Following data is available Standard production 1000 units Actual Production 850 units of worker A 1...........

Costing - Phase (I & II) Methods of Costing

Following data is available:

Standard production: 1000 units

Actual Production: 850 units of worker A , 1000 of worker B and 1100 units of worker C

Standard rate per piece: 0.50/-

The wages of the workers according to Gant’s Task and Bonus System will be:

550; 600;650

580; 650;660

500; 600;660

None of the above

The performance and efficiency of worker A is 85%, so he will be given guaranteed monthly wages i.e. 1000 x 0.50= 500/-

The performance and efficiency of worker B is 100%, so he will be given 1000 x 0.50= 500/- + 20% bonus= 600/-

The performance and efficiency of worker C is 110%, so he will be given 1100 x 0.50= 550/- + 20% bonus= 660/-

Submit Error