Total wages under Halsay Premium Plan and Rowan Premium Plan:

To calculate the total wages under Halsay Premium Plan and Rowan Premium Plan, we need the following information:

• Total hours worked by the worker
• Standard time for the task
• Time taken by the worker to complete the task
• Hourly rate of payment

For Halsay Premium Plan:

In the Halsay Premium Plan, the worker is paid a guaranteed hourly rate plus a bonus for completing the task in less time than the standard time.

Let's assume that the worker worked for 14 hours and completed the task in 12 hours. The standard time for the task is not given, so we cannot calculate the bonus. However, we can calculate the total wages using the following formula:

Total wages = (guaranteed hourly rate x total hours worked) + bonus

Assuming the guaranteed hourly rate is Rs. 2 per hour, the total wages for the worker under Halsay Premium Plan would be:

Total wages = (2 x 14) + bonus

For Rowan Premium Plan:

In the Rowan Premium Plan, the worker is paid a bonus based on the percentage of time saved from the standard time.

Let's assume that the standard time for the task is 14 hours, and the worker completed the task in 12 hours. The hourly rate of payment is Rs. 2 per hour. To calculate the bonus, we first need to calculate the time saved by the worker:

Time saved = standard time - time taken
Time saved = 14 - 12
Time saved = 2 hours

Next, we need to calculate the percentage of time saved:

Percentage of time saved = (time saved / standard time) x 100
Percentage of time saved = (2 / 14) x 100
Percentage of time saved = 14.29%

Finally, we can calculate the bonus using the following formula:

Bonus = (percentage of time saved / 100) x (total hours worked x hourly rate)

Bonus = (14.29 / 100) x (14 x 2)
Bonus = Rs. 0.57

Therefore, the total wages for the worker under Rowan Premium Plan would be:

Total wages = (total hours worked x hourly rate) + bonus
Total wages = (14 x 2) + 0.57
Total wages = Rs. 28.57

Which plan is better for the worker?

Comparing the two plans, we can see that the worker earns a higher total wage under Rowan Premium Plan (Rs. 28.57) as compared to Halsay Premium Plan (guaranteed hourly rate + bonus). Therefore, the Rowan Premium Plan is better for the worker.

Explanation of Rowan Premium Plan Standard Time: 14 Hrs Time Taken 12 Hrs Time Rate : Rs. 2 per Hr.

The Rowan Premium Plan is a wage payment plan that incentivizes workers to complete their tasks in less time than the standard time. In this plan, the worker is paid a bonus based on the percentage of time saved from the standard time.

In this case, the standard time for the task is 14 hours, and the worker completed the task in 12 hours. The hourly rate of payment is Rs. 2 per hour. To calculate the bonus, we first calculated the time saved by the worker (2 hours).

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