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Calculate the total earnings of each worker

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Question - The standard hours of job X is 100 hours. The job has been completed by Amar in 60 hours, Akbar in 70 hours and Anthony in 95 hours.

The bonus system applicable to the job is as follows:-

Percentage of time saved to time allowed (Slab rate) Bonus

Saving upto 10% 10% of time saved

From 1 1% to 20% 15% of time saved

From 21% to 40% 20% of time saved

From 41% to 100% 25% of time saved

The rate of pay is Rs. 1 per hour.

Required - Calculate the total earnings of each worker and also the rate of earnings per hour.

Reference no: EM132576580

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