Following particulars have been extracted from the books of Supreme Engineers Limited: (a) You are required to

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Following particulars have been extracted from the books of Supreme Engineers Limited:

(a) You are required to compute the quantum of wages under Halsey Scheme and Rowan Schemes. Which of these schemes would you like to introduce in this company if the time taken to complete the job is likely to reduce to 6 hours after three months?
(b) An alternative method of payment by result is by a straight piece work rate for completion of the job in 7 hours is feasible. Would you like to switch over to this method of payment given further that hourly rate would be reckoned at Rs. 1.50 for fixation of the piece rate? Please give reasons for your advice.

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Cost Accounting

ISBN: 9780070221628

4th Edition

Authors: Jawahar Lal, Seema Srivastava

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