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Butcher Enterprises has experienced substantial employee turnover among its office workers. During exit interviews, more than 80 percent stated that low pay was the top

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Butcher Enterprises has experienced substantial employee turnover among its office workers. During exit interviews, more than 80 percent stated that low pay was the top reason for resigning. The company conducted a survey of local companies' pay practices to confirm whether this concem is valid. Indeed. Butcher Enterprises' average hourly pay rate for total compensation falls well below the market. The compensation survey showed an average hourly rate of $28.00 for total compensation. Of this amount, wages are $26.00 per hour and benefits are $2 per hour. In comparison, Butcher Enterprises spends an average hourly rate of $22 for total compensation. Of this amount, 70 percent is allocated for wages. Butcher Enterprises spends S on wages and S on benefits, respectively, on an average hourly basis. Round your response to the nearest hundreths place

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