Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following data relate to work in the finishing department of a certain factory.Normal working day 8 hoursBasic rate of pay per hour Ksh .

The following data relate to work in the finishing department of a certain factory.Normal working day 8 hoursBasic rate of pay per hour
Ksh.10Standard time allowed to produce 1 unit 5 minutesPremium bonus payable at the basic rate 50% of time savedOn a particular day one employee finishes 2400 units. What is his gross pay for the day?
a. Ksh.146
b. Ksh.80
c. Ksh.140
d. Ksh.60
image text in transcribed

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

Money Banking And Financial Markets

Authors: Lloyd B. Thomas

1st International Edition

0070644365, 9780070644366

More Books

Students also viewed these Finance questions

Question

Define return and risk. Discuss the trade-off between them.

Answered: 1 week ago