A company is undecided as to what kind of wage scheme should be introduced. The following particulars have been compiled in respect of three systems, which are under consideration of the management:...

A company is undecided as to what kind of wage scheme should be introduced. The following particulars have been compiled in respect of three systems, which are under consideration of the management:

For the purpose of piece rate, each minute is valued at `1. You are required to calculate the wages of each worker under:

(i) Guaranteed hourly rates basis

(ii) Piece work earnings basis, but guaranteed 75 per cent of basic pay (guaranteed hourly rate) if his earnings are less than 50 per cent of basic pay.

(iii) Premium bonus where the worker receives bonus based on Rowan scheme.