mod 13.docx - Brooks Reierson Module 13 1 What are the...

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Brooks Reierson Module 13 1. What are the three general categories under which the majority of wage incentive plans may be classified? Direct financial plans (daywork and flexible plans), indirect financial plans and nonfinancial plans. 2. What are some of the reasons for the failure of wage incentive schemes? Fundamental problems such as poor standards, complicated wage schemes, ceilings and earnings. Poor human relations are another one with regard to proper training and support. Poor technical administration of maintaining standards under methods changes, quality issues, grievance problems, etc. 3. Analysts established an standard time of 0.0125 hours/piece for machining a small component. A setup time of 0.30 hour is established also, as the operator performs the necessary setup work on incentive. Compute: a. Total time allowed to complete an order of 750 pieces. Setup time + time taken to complete 1-piece x total pieces required. .30+750x.0125 .3+9.375 = 9.675 b. Operator efficiency, if job is completed in an eight-hour day. Standard time Actualtimetaken
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  • Spring '19
  • Working time, piece, Standard

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