Solution-Explain two advantages that a manufacturing firm

Explain two advantages that a manufacturing firm

Reference no: EM131730130

QUESTION ONE

a) Explain TWO advantages that a manufacturing firm can get on compensating the workers on the basis of group bonus schemes

b) Give the considerations which should govern the method of assessing wages in an organization.

c) Mr. Loreno is involved in production of cosmetic soap in main factory. The time allowed to make a unit of a cosmetic soap is 6 hours. During the month of June, 2012 Mr. Loreno made 52 units within a time period of 250 hours. Mr. Loreno is compensated at an hourly rate of shs. 50. Calcualte the bonus payable to Mr. Lorena under.

(i) Halsey method (2 Marks) (ii) Halsey weir method (2 Marks) (iii) Rowan scheme (2 Marks) (iv) Rowan scheme (2 Marks) (v) Calculate total take home pay under each method (3 Marks) d) A factory issues a job to an employee A to produce 35 articles. It takes two standard hours to produce each article. Another job is given to employee B to produce 60 articles.

Reference no: EM131730130

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Explain two advantages that a manufacturing firm

Reference no: EM131730130

Reference no: EM131730130

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