Question
Question 3: Calculation of Earnings of workers: In a manufacturing concern the daily wage rate is Rs. 2.50. The standard output in a 6 day
Question 3: Calculation of Earnings of workers:
In a manufacturing concern the daily wage rate is Rs. 2.50. The standard output in a 6 day week is 200 units representing 100% efficiency. The daily wage rate is paid without bonus to those workers who show up to 66 2/3% of the efficiency standard. Beyond this there is a bonus payable on a graded scale as below:-
82% efficiency - 5% bonus
90% Efficiency - 9% bonus
100% efficiency - 20% bonus
Further increase of 1% for every 1% further rise in efficiency. In a 6 day week A produced 180 units; B 164 units; C 200 units; D 208 units and E 130 units.
Calculate the earnings of these workers.
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