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Given that for a job standard time is 8 hrs, actual time taken is 6 hrs and the time rate is Rs 2 per hr What is the total wages under Halsey premium plan?

Given that for a job standard time is 8 hrs, actual time taken is 6 hrs and the time rate is Rs 2 per hr What is the total wages under Halsey premium plan? Correct Answer Rs. 14

Standard Time: 8 hrsRate per Hour: Rs 2Case (1): Time Taken = 8 hrsEarnings = 8 x 2 = Rs 16Case (2): Time Taken = 10 hrsEarnings = 10 x 2 = Rs 20Case (3): Time Taken= 6 hrsEarnings:Time wages = 6x 2 = Rs 12Bonus = ½ x 2 x 2 = Rs Rs 2Thus, the worker’s total earnings are Rs 14 (time wages +bonus), if he has completed the work in 6 hrs, less than the standard time.

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