Question:-
Given that E= Earnings, R= Rate per hour, T= worked in hours, S = Standard time on the basis of date in hours. Rowan wage incentive plan is:
Option (A)
E=RT + {(S-T)/S}
Option (B)
E = RT + S(S-T)R
Option(C)
E = RT + 0.4(S-T)R
Option(D)
E = RT + {(S-T)/S}RT
Correct Option:
(D)
Question Solution:
In Rowan plan wage of a worker is given by:
E = RT + ((S-T)/S)RT
question-answer-faq-3313