Hi!
Need help in formula to calculate applicable Penalty / Bonus in below scenerio-
Basic Data:
Rate per unit -1000/-
Target production: X
Actual Production: Y
Conditions:
a. If Performance % Band is 95% to 110% - Penalty/Bonus will be Zero
b. If Performance % Band is 95% to 85% - Penalty will be applicable at 10% of basic rate for 95-85% performance only
c. If Performance % Band is 85% to 75% - Penalty will be applicable at 20% of basic rate for 85-75% + amount of b.
d. If Performance % Band is below 75% - Penalty will be applicable at 25% of basic rate for 75% or less + amount of b. + amount of c.
e. If Performance % Band is 110% to 120% - Bonus will be applicable at 10% of basic rate for performance of 110-120% portion
f. If Performance % Band is 120% to 130% - Bonus will be applicable at 10% of basic rate for performance of 110-120% portion + Bonus at 20% for 120-130% portion
g. If Performance % Band is more than 130% - Bonus will be applicable at 10% of basic rate for performance of 110-120% portion + Bonus at 20% for 120-130% portion and 25% for balance portion.
Request your support
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