A worker is allowed 60 hours to complete the job and worker took 50 hours to complete the same on a ...........

Costing - Phase (I & II) Basics of Cost Control and Analysis

A worker is allowed 60 hours to complete the job and worker took 50 hours to complete the same on a guaranteed wage rate of Rs. 10 per hour.

How much he will get under the Rowan Plan?

Rs. 720

Rs. 550

Rs. 583.33

Rs. 900

According to Rowan,

wages = Actual time taken x Standard rate of wages per hour

(+)

Bonus = (Standard time (-) Actual Time)/ Standard Time x Actual time taken x Standard rate of wages per hour

In given problem total wages including bonus will be= 583.33

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