Mr. Ben is paid higher wages than Mr. Akon. Though their normal wage rate is same, Mr. Ben gets higher payment as under Halsey system than that to…

Mr. Ben is paid higher wages than Mr. Akon. Though their normal wage rate is same, Mr. Ben gets higher payment as under Halsey system than that to Mr. Akon as under Rowan System. The total time allowed to make the same product is 75 hours, however, Mr. Ben takes 60 hours while Mr. Akon takes 45 hours. The production of the product also involve other costs that are not traced directly to the product like salary to quality assurance manager, factory rent, supplies, salary to production supervisor, electricity consumed, etc. which comes to 2,26,800 leading to factory overhead rate being 120 per man-hour actually worked. The total factory cost for the product produced by Mr. Akon comes to 1,25,640 and by Mr. Ben comes to 1,29,600. From the information given above, COMPUTE the normal wage rate along with the cost of material.