From the following information you are required to fi x a high piece rate and calculate the
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From the following information you are required to fi x a high piece rate and calculate the earnings of X, Y and Z who complete the job within 12, 10 and 9 hours, respectively.
Standard time – 10 hours for a job Rate per hour – Re 1 Below 100% effi ciency – Time wage At 100% effi ciency –Time wage plus 10%
Above 100% effi ciency – Straight piece rate + 20%
What will be their effective hourly rate?
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