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How much is the wage of mr canon

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Reference no: EM132804769

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. Canon completed the job within 8 hours including a 30-minute idle time. How much is the wage of Mr. Canon?

Reference no: EM132804769

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