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.Join The Discussion
Comments ( 3 )
Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
Answer: Option C
C. as a proportion of time saved to standard time
Yes
It must be option C