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2. Scarlon plans represent a grouplevel incentive plan that provides payouts based on whether the implamentaton of proposals for labor costs savings aro successful. Ameng
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Scarlon plans represent a grouplevel incentive plan that provides payouts based on whether the implamentaton of proposals for labor costs savings aro successful. Ameng the important dotermining factors is the calavlation of Scarlon ratios (labor costs l sales value of production). Scanion ratios ere compared to a standard. Payouts aro mado whenever the Scanlon ratio is less than the standard. The Scahlan ratio for 2014 is 0.80 , and is the standard for comparison. Assume that in 2015, total labor costs amounited to $22,000,000 and sales value of aroduction (SVOP) amounted to a) The Scanion rabo for 2015 wil be Round your response to the nearest hundreoths place. b) The Scanlen rase for 2016 wall be found your response fo the nearest hundronths place. c) The Scanlon rato for 2017 whe be Round yeur respanse to the nearest hundredth splace. d) The scanlon natio for 2018 wil be Round your response to the nearest hundredths place Step by Step Solution
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