Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 5 a) Mention Two typical factors to be considered in wage determination b) State Two mechanisms of labour control c) Olu. Obi and Oko

image text in transcribed
Question 5 a) Mention Two typical factors to be considered in wage determination b) State Two mechanisms of labour control c) Olu. Obi and Oko are operative employed to work in the production of the same component for a basic hourly rate of N200 per hour. Their remuneration is based on day rate under the hasley bonus scheme. Their output for the month of November 2020 is as shown below: Total units produced Time taken Olu Obi Oko 9,000 units 9,000 units 9,000 units 50 hrs 76 hrs 65 hrs Given that the time allowed is 1 hour per 100 units. Calculate i. Time saved by each employee ii. Wage of each employee [12.5 marks) 7

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Longman Modular Texts In Business And Economics

Authors: Christopher Waterston, Anne Britton

2nd Edition

058238169X, 978-0582381698

More Books

Students also viewed these Accounting questions

Question

How do you talk about your complaining customers?

Answered: 1 week ago