A company is undecided as to what kind of wage scheme should be introduced. The following particulars have been compiled in respect of three systems, which are under consideration of the management.

Minutes
For the purpose of piece rate, each minute is valued at Re. 0.10

You are required to calculate the wages of each worker under:

(i) Guaranteed hourly rates basis.
(ii) Piece work earnings basis, but guaranteed at 75% of basis pay (guaranteed hourly rate) if his earnings are less than 50% of basic pay.
(iii) Premium bonus basis where the worker receives bonus based on Rowan scheme.

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Actual hours worked in a week Hourly rate of wages Production in units Production P Product Q Product R Standard time allowed per unit of each product is: 38 Rs. 6 21 36 46 P 12 Workers 40 Rs. 5 25 Q 18 34 Rs. 7.20 60 135 R 30