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Mr. Khalid has started a paper manufacturing industry in Ruwi, Muscat. To run his industry he has appointed few employees. The wage system established a

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Mr. Khalid has started a paper manufacturing industry in Ruwi, Muscat. To run his industry he has appointed few employees. The wage system established a fair and equitable remuneration to all employeesuf Mr Khalid follows a sound wage system, it helps him to attract qualified and efficient employee.it sits to improve the motivation and morale of employees which in turn lead to higher productivity. He follows various methods for payment of remuneration and also introduced a group incentive plans to encourage the employees for the entire workforce of the Organization Employees remuneration influences vitally the growth and profitability of the institute for employees, remuneration is more than a means of satisfying their physical needs. As owner of the industry Mr. Khalid takes care of Payroll department and ask his employees to submit attendance report to caulate the monthly pay He has feed various rates based on time rate system and piece wage system and also fixed the difference in pay based upon the difference in job requirements Mr. Khalid also evaluates the efficiency of a worker in performing the job. As an Cost accounting student you are required to calculate and find the right answer for the following questions Under which system,bonus is determined as the proportion of the time taken which the time saved bears to the standard time allowed? O a Halsey well Scheme O b. Halsey Premium Plan O Accelerating Premium Blonus plan d. Howan plan In a Paper manufacturing company different workers undertaking different job. Which one of the following job cannot be cassified as indirect to O a Machine operator O b. Store Keeper Watchman O d. Supervisor If a worker Mr.Sami who is a machine operator in Paper Manufacturing industry, takes 30 minutes of break during his working hours for lunch His breaktime is recorded as O a Abnormal Idle time b. Overtime O c Normal time d. Normal Idle time

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