Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A company has two employees, Mark and James making a product. During the course of a week, both employees worked for 40 hours. Mark's rate
A company has two employees, Mark and James making a product. During the course of a week, both employees worked for 40 hours. Mark's rate of pay was $4.80 per hour and he produced 270 units of the product. James's rate of pay was $4.13 per hour and he produced 225 units. The budgeted time allowed to complete one unit of the product 10 minutes. Piecework rate is $0.72 per unit. Each employee is guaranteed a minimum wage based on his respective hourly rate. What is the gross wage for Mark if a bonus is paid at. $3.60 for each hour saved? Select one: a. $162.00 b. $194.00 c. $210.00 d. $240.00
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started