1. What will be the earnings of a worker at 60 paise per hour when he takes 100 hours to do a volume of work for which the standard time is 160 hours the plan of payment for bonus is on a sliding scale as under: Within the first 10% saving in the Standard time, the Bonus is: 40% of the Time Saved. Within the second 10% saving in the Standard Time, the bonus is: 50% of the Time Saved. Within the third 10% saving in the Standard Time, the bonus is: 60% of the Time Saved. Within the Fourth 10% saving in the Standard Time, the Bonus is: 70% of the Time Saved. For the rest of the time saved: 75% of the Time Saved. [Ans: Total earnings '79.44]

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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LTE 88
676374.pdf
Assignment -1
Start Date: 3.6.22
End date: 6.6.22
1. What will be the earnings of a worker at 60 paise per hour when he takes 100 hours to do a
volume of work for which the standard time is 160 hours the plan of payment for bonus is on a
sliding scale as under: Within the first 10% saving in the Standard time, the Bonus is: 40% of the
Time Saved. Within the second 10% saving in the Standard Time, the bonus is: 50% of the Time
Saved. Within the third 10% saving in the Standard Time, the bonus is: 60% of the Time Saved.
Within the Fourth 10% saving in the Standard Time, the Bonus is: 70% of the Time Saved. For the
rest of the time saved: 75% of the Time Saved. [Ans: Total earnings '79.44]
2. Using Taylor's differential piece rate system find out the earnings of X and Y from the following
particulars: Standard time per piece 20 minutes Normal rate per hour 90 paise In a 9
hour day: X produced - 25 units Y produced 30 units [Ans: X: 6.23; Y: '15.75]
3. In a factory bonus to workman is paid according to using the Rowan plan. Time allotted for a job
is 40 hours and the normal rate of wages is 1.25 per hour. The factory overhead charges are 50
paise per hour for the hours taken. The factory cost of a work order executed by a worker is
155.468. The cost of material is '100. Calculate the hours of time taken by the workman to
complete the work order. [Ans: actual Hr 25]
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Transcribed Image Text:8:41 PMⒸ ✓ LTE 88 676374.pdf Assignment -1 Start Date: 3.6.22 End date: 6.6.22 1. What will be the earnings of a worker at 60 paise per hour when he takes 100 hours to do a volume of work for which the standard time is 160 hours the plan of payment for bonus is on a sliding scale as under: Within the first 10% saving in the Standard time, the Bonus is: 40% of the Time Saved. Within the second 10% saving in the Standard Time, the bonus is: 50% of the Time Saved. Within the third 10% saving in the Standard Time, the bonus is: 60% of the Time Saved. Within the Fourth 10% saving in the Standard Time, the Bonus is: 70% of the Time Saved. For the rest of the time saved: 75% of the Time Saved. [Ans: Total earnings '79.44] 2. Using Taylor's differential piece rate system find out the earnings of X and Y from the following particulars: Standard time per piece 20 minutes Normal rate per hour 90 paise In a 9 hour day: X produced - 25 units Y produced 30 units [Ans: X: 6.23; Y: '15.75] 3. In a factory bonus to workman is paid according to using the Rowan plan. Time allotted for a job is 40 hours and the normal rate of wages is 1.25 per hour. The factory overhead charges are 50 paise per hour for the hours taken. The factory cost of a work order executed by a worker is 155.468. The cost of material is '100. Calculate the hours of time taken by the workman to complete the work order. [Ans: actual Hr 25] St.Botanica RETINOL Face Serum Ad SAVE 655! Flat 35% Off! FOR A YOUNGER LOOKING SKON St.Botanica 35% OFF UPTO eals Skin! ✔ Smoothens Wrinkles & lines! Shop now R
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