Answered step by step
Verified Expert Solution
Question
1 Approved Answer
illustration 9 In a factory, payment of wage bonus is made to the workmen based on percentage of time saved of time allowed in the
illustration 9 In a factory, payment of wage bonus is made to the workmen based on percentage of time saved of time allowed in the following scale: Time saved (% of standard) Bonus (% of time saved) Upto 20% 10% Above 20% upto 40% Plus 25% of time saved above 20% upto40% Above 40%. Plus 33 1/3% of time saved beyond 40% Calculate the earnings of a worker who completes a job in 57 hours, against a standard time of 100 hours. The normal wage rate is $5 per hour
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