Two fitters, a labourer and a boy undertake a job of piece for a rate of Rs. 1,290. The time spent by each of them is 220 ordinary working hours. The rates of pay on a time-rate basis are Rs. 1.50 per hour for each of the two fitters, Re. 1 per hour for the labourer and Re. 0.50 per hour for the boy.
Now calculate the following:
The amount of piece-work premium and the share of each worker, when the piece-work premium is divided proportionately to the wages paid.
The selling price of the above job on the basis of the following additional data:
Cost of direct material is Rs. 2,010, works overhead is at 20% of the prime cost. Selling overhead at 10% of the works cost and profit at 25% on the cost of sales.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
