Standards production for an employee in the Cutting Department is 20 units per hour in an 8-hour
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Compute an employee's earnings under each of the following conditions, carrying all computations to three decimal places:
(1) An incentive plan is used, with the worker receiving 80% of the time saved each day. Records indicate the following:
(2) The 100-percent bonus plan is used and 860 units are produced in a 40-hour week.
(3) An incentive plan provides an hourly rate increase of 5% for all hours worked in a day in which quota production is achieved. Records indicate the following:
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