Answer to Question #241886 in Accounting for pedri

Question

1.Kamau completed a job in 45 hours for which 60 hours were allowed. His wage rate per hour is shs 16.

Calculate kamau’s total wage according to :-

a) Halsey scheme                   (2 marks)

b) Halsey-Weir scheme         ( 2 marks)

c) Rowan scheme                   ( 2 marks)

Answer 1

Solution:

a.). Halsey scheme:

Formula = Hours worked $\times$ Rate per hour + (50$\% \times$ time saved $\times$ rate per hour)

= 45 $\times$ 16 + ((50$\% \times$ (60 – 45) $\times$16) = 720 + 120 = shs.840

 

b.). Halsey-Weir scheme:

Formula = Formula = Hours worked $\times$ Rate per hour + ($33\frac{1}{3}$$\% \times$ time saved $\times$ rate per hour)

= 45 $\times$16 + (($33\frac{1}{3}$$\% \times$ (60 – 45) $\times$16) = 720 + 79.99 = shs.799.99

 

c.). Rowan scheme:

Formula = Hours worked $\times$ Rate per hour + ($\frac{Time\; taken}{Time \;allowed}$ $\times$ time saved $\times$ rate per hrs)

= 45 $\times$16 + ($\frac{45}{60}$ $\times$15 $\times$16) = 720 + 180 = shs.900