Based on the data below you are required to calculate the remuneration of each employee as determined by each of the following methods
Hourly rate
Basic piece rate
Individual bonus scheme where the employee receives the bonus in proportion of the time saved to time allowed
Name of employee
|
Salmon
|
Roala
|
Pike
|
Units produced
|
270
|
200
|
220
|
Time allowed in minutes per unit
|
10
|
15
|
12
|
Time taken (hours)
|
40
|
38
|
36
|
Rate per hour (Kshs)
|
125
|
105
|
120
|
Rater per unit (Kshs)
|
20
|
25
|
24
|