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answer the last part a-d answer the second part of a-d Scanlon plans represent a group level incentive plan that provides poyouts based on wheener
answer the last part a-d
answer the second part of a-d
Scanlon plans represent a group level incentive plan that provides poyouts based on wheener the implementation of proposals for labor costs savings are successfut. Among the important determining factors is the caloulation of Scanion rasos (labor costs / sales value of peoduction). Scanion ratios are compared lo a standard. Payouts are made whenever the Scanlan ratio is loss than the standard The Scanlen ratio for 2014 is 0,50 , and it is the standard for comparison. Assume that in 2015, botal laber costs amounted to $50,000,000 and saies vatue of production (SVOP) amounted to $35,000,000. Also, assume that lotal liber costs wit increase by $4,0 pertent annualy and SvoP wil increase by 90 percent arnually starting in 2016. a) The Scanion tabio for 2015 will be Round your response to the nearest hundredths place b) The Scarlon ratio for 2016 wa bo Round your response to fhe nearsat hundrodths place c) The Scanlan ratio for 2017 wit be Round your response to the mesest hunderdths place. d) The Scanton rato for 201a wa bo Round your rosponse to the nearost hundreotha place. a) The botal dollars avalable for bones panjout in 2015 wat bes b) The toesi dolars avalabte for bonus payout in 2016 wit be: c) The total doliars avaliable for bonus payout in 2017 wil be 1 19) The total doliars available for bonus payout in 2056 wal be ? Round your responas to the nearest hundredths place Step by Step Solution
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