Question
1 Under a modified wage plan, Jim Phillips works and eight hour day and earns $.50 for each finished unit he produces in excess of
1 Under a modified wage plan, Jim Phillips works and eight hour day and earns $.50 for each finished unit he produces in excess of 200 units. However, he is guaranteed $12.50 per hour as a minimum wage. His production this week was as follows:
Monday 220 units
Tuesday 180 units
Wed 200 units
Thurs 200 units
Friday 190 units
What were Jim's TOTAL EARNINGS this week? a. $500 b. 510 c. 495 d. 515
2. Harrison Carter, who is a classified as direct labor, earns $800 per weeks and is entitled to three weeks of vacation and 10 holidays each year. How much SHOULD BE ACCRUED FOR HIS VACATION EACH WEEK. (show all work )a. $85.11 b. 46.15 c. 48.98 d.76.92
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