Management accounting Question please answer fully

The following information relates to Agric. Cc manufacturing, a business that is considering the introduction of a piece-work incentive scheme in one of its departments. The company employed 6 employees. Current Payroll: Basic working week is 38 hours Over-time premium 20% of normal pay grade. Normal grade A pay rate is N$ 22 per hour Normal grade B pay rate is N$ 18 per hour Employee Normal Hours Normal Pay Normal Units orkedmai Grade 41 170 170 150 150 160 180 Piecework Incentive Scheme Under the proposed incentive scheme, the standard time allowance would be 20 minutes per unit. The piecework rate would be based on grade A labour rates, with a standard piecework enhancement of 6%. Al employees would receive the same piecework rate. REQUIRED 3.1 Outline the purposes of an incentive scheme 3.2 current MARKS the normal pay due to each employee based on the Calculate the standard piecework rate on the basis of the alculate the normal pay due to each employee under the terms 6 incentive scheme. 5 Marks TOTAL MARKS FOR QUESTION 3 25 Page 12 of 14 The following information relates to Agric. Cc manufacturing, a business that is considering the introduction of a piece-work incentive scheme in one of its departments. The company employed 6 employees. Current Payroll: Basic working week is 38 hours Over-time premium 20% of normal pay grade. Normal grade A pay rate is N$ 22 per hour Normal grade B pay rate is N$ 18 per hour Employee Normal Hours Normal Pay Normal Units orkedmai Grade 41 170 170 150 150 160 180 Piecework Incentive Scheme Under the proposed incentive scheme, the standard time allowance would be 20 minutes per unit. The piecework rate would be based on grade A labour rates, with a standard piecework enhancement of 6%. Al employees would receive the same piecework rate. REQUIRED 3.1 Outline the purposes of an incentive scheme 3.2 current MARKS the normal pay due to each employee based on the Calculate the standard piecework rate on the basis of the alculate the normal pay due to each employee under the terms 6 incentive scheme. 5 Marks TOTAL MARKS FOR QUESTION 3 25 Page 12 of 14