Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Determine the total amount this company spends annually on its personnel if the following costs are incurred: Plant Manager is paid $11,134 per month Finishers

image text in transcribed

  1. Determine the total amount this company spends annually on its personnel if the following costs are incurred:
    1. Plant Manager is paid $11,134 per month
    2. Finishers are paid $12/ hour
    3. Operators are paid $15/hour
    4. Assemblers are paid $13.5/hour
    5. Boxers are paid $13/hour
    6. Molders are paid $14/hour
    7. Shippers are paid $13/hour
  2. Determine the total amount of money lost by the company as a result of employee unethical issues, if her actual profit equaled 5% of every dollar paid to its production employees.
  3. Discuss one or two ways you can improve this companys bottom line if you were this manager.

The following are assumed:

  1. There are no other supervisors in the plant
  2. Each box in the chart represents one employee
  3. Each employee works an 8-hour paid shift daily
  4. Each employee works a 5-day work week
  5. One year is equal to 52 weeks
  6. There are no overtimes and the company does not observe any national holidays
  7. Each employee gets two weeks paid annual leave and a 1-week bonus equivalent to his/her weekly wage
  8. There is a 20% monetary loss in productivity because of employee unethical issues such as missing work, theft, carelessness and drug use.
Plant Manager Milling Sup. Turning Sup. Ass/Ship. Sup. Found/Fin. Sup. Drill/Saw Sup. Operator Operator Assembler Molder Operator Operator Operator Assembler Molder Operator Operator Operator Assembler Molder Operator Operator Operator Assembler Molder Operator Operator Operator Assembler Molder Operator Operator Operator Boxer Molder Operator Operator Operator Boxer Finisher Operator Boxer Finisher Operator Boxer Finisher Shipping Finisher Shipping Shipping Plant Manager Milling Sup. Turning Sup. Ass/Ship. Sup. Found/Fin. Sup. Drill/Saw Sup. Operator Operator Assembler Molder Operator Operator Operator Assembler Molder Operator Operator Operator Assembler Molder Operator Operator Operator Assembler Molder Operator Operator Operator Assembler Molder Operator Operator Operator Boxer Molder Operator Operator Operator Boxer Finisher Operator Boxer Finisher Operator Boxer Finisher Shipping Finisher Shipping Shipping

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions

Question

What would you do?

Answered: 1 week ago