Determine the total earnings of the worker by rowan premium, Mechanical Engineering

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Give important wage incentive plans for direct workers. Give advantages and limitations of each plan.

a) Standard time for a given job is 15 hours and hourly rate of wages is 50 cense. If a worker does the job in 10 hours, Determine the total earnings of the worker by Rowan Premium Plan.

b) How is sales price of a product fixed?


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