<=83% 100%straight wage >83%-100% 110% >100% 120% 5.Bath scheme Total earnings = ^(std hrs*hrs worked) *hrly wage rate 6.bedeaux system Total earnings=total no. of B’s*wage rate per B Wage rate per B =wage per minute Total no. of B=total minutes worked+75%minutes saved 7.Gantt task & bonus system Level of efficiency total wages <100% time wages 100% time wages+20%bonus >100% straight piece wage rate+20%bonus 8.emerson plan Total earnings=time wages + bonus (x% of time wages) Level efficiency bonus <=662/3% NIL >662/3%-100% x% increase in steps & comes to maximum Level of 20% at 100 % Efficiency >100% 20%+1% addition for Every 1%additional efficiency in excess of 100% 9)taylor’s differential rate system Total earnings=actual output*differential piece rate Differential piece rate means Level of efficiency differential piece Rate Upto 100% 80%/83%(choice of company) of straight piece rate 100% or more 120/125%(as per the choice of company) Calculation of earnings
5.Bath scheme 6.bedeaux system 7.Gantt task & bonus system 8.emerson plan 9)taylor’s differential rate system <=83% 100%straight wage >83%-100% 110% >100% 120% Total earnings = ^(std hrs*hrs worked) *hrly wage rate Total earnings=total no. of B’s*wage rate per B Wage rate per B =wage per minute Total no. of B=total minutes worked+75%minutes saved Level of efficiency total wages <100% time wages 100% time wages+20%bonus >100% straight piece wage rate+20%bonus Total earnings=time wages + bonus (x% of time wages) Level efficiency bonus <=662/3% NIL >662/3%-100% x% increase in steps & comes to maximum Level of 20% at 100 % Efficiency >100% 20%+1% addition for Every 1%additional efficiency in excess of 100% Total earnings=actual output*differential piece rate Differential piece rate means Level of efficiency differential piece Rate Upto 100% 80%/83%(choice of company) of straight piece rate 100% or more 120/125%(as per the choice of company) Calculation of earnings
important-costing-formulas-for-ipcc-cs-inter-cwa_inter1.docx