1.1 Calculate the daily remuneration of W. Rooney using Taylor’s differential piecework system from the information provided. INFORMATION The following information relates to W. Rooney, an employee of Manchester Enterprises: 1. W. Rooney’s standard workday is 9 hours. His standard production time is 55 units per hour. 2. His normal wage rate is R73 per hour. He is remunerated in terms of Taylor’s differential piecework system whereby the following premium applies: 3. 80% of piecework rate if below standard 4. 120% of piecework rate if standard or above standard 5. W. Rooney’s production is 300 units per day.
1.1 Calculate the daily remuneration of W. Rooney using Taylor’s differential piecework system from the information provided. INFORMATION The following information relates to W. Rooney, an employee of Manchester Enterprises: 1. W. Rooney’s standard workday is 9 hours. His standard production time is 55 units per hour. 2. His normal wage rate is R73 per hour. He is remunerated in terms of Taylor’s differential piecework system whereby the following premium applies: 3. 80% of piecework rate if below standard 4. 120% of piecework rate if standard or above standard 5. W. Rooney’s production is 300 units per day.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1.1 Calculate the daily remuneration of W. Rooney using Taylor’s differential piecework system from the information provided.
INFORMATION
The following information relates to W. Rooney, an employee of Manchester Enterprises:
1. W. Rooney’s standard workday is 9 hours. His standard production time is 55 units per hour.
2. His normal wage rate is R73 per hour. He is remunerated in terms of Taylor’s differential piecework system whereby
the following premium applies:
3. 80% of piecework rate if below standard
4. 120% of piecework rate if standard or above standard
5. W. Rooney’s production is 300 units per day.
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