Question:
From the following information, calculate the earnings of the following workers under emerson's Efficiency Bonus plan.
Standard time for 100 units produced = 10 hours
Standard rate per hour = Rs
Actual hours worked by the workers for producing 100 units:
|
Workers
|
A
|
B
|
C
|
D
|
E
|
F
|
G
|
|
Actual Hrs
|
25
|
20
|
15
|
12.5
|
10
|
8.33
|
7.67
|
Bonus rates applicable for variant efficiency level are as follows:
Level of Efficiency Percent of Bonus
1. 67% to 75% 1%
2.76% to 85% 4%
3. 86 to 95% 10%
4. 96% to 100% 20%
If standard time for 100 units produced is 10 hrs, standard rate per hour =3, time taken to produce varies then what will be the total earnings along with bonus for every worker?