Standards production for an employee in the Cutting Department is 20 units per hour in an 8-hour

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Standards production for an employee in the Cutting Department is 20 units per hour in an 8-hour day. The hourly wage rate is $8.
Required:
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:
Standards production for an employee in the Cutting Department is

(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:

Standards production for an employee in the Cutting Department is
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Cost Accounting

ISBN: 978-0759338098

14th edition

Authors: William K. Carter

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