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In a manufacturing unit, a multiple piece rate plan is operated as under: (i) Basic piece rate up to 85%

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In a manufacturing unit, a multiple piece rate plan is operated as under:
(i) Basic piece rate up to 85% efficiency;
(ii) 115% basic piece rate between 90% and 100% efficiency;
(iii) 125% basic piece rate above 100% efficiency.

The workers are eligible for a “Guaranteed Day Rate” which is equal to 75% efficiency and the piece rate is Rs. 2.00 per piece.

Compute the labour cost per piece at 5% intervals between 65% and 125% efficiency, assuming that at 100% efficiency 60 pieces are produced per day.

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Related Book For  answer-question
Cost Accounting

Cost Accounting

ISBN: 9780070221628

4th Edition

Authors: Jawahar Lal, Seema Srivastava

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Question Details
Chapter # 5- LABOUR COSTS ACCOUNTING AND CONTROL
Section: Question
Problem: 8
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Question Posted: August 30, 2023 13:14:37
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