{"id":144704,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/in-an-attempt-to-increase-productivity-and-reduce-costs-pho-shigma-corporation-is-planning-to-install-an-incentive-pay-plan-in-its-manufacturing-plant"},"modified":"2017-08-17T16:55:34","modified_gmt":"2017-08-17T16:55:34","slug":"in-an-attempt-to-increase-productivity-and-reduce-costs-pho-shigma-corporation-is-planning-to-install-an-incentive-pay-plan-in-its-manufacturing-plant","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/in-an-attempt-to-increase-productivity-and-reduce-costs-pho-shigma-corporation-is-planning-to-install-an-incentive-pay-plan-in-its-manufacturing-plant\/","title":{"rendered":"In an attempt to increase productivity and reduce costs, Pho Shigma Corporation is planning to install an incentive pay plan in its manufacturing plant."},"content":{"rendered":"<p>In an attempt to increase productivity and reduce costs, Pho Shigma Corporation is planning to install an incentive pay plan in its manufacturing plant. In developing standards for one operation, time-study analysts observed a worker for 30 minutes. During that time the worker completed 42 parts. The analysts rated the worker as producing at 130 percent. The base wage rate of the worker is $5 per hour. The firm has established 15 percent as a fatigue and personal time allowance.<\/p>\n<p>a) What is the normal time for the task?<br \/> b) What is the standard time for the task?<br \/> c) If the worker produced 500 units during an eight-hour day, what wages would the worker have earned?<\/p>\n<p>Hint)<br \/> Normal time = {(Time worked) \/ (Number of units produced)}*(Performance rating)<br \/> Standard time = (Normal time)*(1 + Allowances)<br \/> OR Standard time = (Normal time) \/ (1 \u2013 Allowances)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In an attempt to increase productivity and reduce costs, Pho Shigma Corporation is planning to install an incentive pay plan in its manufacturing plant. In developing standards for one operation, time-study analysts observed a worker for 30 minutes. During that <a href=\"https:\/\/www.benedictsol.com\/blogs\/in-an-attempt-to-increase-productivity-and-reduce-costs-pho-shigma-corporation-is-planning-to-install-an-incentive-pay-plan-in-its-manufacturing-plant\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-144704","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/144704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=144704"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/144704\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=144704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=144704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=144704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}