The total wages payable is calculated under Halsey plan and HalseyWeir plan by using the formula as

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The total wages payable is calculated under Halsey plan and Halsey–Weir plan by using the formula as follows:

= (Hourly rate × Time taken) + (— … × Time saved × hourly rate).

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Cost Accounting

ISBN: 9788131732076

1st Edition

Authors: V. Rajasekaran, R. Lalitha

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