Evansville Company uses an organizational incentive plan for its entire manufacturing facility. For the year 20B, 755 employees were eligible, and each participated equally.
The plan provides for a gain sharing pool totaling 50% of the value of wages saved. The saving is computed by determining the prior year's productivity ratio: standard hours for work done divided by total actual direct and indirect labor hours. This ratio is rounded to six decimal places and is then divided into the standard hours for the work done during the current year. The result is compared to current year actual direct and indirect labor hours.

In 20B the average hourly pay plus fringe benefits was $14.70.
Required:
Compute the gain sharing incentive, in total and per employee.

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20B 20A 643,823 Standard hours for work done Total actual direct and indirect labor hours... 1,284,983 1,525,324 558,510