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From the following particular, you are required to calculate gross earnings of a worker under : (a) Halsey premium scheme (50% sharing)and (b) Rowan premium scheme. Actual working hours : 48 Hourly wage rate :Rs.7.50 Piece rate : Rs.30 per unit Standard production Per hour : 3 units Actual output for the week :150 pieces?
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From the following particular, you are required to calculate gross ear...
**Calculation of Gross Earnings under Halsey Premium Scheme (50% sharing)**

Under the Halsey premium scheme, the worker is guaranteed a fixed time-based wage for the actual hours worked, regardless of the level of productivity. In this scheme, the worker is also entitled to a percentage (50% in this case) of the time saved due to increased productivity.

1. Calculation of Time Saved:
Standard time per unit = 1 hour/3 units = 1/3 hour per unit
Actual time taken per unit = Actual working hours/Actual output = 48 hours/150 pieces = 0.32 hours per unit
Time saved per unit = Standard time per unit - Actual time taken per unit = 1/3 - 0.32 = 0.01 hour per unit

2. Calculation of Wages:
Time-based wage = Hourly wage rate x Actual working hours = Rs. 7.50 x 48 = Rs. 360
Time saved bonus = Time saved per unit x Piece rate x Actual output = 0.01 x 30 x 150 = Rs. 45
Gross earnings under Halsey scheme = Time-based wage + 50% of Time saved bonus = 360 + (0.5 x 45) = Rs. 382.50

**Calculation of Gross Earnings under Rowan Premium Scheme**

Under the Rowan premium scheme, the worker is guaranteed a fixed time-based wage, but the bonus is calculated based on the ratio of actual output to standard output.

1. Calculation of Time Saved:
Standard time per unit = 1 hour/3 units = 1/3 hour per unit
Total standard time = Standard time per unit x Actual output = (1/3) x 150 = 50 hours
Time saved = Total standard time - Actual working hours = 50 - 48 = 2 hours

2. Calculation of Wages:
Time-based wage = Hourly wage rate x Actual working hours = Rs. 7.50 x 48 = Rs. 360
Bonus = Time saved/Total standard time x Time-based wage = 2/50 x 360 = Rs. 14.40
Gross earnings under Rowan scheme = Time-based wage + Bonus = 360 + 14.40 = Rs. 374.40

In summary, under the Halsey premium scheme, the worker's gross earnings would be Rs. 382.50, while under the Rowan premium scheme, the gross earnings would be Rs. 374.40. It is important to note that the Halsey scheme guarantees a higher level of earnings compared to the Rowan scheme, given the same level of productivity.
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From the following particular, you are required to calculate gross earnings of a worker under : (a) Halsey premium scheme (50% sharing)and (b) Rowan premium scheme. Actual working hours : 48 Hourly wage rate :Rs.7.50 Piece rate : Rs.30 per unit Standard production Per hour : 3 units Actual output for the week :150 pieces?
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