In a factory, guaranteed wages at the rate of Rs. 2.40 per hour are paid in a
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In a factory, guaranteed wages at the rate of Rs. 2.40 per hour are paid in a 48-hour week. By time and motion study, it is estimated that to manufacture one unit of a particular product 40 minutes are taken. The time allowed is increased by 25%. During one week, a worker produced 240 units of a product. Calculate his wages under each of the following methods:
(i) Time rate.
(ii) Piece rate with guaranteed weekly wage.
(iii) Halsey Premium Bonus.
(iv) Rowan Premium Bonus.
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