Explain premium payment system

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A time study analyst observes a worker over a period of time and calculates that the worker required 30.0 minutes per unit produced. The worker was rated by the analyst at a 95 percent performance rating, and an 12 percent allowance for personal time and fatigue applies. (1) What is the standard time for this task? (2) If a worker managed to produce 20 units in an eight-hour day, what would their day's pay be if the base rate is $12 per hour, and the premium payment system paid on a 100 percent basis?

Reference no: EM132701675

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