On the basis of the following information, calculate the earnings of X and Y under the straight piece rate system and Taylor’s differential piece rate system:
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Standard production: 10 units per hour |
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Normal time rate: Rs 5.00 |
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Differential piece rate to be applied: |
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80% of piece rate for performance below standard |
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120% of piece rate for performance at or above the standard |
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Actual performance: |
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X produced 80 units in a day of 10 hours |
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Y produced 110 units in a day of 10 hours |