Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Based on the data below you are required to calculate the remuneration of each employee as determined by each of the following methods Hourly rate
Based on the data below you are required to calculate the remuneration of each employee as determined by each of the following methods
Hourly rate
Basic piece rate
Individual bonus scheme where the employee receives the bonus in proportion of the time saved to time allowed
Name of employee | Salmon | Roala | Pike |
Units produced | 270 | 200 | 220 |
Time allowed in minutes per unit | 10 | 15 | 12 |
Time taken (hours) | 40 | 38 | 36 |
Rate per hour (Kshs) | 125 | 105 | 120 |
Rater per unit (Kshs) | 20 | 25 | 24 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started