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
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 D
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 Rowan plan, wages for the job will be $${\text{TR}} + \frac{{{\text{S}} - {\text{T}}}}{{\text{S}}} \times {\text{R}}.$$This Question Belongs to Mechanical Engineering >> Industrial Engineering And Production Management
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