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In: Accounting

1) A workman's wage for a guaranteed 44 week is Rs. 0.19 per hour. The week...

1) A workman's wage for a guaranteed 44 week is Rs. 0.19 per hour. The week time produce of

one article is 30 minutes and under incentive scheme the time allowed is increased by 20%.
During one week the workman manufactured 100 articles. Calculate his gross wages under
each of the following methods of remuneration:
a. Time rate b. Piece work with a guaranteed weekly wage c. Rowan premium bonus
d. Halsey premium bonus, 50% to workman

Solutions

Expert Solution

Below are the workings of wages calculated under various method:


ekkarill92 answered 2 years ago
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