Cakalte the eamings of worker Stakti, Ran and Papal aner Svaige Pee ARer Pags er ( Merrk minple Pace N Reer Pag ar shy Tayler's fertal Piece Rate ya Rer Pap1 for heory Nmal Rae per h Na. S4. Snled Time Per Lit I Mie Woking Hs per 600 Lais.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Cakalte the eamings of worker Stakti, Ran and Papal aner
Svaige Pee ARer Pags er
( Merrk minple Pace N Reer Pag ar shy
Tayler's fertal Piece Rate ya Rer Pap1 for heory
Nmal Rae per h Na. S4. Snled Time Per Lit I Mie Woking Hs per
600 Lais.
Transcribed Image Text:Cakalte the eamings of worker Stakti, Ran and Papal aner Svaige Pee ARer Pags er ( Merrk minple Pace N Reer Pag ar shy Tayler's fertal Piece Rate ya Rer Pap1 for heory Nmal Rae per h Na. S4. Snled Time Per Lit I Mie Woking Hs per 600 Lais.
Expert Solution
Straight Piece Rate

Straight piece rate wages = no. of units * rate per unit

Here, rate per hour = 5.40 (Nu)( 5.40 for 60 min)

Time per unit = 1 min 

Rate per unit = 5.40/60 = 0.09 (Nu)

Earnings of Shakti = 390 * 0.09 = 35.1 Nu

Earnings of Ram = 450 * 0.09 = 40.5 Nu

Earnings of Pugal = 600 * 0.09 = 54 Nu

Merrick multiple piece rate system

Under Merrick's multiple piece rate system, workers are paid on the basis of their efficiency. If they are working more efficiently then bonuses also paid to them along normal wages.

In this case, efficiency level is not given so wages are paid on the basis of piece rate system.

Straight piece rate wages = no. of units * rate per unit

Here, rate per hour = 5.40 (Nu)( 5.40 for 60 min)

Time per unit = 1 min 

Rate per unit = 5.40/60 = 0.09 (Nu)

Earnings of Shakti = 390 * 0.09 = 35.1 Nu

Earnings of Ram = 450 * 0.09 = 40.5 Nu

Earnings of Pugal = 600 * 0.09 = 54 Nu

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