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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 Rowan plan, wages for the job will be

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Correct Answer: Option D
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 Rowan plan, wages for the job will be $${\text{TR}} + \frac{{{\text{S}} - {\text{T}}}}{{\text{S}}} \times {\text{R}}.$$
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