Introduction to Gantt task and bonus system
This system also includes establishment of standards after performed proper time and motion studies. Workers who done their work in the standard time, are known as 100% efficient. They obtain wages for the time taken as well as bonus at a fixed percentage of the wages earned. Workers who done their task in less than the standard time acquire wages for the standard time as well as bonus at a fixed percentage of wages earned. Bonus is usually 20% of time wages earned. Slow workers are paid definite wages for the day. Mr. Gantt has state that If a man follows his instructions, and completes all the work laid out for him like constituting his proper work for the day, he is paid a exact bonus in addition to the day rate that he all the gets. Though, at the end of day, he has failed to complete all of the work laid out, he does not acquire his bonus, but just his day rate. "The disadvantages" of this plan is that workers are separated into groups one who acquire the bonus and the others who do not.
Example
Standard Rate $ 2 per hour
Standard hours for the job 10 hours.
Bonus is 20% of standard time.
I Worker had done the work in 12 hours.
II Worker had done the work in 10 hours.
III Worker had done the work in 8 hours.
First worker shall obtain at the rate of $ 2 per hour the wages for the work for 12 hours that is, $ 24. Second worker shall acquire the wages for 10 hours at the rate of $ 2 per hours that is $ 20 plus 20% of 10 hours that is for 2 hours @ 2 or $ 4, so in aggregate 24. We can state that he shall be compensated for 12 hours. The 3rd worker who does the work in 8 hours shall obtain the wages for 10 hours because it is the standard time set for the job plus 20% of 10 hours. So, his compensation shall be 10 × $ 2 + 2 × $ 2 that is, $ 20 + 4 = $ 24 per hour. So, with the reduction of time spent on the job, the salary per hour increases and therefore, the total earnings per day go on rising. So, this system is also termed as Progressive Rate system. So, it is a system of time-rate for sub-standard workers and piece-rate for above standard and standard workers.
Latest technology based Cost Accounting Online Tutoring Assistance
Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Gantt Task and Bonus System homework help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Gantt Task and Bonus System, project ideas and tutorials. We provide email based Gantt Task and Bonus System homework help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Gantt Task and Bonus System. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Cost Accounting homework help and assignment help services. They use their experience, as they have solved thousands of the cost accounting assignments, which may help you to solve your complex issues of Gantt Task and Bonus System. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.
The objective of Activity Based Costing - To eliminate the distortions in computation of total costs as seen in the conventional costing system and bring more correctness in the computation of costs of products and services.
accounting can be observer like the provision of a service to ‘clients’. other way of viewing accounting is like a part of the total information system of business.
tutorsglobe.com economic importance of pteridophytes assignment help-homework help by online pteridophytes tutors
tutorsglobe.com isocost line assignment help-homework help by online isoquants tutors
the statement depicts the forms where the wealth of the business is held and how much wealth is held in each form.
Oscillators tutorial all along with the key concepts of Kinds of Oscillator, Sine Wave Oscillators, Relaxation oscillators, Sweep oscillators, Significance of oscillators, Principle of Oscillators, Applications of the Multi wave oscillators
tutorsglobe.com propagation by leaves assignment help-homework help by online natural methods of vegetative propagation tutors
www.tutorsglobe.com offers intermolecular forces homework help, intermolecular forces assignment help, online tutoring assistance, organic chemistry solutions by online qualified tutor's help.
tutorsglobe.com antigens assignment help-homework help by online secondary lymphoid organs tutors
tutorsglobe.com uses of lanthanides and actinides assignment help-homework help by online f block elements tutors
a wire’s length lying in the magnetic field and where an emf is induced is termed as a coil.
identification of the fault in a given tv receiver - the tv receiver is switched on firstly. picture on the screen is usual but no sound. switch off the receiver and verify. the fault is within sound section.
Fm detector is termed as discriminator. Fm detector is a balanced double diode demodulator. Fm detector splits audio signal from frequency modulated IF signal.
Theory and lecture notes of System check point logic all along with the key concepts of system check point logic, structure of recovery manager, Recovery administrator. Tutorsglobe offers homework help, assignment help and tutor’s assistance on system check point logic.
Excretory Mechanism tutorial all along with the key concepts of Introduction to Excretory Mechanism, secretion, excretion, elimination and egestion
1947293
Questions Asked
3689
Tutors
1478542
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!