Data of Labor Cost which is related to 100% Bonus plan Mr. Rizwan is an employee of Matrix Homes Company and data is submitted by the company for work performed in last week which is given below:

Units Produced

Day Each Day Monday................................................................................................ 24

Tuesday............................................................................................... 21

Wednesday.......................................................................................... 29

Thursday............................................................................................. 27

Friday.................................................................................................. 28

During the week, Rizwan worked 8 hours each day and was paid a flat hourly wage of $9, plus a bonus based on the 100% bonus plan. Standard production is 3 units per hour. The bonus need to be calculated on a daily basis.

Required: Prepare a report for Rizwan, showing daily earnings, the daily efficiency ratio, and the labor cost per unit produced each day. (Round labor cost per unit to two decimal places.)