For the first week in March, the record of M. Roderick shows:

Roderick's guaranteed hourly wage rate is $6 and standard production is 24 units per hour. Factory overhead per labor hour is $3.
Required:
(1) Assume Roderick receives 90% of the labor value of time saved during a day. Prepare a schedule to show Roderick's pay, using the following headings:
Day
Units Produced
Daily Wage
Units above Standard
Hours Saved
Premium Wage
Total Pay
Labor Cost per Unit (four decimal places)
Overhead per Unit (four decimal places)
Conversion Cost per Unit (four decimal places)
(2) Assume the 100-percent bonus plan is used (for each week's total production). Prepare a schedule to show Roderick's pay, using the following headings:
Hours Worked
Units Produced
Standard Production
Efficiency Ratio (nearest %)
Base Wage
Base x Efficiency Ratio
Week's Earnings
Labor Cost per Unit (four decimal places)
Conversion per Unit (four decimal places)
(3) Assume the daily quota is 192 units and the hourly rate increases 5% for each day the quota is achieved or exceeded. Prepare a schedule to show Roderick's pay, using the following headings:
Day
Units Produced
Hourly Wage
Amount Earned
Labor Cost per Unit (four decimal places)
Conversion Cost per Unit (four decimal places)

Transcribed Image Text:

Hours Units Worked Produced Monday 180 200 220 224 192 8 Thursday. Friday...