Question 81 of 81
Q.
From the following information given below calculate the earning of each employee under (a) Halsey premium bonus plan (b) Rowan premium bonus plan :
| Particulars | Employee A | Employee B |
|---|---|---|
| Time allowed Hours per 100 units | 35 hours | 40 hours |
| Wage per unit | Rs. 2 | Rs. 3 |
| Hourly rate | Rs. 7 | Rs. 8 |
| Actual time taken | 50 hours | 48 hours |
| Actual units produced | 200 | 150 |
ChseodishaCHSE Odisha Plus Two (Class 12) Commerce Board 2024Subjective· 8mImportance★★★★★est
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Start your 14-day free trial to unlock the full solution →Using time allowed from output, time saved and the hourly rate: A earns ₹420 (Halsey) / ₹450 (Rowan); B earns ₹432 (Halsey) / ₹460.80 (Rowan).
Formulae:
- Time allowed = (Time allowed per 100 units ÷ 100) × Actual units produced.
- Time saved = Time allowed − Time taken.
- Basic time wage = Time taken × Hourly rate.
- Halsey bonus = 50% × Time saved × Hourly rate; Halsey earnings = Basic wage + Halsey bonus.
- Rowan bonus = (Time saved ÷ Time allowed) × Time taken × Hourly rate; Rowan earnings = Basic wage + Rowan bonus.
(The wages are based on the guaranteed hourly time rate; the "wage per unit" figure is the piece-basis alternative and is not used in the Halsey/Rowan time-bonus computation.)
Step 1 — Time allowed and time saved:
| Particulars | Employee A | Employee B |
|---|---|---|
| Time allowed per 100 units (hrs) | 35 | 40 |
| Actual units produced | 200 | 150 |
| Time allowed = (hrs/100) × units | 35 × 200/100 = 70 | 40 × 150/100 = 60 |
| Actual time taken (hrs) | 50 | 48 |
| Time saved (hrs) | 20 | 12 |
| Hourly rate (₹) | 7 | 8 |
| Basic time wage = taken × rate (₹) | 50 × 7 = 350 | 48 × 8 = 384 |
Step 2 — (a) Halsey premium bonus plan:
| Particulars | Employee A (₹) | Employee B (₹) |
|---|---|---|
| Basic time wage | 350 | 384 |
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