Introduction to The hour-to hour or 100% bonus plan
Within this plan, 100% of the time saved is paid to worker like bonus. It is dissimilar form piece-rate system since here the standard time per unit of output is fixed than a standard rate per unit of output. The calculating the earnings' formula can be displayed as follows:
Total Earnings = Time taken × Hourly Rate + Time Saved × Hourly Rate
Example
Standard time per piece = 1 hour
No. of pieces completed = 10
Actual time taken = 6 hours
Hourly Rate = Rs. 2 per hour
Earnings = 6 × Rs. 2 + (10 - 6) × Rs. 2
= Rs. 12 + Rs. 8 = Rs. 20.
If a worker done only 5 pieces then also he shall obtain the wages for 6 hours of work at the rate of Rs. 2 per hour. So, actually, it is a piece work system combined along with a minimum wage at the time-rate system. The total pay is precisely similar as under piece-rate system if the worker achieves the standard speed that is he begins completing one piece in one hour.
The system is considered most appropriate from the point of view of justice and equity. From the costing opinion, the unit cost shall be constant, once the standard speed is achieved through a worker. The system is different from Halsey plan because here bonus is paid at 100% of time saved in its place of 50% (or 30% Halsey-Weir Plan) of time saved within Halsey plan.
Latest technology based Cost Accounting Online Tutoring Assistance
Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Hour to Hour or 100% Bonus Plan homework help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Hour to Hour or 100% Bonus Plan, project ideas and tutorials. We provide email based Hour to Hour or 100% Bonus Plan homework help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Hour to Hour or 100% Bonus Plan. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Cost Accounting homework help and assignment help services. They use their experience, as they have solved thousands of the cost accounting assignments, which may help you to solve your complex issues of Hour to Hour or 100% Bonus Plan. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.
We pledge impeccable Medieval Music Assignment Help service at affordable prices to enhance your academic grades.
tutorsglobe.com myxoedema assignment help-homework help by online thyroid gland and thyroxine tutors
tutorsglobe.com root system assignment help-homework help by online root-stem and leaf tutors
TutorsGlobe.com Chemical Kinetic-Collision Theory-Activation Energy Assignment Help-Homework Help by Online Access Chemistry Tutors
tutorsglobe.com linux assignment help-homework help by online computer programming tutors
tutorsglobe.com defects of the ear assignment help-homework help by online ear tutors
tutorsglobe.com rice-oryza sativa assignment help-homework help by online crop diseases and their control tutors
www.tutorsglobe.com offers Cost of Defective Work homework help, assignment help, case study, writing homework help, online tutoring assistance by accounting tutors.
tutorsglobe.com database management system assignment help-homework help by online computer programming tutors
tutorsglobe.com hypoglycemia assignment help-homework help by online insulin tutors
Algae tutorial all along with the key concepts of Algal Morphology, Various Forms of Algae, Distinctive Forms of Algae, Classification of Algae, Spirogyra, External Features of Spirogyra, Soil and Sub aerial Algae
tutorsglobe.com significance of financial management assignment help-homework help by online financial management tutors
tutorsglobe.com entomophily assignment help-homework help by online agents of pollination tutors
Financial Econometrics Assignment Help is a better option to grab higher academic grades with 24x7 support of professional tutors.
global weather and climatic patterns tutorial all along with the key concepts of components of the earth, energy cycle, terrestrial atmosphere, weather and landform, greenhouse effect, ozone layer depletion, environmental management, environmental modeling, environmental cost-benefit analysis
1961937
Questions Asked
3689
Tutors
1446361
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!