59. XYZ Ltd employs workers for a single shift of 8 hours for 25 days in...

 

Transcribed Image Text:

59. XYZ Ltd employs workers for a single shift of 8 hours for 25 days in a month. The company has recently fixed the standard output for a mass production item and introduced an incentive scheme to boost the out- put. Details of wages payable to the workers are as follows: ) Basic wages/piece-work wages @ Rs. 2 per unit sub- ject to a guaranteed minimum wages of Rs. 60 per day. (ii) DA at Rs. 40 per day. (iii) Incentive bonus: Standard output per day per worker: 40 units Incentives bonus up to 80% efficiency: Nil Incentives bonus for efficiency above 80%: Rs.50 for every 1% increase above 80% The details of performance of four workers for the month are as follows: Worker No. of Days Worked 25 Output (Units) A 820 18 500 25 910 D 24 780 Calculate the total eamings of each of the workers 59. XYZ Ltd employs workers for a single shift of 8 hours for 25 days in a month. The company has recently fixed the standard output for a mass production item and introduced an incentive scheme to boost the out- put. Details of wages payable to the workers are as follows: ) Basic wages/piece-work wages @ Rs. 2 per unit sub- ject to a guaranteed minimum wages of Rs. 60 per day. (ii) DA at Rs. 40 per day. (iii) Incentive bonus: Standard output per day per worker: 40 units Incentives bonus up to 80% efficiency: Nil Incentives bonus for efficiency above 80%: Rs.50 for every 1% increase above 80% The details of performance of four workers for the month are as follows: Worker No. of Days Worked 25 Output (Units) A 820 18 500 25 910 D 24 780 Calculate the total eamings of each of the workers

Answer rating: 100% (QA)

The a... View the full answer