Reference no: EM133620284

Question

Calculate what each employee would earn under the individual incentive plans scenarios below. Remember that for Taylor and Merrick Plan systems, the higher rate is paid for ALL pieces produced, not just for pieces produced up to the standard. In a piece rate system in which the piece rate is $6 per piece: Employee A produces two pieces Employee B produces three pieces Employee C produces five pieces Standard time required for writing a job description is 20 hours, i.e., 1200 B's (Bedeaux Plan) in terms of whereas the worker has taken 16 hours to develop a job description. If the wage rate is $20 per hour and , calculate the total earning inclusive of bonus. In a Taylor Plan system in which the standard is five pieces/hour and rates are $1.50 per piece for standard production and $2/piece for production above the standard: Employee A produces six pieces/hour Employee B produces five pieces/hour Employee C produces nine pieces/hour In a Merrick Plan system in which the standard is nine pieces/hour and rates are $3.00/piece for the high rate, $2.00/piece for the medium rate, and $1.50/piece for the low rate: Employee A produces seven pieces/hour Employee B produces eight pieces/hour.