Q 2: In an engineering factory, wages are paid on a weekly basis (48 hours per week) at a guaranteed hourly rate of Rs 8.00.
Q 2: In an engineering factory, wages are paid on a weekly basis (48 hours per week) at a guaranteed hourly rate of Rs 8.00. A study revealed that the time required to manufacture a product is 15 minutes. However, a contingency allowance of 20% is to be added to this for normal idle time, setting up time, etc. During the first week of June 2020, Babar produced 200 pieces. Compute X's wages for the particular week using the following methods of wage payment: 1) Halsey's premium plan which offers 50% of time saved as bonus. 2) Rowan's premium plan under which the proportion between time saved and time allowed is applied to regular wages for hours worked to compute the premium.
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