Organizational (Gainsharing) Incentive Plan. The Guyette Company employs an organizational incentive plan for its entire manufacturing facility. For the year 19B, 755 employees were eligible, and each partici¬ pated equally.

The plan provides for a gainsharing pool totaling 50% of the value of wages saved. The saving is com¬ puted by determining the prior year’s productivity ratio (standard hours for work done divided by total actual direct and indirect labor hours). This ratio (rounded to six decimal places) is then divided into the standard hours for the work done during the current year. The resulting figure is compared to current year actual direct and indirect labor hours. LO3 19B 19A Standard hours for workdone. 558,510 643,823 Total actual direct and indirect labor hours. 1,284,983 1,525,324 The 19B average hourly pay plus labor fringe benefits was $14.70.

Required: Compute the gainsharing incentive, in total and per employee.