If (R) is the base rate guaranteed per hour, (S) is the standard time for the job and (T) is the actual time, then according to Halsey 50-50 plan, wages for the job will be
A. $${\text{TR}}$$
B. $${\text{TR}} + \frac{{{\text{S}} - {\text{T}}}}{2} \times {\text{R}}$$
C. $${\text{TR}} + \left( {{\text{S}} - {\text{T}}} \right) \times {\text{R}}$$
D. $${\text{TR}} + \frac{{{\text{S}} - {\text{T}}}}{{\text{S}}} \times {\text{R}}$$
Answer: Option B
Solution(By Examveda Team)
If (R) is the base rate guaranteed per hour, (S) is the standard time for the job and (T) is the actual time, then according to Halsey 50-50 plan, wages for the job will be $${\text{TR}} + \frac{{{\text{S}} - {\text{T}}}}{2} \times {\text{R}}.$$This Question Belongs to Mechanical Engineering >> Industrial Engineering And Production Management
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