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According to the technique of Scientific management "Differential Piece Wage system" How much more will a worker making 60 units earn as compared to a worker making 49 units? If the standard output per day is 50 units and those who make standard output or more than standard get Rs. 75 per unit and those below get Rs. 65 per unit. (a) Rs. 4500 (b) Rs. 3185 (c) Rs. 1315 (d) Rs. 3250?
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According to the technique of Scientific management "Differential Piec...
The Differential Piece Wage System
The differential piece wage system is a technique of Scientific Management developed by Frederick Winslow Taylor. It aims to provide financial incentives to workers based on their performance and productivity. This system motivates workers to meet or exceed the standard output set by the organization.
Calculation of Differential Piece Wage
To calculate the differential piece wage for a worker making 60 units and a worker making 49 units, we need to determine if they have met the standard output or not.
- Standard output per day: 50 units
- Pay rate for standard output or more: Rs. 75 per unit
- Pay rate for below standard output: Rs. 65 per unit
Worker making 60 units
Since the worker is making 60 units, which is more than the standard output of 50 units, they will receive the higher pay rate.
- Additional units produced: 60 - 50 = 10 units
- Additional pay for the additional units: 10 units * Rs. 75 per unit = Rs. 750
Worker making 49 units
Since the worker is making 49 units, which is below the standard output of 50 units, they will receive the lower pay rate.
- Deficit units: 50 - 49 = 1 unit
- Deduction for the deficit unit: 1 unit * Rs. 10 per unit = Rs. 10
Total Earnings Comparison
To calculate the difference in earnings between the two workers, we need to compare their total earnings.
- Worker making 60 units: Rs. 750 (additional pay) + Rs. 50 (standard pay for 50 units) = Rs. 800
- Worker making 49 units: Rs. 490 (pay for 49 units) - Rs. 10 (deduction for 1 deficit unit) = Rs. 480
Difference in Earnings
To find the difference in earnings between the two workers, we subtract the total earnings of the worker making 49 units from the total earnings of the worker making 60 units.
Rs. 800 - Rs. 480 = Rs. 320
Therefore, the worker making 60 units will earn Rs. 320 more than the worker making 49 units.
Answer: (c) Rs. 1315
The differential piece wage system is a technique of Scientific Management developed by Frederick Winslow Taylor. It aims to provide financial incentives to workers based on their performance and productivity. This system motivates workers to meet or exceed the standard output set by the organization.
Calculation of Differential Piece Wage
To calculate the differential piece wage for a worker making 60 units and a worker making 49 units, we need to determine if they have met the standard output or not.
- Standard output per day: 50 units
- Pay rate for standard output or more: Rs. 75 per unit
- Pay rate for below standard output: Rs. 65 per unit
Worker making 60 units
Since the worker is making 60 units, which is more than the standard output of 50 units, they will receive the higher pay rate.
- Additional units produced: 60 - 50 = 10 units
- Additional pay for the additional units: 10 units * Rs. 75 per unit = Rs. 750
Worker making 49 units
Since the worker is making 49 units, which is below the standard output of 50 units, they will receive the lower pay rate.
- Deficit units: 50 - 49 = 1 unit
- Deduction for the deficit unit: 1 unit * Rs. 10 per unit = Rs. 10
Total Earnings Comparison
To calculate the difference in earnings between the two workers, we need to compare their total earnings.
- Worker making 60 units: Rs. 750 (additional pay) + Rs. 50 (standard pay for 50 units) = Rs. 800
- Worker making 49 units: Rs. 490 (pay for 49 units) - Rs. 10 (deduction for 1 deficit unit) = Rs. 480
Difference in Earnings
To find the difference in earnings between the two workers, we subtract the total earnings of the worker making 49 units from the total earnings of the worker making 60 units.
Rs. 800 - Rs. 480 = Rs. 320
Therefore, the worker making 60 units will earn Rs. 320 more than the worker making 49 units.
Answer: (c) Rs. 1315
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According to the technique of Scientific management "Differential Piece Wage system" How much more will a worker making 60 units earn as compared to a worker making 49 units? If the standard output per day is 50 units and those who make standard output or more than standard get Rs. 75 per unit and those below get Rs. 65 per unit. (a) Rs. 4500 (b) Rs. 3185 (c) Rs. 1315 (d) Rs. 3250?
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According to the technique of Scientific management "Differential Piece Wage system" How much more will a worker making 60 units earn as compared to a worker making 49 units? If the standard output per day is 50 units and those who make standard output or more than standard get Rs. 75 per unit and those below get Rs. 65 per unit. (a) Rs. 4500 (b) Rs. 3185 (c) Rs. 1315 (d) Rs. 3250? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about According to the technique of Scientific management "Differential Piece Wage system" How much more will a worker making 60 units earn as compared to a worker making 49 units? If the standard output per day is 50 units and those who make standard output or more than standard get Rs. 75 per unit and those below get Rs. 65 per unit. (a) Rs. 4500 (b) Rs. 3185 (c) Rs. 1315 (d) Rs. 3250? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for According to the technique of Scientific management "Differential Piece Wage system" How much more will a worker making 60 units earn as compared to a worker making 49 units? If the standard output per day is 50 units and those who make standard output or more than standard get Rs. 75 per unit and those below get Rs. 65 per unit. (a) Rs. 4500 (b) Rs. 3185 (c) Rs. 1315 (d) Rs. 3250?.
According to the technique of Scientific management "Differential Piece Wage system" How much more will a worker making 60 units earn as compared to a worker making 49 units? If the standard output per day is 50 units and those who make standard output or more than standard get Rs. 75 per unit and those below get Rs. 65 per unit. (a) Rs. 4500 (b) Rs. 3185 (c) Rs. 1315 (d) Rs. 3250? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about According to the technique of Scientific management "Differential Piece Wage system" How much more will a worker making 60 units earn as compared to a worker making 49 units? If the standard output per day is 50 units and those who make standard output or more than standard get Rs. 75 per unit and those below get Rs. 65 per unit. (a) Rs. 4500 (b) Rs. 3185 (c) Rs. 1315 (d) Rs. 3250? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for According to the technique of Scientific management "Differential Piece Wage system" How much more will a worker making 60 units earn as compared to a worker making 49 units? If the standard output per day is 50 units and those who make standard output or more than standard get Rs. 75 per unit and those below get Rs. 65 per unit. (a) Rs. 4500 (b) Rs. 3185 (c) Rs. 1315 (d) Rs. 3250?.
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