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(a) A worker completes a job in a certain number of hours. The standard time allowed for      the job is 12 hours and the hourly rate of wages is Rs. 5 per hour. The worker earns, at the rate of 50%, a bonus of Rs. 7.5 under Halsey Plan.

Ascertain the total earnings of the worker under Rowan Premium Plan. Also calculate the effective rate of earning per hour.

(b) Calculate Machine Hour Rate from the following:

Cost of Machine                             Rs. 1,30,000

Installation Charges                      Rs 20,000

WorkingLife                                     10 years

Working Hours                                1,500 per year

Repairing Charges 40% of Depreciation

Power 10 units per hour @ Rs. 0.10 per unit

Lubricating oil Rs. 6 per day of 8 hours.

Consumable store Rs. 10 per day of 8 hours

Wages of Operator Rs. 4 per day.

Machine Insurance 40% of Depreciation. 


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