Examveda
Examveda

Bonus under Rowan scheme is paid ________.

A. as a proportion of standard time to actual time

B. as a proportion of actual time to standard time

C. as a proportion of time saved to standard time

D. as a proportion of standard time to time saved

Answer: Option C

Solution(By Examveda Team)

Bonus under Rowan scheme is paid as a proportion of time saved to standard time. In the Halsey Plan, bonus is usually set at 50% of the time saved. It does not serve as a strong incentive. On the other hand under the Rowan Plan, bonus is that proportion of the wages of the time taken which the time saved bears to the standard time.

This Question Belongs to Commerce >> Costing

Join The Discussion

Comments ( 3 )

  1. Komaraiah Jatangi
    Komaraiah Jatangi :
    6 years ago

    Answer: Option C

    C. as a proportion of time saved to standard time

  2. Bunny Raju
    Bunny Raju :
    6 years ago

    Yes

  3. Naresh Merugu
    Naresh Merugu :
    6 years ago

    It must be option C

Related Questions on Costing