Three workers Govind, Ram and Shyam respectively produced 80, 100 and 120 pieces of product X on
Question:
Three workers Govind, Ram and Shyam respectively produced 80, 100 and 120 pieces of product X on a particular day in May 2007 in a factory. The time allowed for 10 units of product X is 1 hour and their hourly rate is Rs. 4. Calculate for each of these three workers the following:
(i) Earnings for the day, and
(ii) Effective rate of earnings per hour under:
(a) Straight Piece Rate
(b) Halsey Premium Bonus (50% sharing) and
(c) Rowan Premium Bonus Method of Labour Remuneration
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A day has been assumed of 8 working hours Workers Govind Ram Shyam Workers 1 Govind Ra...View the full answer
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