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If (R) is the base rate guaranteed per hour (S) is...

This question belongs to Mechanical Engineering Industrial Engineering And Production Management
Industrial Engineering and Production Management
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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

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Correct Answer: Option B
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 $${\text{TR}} + \frac{{{\text{S}} - {\text{T}}}}{2} \times {\text{R}}.$$
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