Question: For a certain work order the standard time is 20 hours, wages 5 per hour, the actual time taken is 13 hours and factory overhead

For a certain work order the standard time is 20 hours,

For a certain work order the standard time is 20 hours, wages 5 per hour, the actual time taken is 13 hours and factory overhead charge is 80% of direct wages for standard time. Set out a comparative statement showing the effect of paying wages on (i). the Halsey, and (ii) the Rowan Incentive Bonus systems and also show the savings of employer under both systems

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