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Find how much is the wage of mr x

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Problem 1: A worker takes 13 hours to complete work on daily wages and 8 hours on a scheme of payment by results. The worker's day rate is $90 per hour. The cost of material of the product is $300 and the overheads are recovered at 200% of the total wages. The company has an incentive plan of giving bonus for the time saved in a certain job. Bonus is computed as time saved over time allowed to complete the job multiplied by the time taken by the worker multiplied by the rate per hour. Mr. X completed the job within 8 hours including a 30-minute idle time. How much is the wage of Mr. X?

Reference no: EM132688388

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