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During the 1 week of April 2017 a worker Mr. Kalyan manufactured 30 articles. He received wage for guaranteed 48 hours week at Rs. 4 per hour. The estimated time to produce one article in 10 Min. and under incentive scheme thi time allowed is increased by 20%. Calculate his gross wages according to a) Piece work with guaranteed wages b) Hallsay Premium Bonus at 50% to workmen C) Rowan Premium Bonus

During the 1 week of April 2017 a worker Mr. Kalyan manufactured 30 articles. He received wage for guaranteed 48 hours week at Rs. 4 per hour. The estimated time to produce one article in 10 Min. and under incentive scheme thi time allowed is increased by 20%. Calculate his gross wages according to a) Piece work with guaranteed wages b) Hallsay Premium Bonus at 50% to workmen C) Rowan Premium Bonus

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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During the 1 week of April 2017 a worker Mr. Kalyan manufactured 300 articles. He received wage for guaranteed 48 hours week at Rs. 4 per hour. The estimated time to produce one article in 10 Min. and under incentive scheme the time allowed is increased by 20%. Calculate his gross wages according to a) Piece work with guaranteed wages b) Hallsay Premium Bonus at 50% to workmen c) Rowan Premium Bonus
Transcribed Image Text:During the 1 week of April 2017 a worker Mr. Kalyan manufactured 300 articles. He received wage for guaranteed 48 hours week at Rs. 4 per hour. The estimated time to produce one article in 10 Min. and under incentive scheme the time allowed is increased by 20%. Calculate his gross wages according to a) Piece work with guaranteed wages b) Hallsay Premium Bonus at 50% to workmen c) Rowan Premium Bonus
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