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Sir please help me with this question, I want to understand why are we paying a person full amount agreed as well as bonus when the time allowed is 60 minutes and the person has finished the job in 36 minutes.
As per my understanding he should be paid for 36 minutes and bonus of the time he saved.Question is mentioned below :
The following data relate to Job A
Employee’s basic rate=$4.80 per hour.
Allowed time for Job A=1 hour
Time taken for Job A=36 minutes
The employee is paid the basic rate for the allowed time for the job and then the bonus based on any time saved. The bonus is calculated based on the following formula:Bonus=Time Taken / Time Allowed x Time Rate x Time Saved
Required
Calculate the total payment for Job A
____________________________Thank You
I don’t know which Chapter 6 you are referring to.
However the question as you have typed it says that ‘the employee is paid the basic rate for the allowed time for the job’ (plus the bonus as per the formula given).
The allowed time for the job is 1 hour and therefore the basic pay will be $4.80, and then they will receive a bonus on top of that because the time taken was less than the allowed time.
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