{"id":46258,"date":"2024-04-15T22:09:46","date_gmt":"2024-04-15T22:09:46","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=46258"},"modified":"2024-04-15T22:09:46","modified_gmt":"2024-04-15T22:09:46","slug":"for-a-work-order-standard-time-and-time-taken-are-20-hours-and-15-hours-respectively-time-rate-being-rs-2-per-hour-total-wages-payable-under-rowan-premium-plan-will-be","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/for-a-work-order-standard-time-and-time-taken-are-20-hours-and-15-hours-respectively-time-rate-being-rs-2-per-hour-total-wages-payable-under-rowan-premium-plan-will-be\/","title":{"rendered":"For a work order, standard time and time taken are 20 hours and 15 hours respectively. Time rate being Rs. 2 per hour, total wages payable under Rowan Premium Plan will be:"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;40&#8243; option2=&#8221;37.5&#8243; option3=&#8221;35&#8243; option4=&#8221;None of these&#8221; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is $\\boxed{\\text{B) 37.50}}$.<\/p>\n<p>Rowan Premium Plan is a type of incentive plan in which workers are paid a base rate plus a premium for production above the standard. The premium is typically a percentage of the time saved.<\/p>\n<p>In this case, the standard time is 20 hours and the time taken is 15 hours. This means that the worker produced 20\/15 = 1.33 times the standard amount. The premium rate is 2\/20 = 0.10, or 10%. Therefore, the total wages payable are 2<em>15 + 2<\/em>15*0.10 = 37.50.<\/p>\n<p>Option A is incorrect because it is the total wages payable if the worker had produced the standard amount. Option C is incorrect because it is the total wages payable if the worker had produced 10% less than the standard amount. Option D is incorrect because it is not a valid option.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;40&#8243; option2=&#8221;37.5&#8243; option3=&#8221;35&#8243; option4=&#8221;None of these&#8221; correct=&#8221;option1&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[952],"tags":[],"class_list":["post-46258","post","type-post","status-publish","format-standard","hentry","category-costing","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>For a work order, standard time and time taken are 20 hours and 15 hours respectively. Time rate being Rs. 2 per hour, total wages payable under Rowan Premium Plan will be:<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/for-a-work-order-standard-time-and-time-taken-are-20-hours-and-15-hours-respectively-time-rate-being-rs-2-per-hour-total-wages-payable-under-rowan-premium-plan-will-be\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"For a work order, standard time and time taken are 20 hours and 15 hours respectively. Time rate being Rs. 2 per hour, total wages payable under Rowan Premium Plan will be:\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;40&#8243; option2=&#8221;37.5&#8243; option3=&#8221;35&#8243; option4=&#8221;None of these&#8221; correct=&#8221;option1&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/for-a-work-order-standard-time-and-time-taken-are-20-hours-and-15-hours-respectively-time-rate-being-rs-2-per-hour-total-wages-payable-under-rowan-premium-plan-will-be\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T22:09:46+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"For a work order, standard time and time taken are 20 hours and 15 hours respectively. Time rate being Rs. 2 per hour, total wages payable under Rowan Premium Plan will be:","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/for-a-work-order-standard-time-and-time-taken-are-20-hours-and-15-hours-respectively-time-rate-being-rs-2-per-hour-total-wages-payable-under-rowan-premium-plan-will-be\/","og_locale":"en_US","og_type":"article","og_title":"For a work order, standard time and time taken are 20 hours and 15 hours respectively. 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