In a manufacturing concern, the bonus to workers is paid on a slab rate based on cost savings towards labour and overheads. The following are the slab rates:
| up to 10% saving Don't use plagiarized sources. Get Your Custom Essay on in a manufacturing concern the bonus to workers is paid on a slab rate based on cost 618395 Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT! Just from $10/Page | 5% of earning |
| up to 15% saving | 9% of earning |
| up to 20% saving | 13% of earning |
| up to 30% saving | 21% of earning |
| up to 40% saving | 28% of earning |
| above 40% saving | 32% of earning |
The wages rate per hour of 4 workers – P, Q, R and S are, respectively, Re. 1; Rs. 1.10; Rs. 1.20; and Rs. 1.40. Overheads are recovered on direct wages at the rate of 200% standard cost under wages and overheads per unit of production is fixed at Rs. 30. The workers have completed one unit each in 8, 7, 5 ½ and 5 hours, respectively. Calculate in respect of each worker:
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