The company ABC S.A. employs three employees (A, B, C). The daily working time is 8 hours, while the standard production during the 8-hour period has been set at 50 product units. The hourly wage is estimated at 5€ and the fixed daily fee is 40€. Each worker shall produce the following product units per day: Worker A: 40 units, Worker B : 60 units, Worker C : 70 units Determine the total daily remuneration for each of the three employees, if the company applies: the Rowan subsidised fee system. the Hasley subsidised fee system.
The company ABC S.A. employs three employees (A, B, C). The daily working time is 8 hours, while the standard production during the 8-hour period has been set at 50 product units. The hourly wage is estimated at 5€ and the fixed daily fee is 40€. Each worker shall produce the following product units per day: Worker A: 40 units, Worker B : 60 units, Worker C : 70 units Determine the total daily remuneration for each of the three employees, if the company applies: the Rowan subsidised fee system. the Hasley subsidised fee system.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The company ABC S.A. employs three employees (A, B, C). The daily working time is 8 hours, while the standard production during the 8-hour period has been set at 50 product units. The hourly wage is estimated at 5€ and the fixed daily fee is 40€. Each worker shall produce the following product units per day:
- Worker A: 40 units,
- Worker B : 60 units,
- Worker C : 70 units
Determine the total daily remuneration for each of the three employees, if the company applies:
- the Rowan subsidised fee system.
- the Hasley subsidised fee system.
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