1.4 Calculate the earnings of G. Henry using the straight piecework incentive scheme from the information provided below.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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1.4 Calculate the earnings of G.
Henry using the straight
piecework incentive scheme
from the information provided
below.
INFORMATION
G. Henry is employed by Royal Manufacturers and is paid R250 per hour. His normal working day is 9 hours. The
standard time to produce a product is 5 minutes. If G. Henry produces more than his quota, he receives 1½ times
the hourly rate on the additional output. G. Henry produced 132 units for the day.
Transcribed Image Text:1.4 Calculate the earnings of G. Henry using the straight piecework incentive scheme from the information provided below. INFORMATION G. Henry is employed by Royal Manufacturers and is paid R250 per hour. His normal working day is 9 hours. The standard time to produce a product is 5 minutes. If G. Henry produces more than his quota, he receives 1½ times the hourly rate on the additional output. G. Henry produced 132 units for the day.
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