method Piece-rate method Halsey plan Rowan plan Information given: Standard time 30 hours Time taken 20 hours Hourly rate of wages Re 1. per hour + a DA @ 50 paise per hour worked.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Bhartendu Goyal
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions. I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life. I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge. I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields. Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a tea...
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
A startup company Wiivv makes custom, 3D-printed insoles for shoes. Wiivv decided to price its product using the penetration strategy. Instead of charging $175 like other custom insoles, it started...
-
Using the following data , calculate the earnings of a worker under Halsey and Rowan plans Time allowed 50 hours Time taken 40 hours Rate per hour Rs . 10 ( Ans: Halsey Rs.450 Rowan Rs.480 )
-
1 What are the main components of personal financial planning? Solve What is the purpose of a financial plan? Solve Identify some common actions taken to achieve financial goals. How does a job...
-
1.The purpose of using a balanced scorecard is for: Multiple Choice A.companies to make sure their business activities align with strategy. B.companies to compare themselves with their competitors....
-
A steady flow of 0.01 kmol/s of 50% carbon dioxide and 50% water at 1200K and 200 kPa is used in a heat exchanger where 300 kW is extracted from the flow. Find the flow exit temperature and the rate...
-
Hypothetical Question with Sample Answer Janine was hospitalized with severe abdominal pain and placed in an intensive care unit. Her doctor told the hospital personnel to order around-the-clock...
-
2. Should the team consider the proposal from Asia General Contractors? Why or why not?
-
Gordon & Moore, CPAs, were the auditors of Fox & Company, a brokerage firm. Gordon & Moore examined and reported on the financial statements of Fox, which were filed with the Securities and Exchange...
-
A project has annual cash flows of $3,500 for the next 10 years and then $10,000 each year for the following 10 years. The IRR of this 20-year project is 12.71%. If the firm's WACC is 11%, what is...
-
From the following particulars, work out the earnings for the week of a worker under (a) Straight piece rate (b) Differential piece rate (c) Halsey premium system (d) Rowan system Number of working...
-
For a certain work order, the standard time is 20 hours. The actual time taken is 13 hours. Wages per hour is Rs. 5 and the factory overheads are 80% of standard time. Set out a comparative statement...
-
Ortman Enterprises sells a chemical used in various manufacturing processes. On January 1, 2011, Ortman had 5,000,000 gallons on hand, for which it had paid $0.50 per gallon. During 2011, Ortman made...
-
Q. Probabilities of three teams A, B and C of winning the first prize of a business case competition are 3/9, 2/9, 3/9 respectively. These three teams are equally likely to win the prize. True False...
-
Univex is a calendar year, accrual basis retail business. Univex hold less than 20% of IBM stock. Its financial statements provide the following information for the year: Revenues from sales of goods...
-
Consider the unadjusted trial balance of Fabuloso, Inc. at December 31, 2023, and the related month-end adjustment data. (Click the icon to view the month-end adjustment data.) Requirements 1....
-
5.3 BEP Example Bill Braddock is considering opening a Fast 'n Clean Car Service Center. He estimates that the following costs will be incurred during his first year of operations: Rent $9,200,...
-
The following is the text for an opinion on internal control for W Company, an issuer. Some words or phrases have been replaced with numbers (e.g., [1], [2], etc.). Select from the option list...
-
Kim Ries, Tere Bax, and Josh Thomas invested $40,000, $56,000, and $64,000, respectively, in a partnership. During its first calendar year, the firm earned $124,500. Required Prepare the entry to...
-
Why are stocks usually more risky than bonds?
-
On NSE (Indian stock exchange), shares of ICICI Bank trade for 935 rupees. If the spot exchange rate is USD 0.012, what is the no-arbitrage USD price of ICICI Bank ADR? Assume that transactions costs...
-
Income Statement Balance Sheet Balance Sheet Additional Financial Information 1. Market price of Ranfield's common stock: $90.44 at December 31, 2024, and $58.35 at December 31, 2023. 2. Common...
-
There is a credit rating agency for businesses that gives out various amounts of information based on the subscription level. This company is called a. Business Credit Scoring b. Fair Issue c. Dun...
Study smarter with the SolutionInn App