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2 0 - 4 3 Incentive Pay Formula Development A restaurant manager has the following goals: ( 1 ) serve 3 0 0 customers per

20-43 Incentive Pay Formula Development A restaurant manager has the following goals: (1) serve 300 customers per day and (2)
achieve an average price per customer of $6.88. The restaurant is open 365 days per year. The two goals are equally important.
The manager's salary is $68,000. The manager's incentive pay (i.e., bonus) should be $12,800 if both goals are achieved.
Required
Assuming the compensation function is linear, determine the following amounts in the contract:
a. The rate per customer served, rounded to four decimal points.
b. The rate per penny of average price per customer, rounded to four decimal points.
Independent of your answer to requirement 1, assume that the rate is $0.0763 per customer served and $11.4451 per penny of average
price per customer. Calculate the manager's total compensation if the restaurant serves 280 customers per day at an average price of
$6.75. Round your final answer to the nearest dollar.
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