Bedaux premium plan

Bonus = (Ts-Tt) x 60 x 75% x R x Total earning = (Ts-Tt) x 60 x 75% x R x Where, R = hourly labor rate Ts = standard time Tt = time actually taken Ts Tt = time saved + R x Tt

Problem 1: A company is operating Bedaux premium plan. Compute total wages and per hour income of the worker based on the following information. Time rate = $6/hour Time allowed = 100 hours Time taken = 75 hours

Solution: Bonus = (100 hours 75 hours) x 60 x 75% x $6/hour x = $112.50 + $6/hour x 75 hours = $562.50

Total earning = (100 hours 75 hours) x 60 x 75% x $6/hour x Earning per hour =