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  3. in a manufacturing concern 20 workmen work in a gr

In a manufacturing concern 20 workmen work in a group. The concern follows a group...

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Accounting

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In a manufacturing concern 20 workmen work in a group. The concern follows a group incentive bonus system whereby each workman belonging to the group is paid a bonus on the excess output over the hourly production standard of 250 pieces, in addition to his normal wages at hourly rate. The excess of production over the standard is expressed as a percentage and two-thirds of this percentage is considered to be the share of the workman and is applied on the notional hourly rate of Rs. 6.00 (considered only for purpose of computation of bonus). The output data for a week are stated below: Days Man-hours worked Output (In pieces) Monday 160 48,000 Tuesday 172 53,000 Wednesday 164 40,000 Thursday 168 52,000 Friday 160 46,000 Saturday 160 42.000 984 2.81.000 You are required to: (i) Work out the amount of bonus for the week and the average rate at which each workman is to be (ii) Compute the total wages including bonus payable to Ram Jadav who worked for 48 hours at an hourly rate of Rs. 2.50 and to Francis Williams who worked for 52 hours at an hourly rate of Rs. 3.00. paid the same

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