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A worker takes 6 hours to complete a job under a scheme of payment by results. Standard time allowed for the job is 9 hours.
A worker takes 6 hours to complete a job under a scheme of payment by results. Standard time allowed for the job is 9 hours. Wage rate is 1.50 per hour. Material cost for the Job is 16 and Factory overheads are recovered at 150% of total direct wages. Calculate factory cost of the job under (a) Rowan, and (6) Halsey schemes of incentive payments
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