Dobbs Company uses an incentive plan in which employees receive a guaranteed rate of $8 per hour

Question:

Dobbs Company uses an incentive plan in which employees receive a guaranteed rate of $8 per hour and a premium of 60 percent of the time saved on production in excess of the standard of 80 units per hour. You have pulled the production records and find an employee has produced the following: Monday—700 units; Tuesday—720 units.

Required:
Compute the daily earnings.

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