During the first week in November, Erin Mills worked 43.00 hours and produced 1,229 units under a piece- rate system. The regular piece rate is $0.35 a unit. Mills had agreed with her employer prior to the performance of the work that she would be paid one and one-half times the regular piece rate for all pieces produced during the overtime hours. Assume that her production totals for the week were 1,048 pieces during regular hours and 181 pieces during overtime hours. Compute the following amounts. Round your overtime rate to two decimal places and use the rounded amount in subsequent computations. Round the final answers to the nearest cent. a. The piecework earnings b. The overtime earnings c. The total earnings Note: In this chapter and in all succeeding work throughout the course, unless instructed otherwise, calculate hourly rates and o follows: 1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate). If the third decimal place is 5 or more, round to the next higher cent. 2. 3. If the third decimal place is less than 5, simply drop the third decimal place. Examples: Monthly rate $1,827 Weekly rate ($1,827 x 12)/52 = $421.615 rounded to $421.62 Hourly rate $421.62/40 - $10.540 rounded to $10.54 O.T. rate $10.54 x 1.5 - $15.81 Iso, use minimum ourly wage of $7.25 in solving these problems and all that follow. Example 2-24 Paul Fritz produced 3,073 pieces in a 44-hour workweek and is paid 18% cents for every unit produced. Fritz eamed overtime at a and one-half times the regular rate for all pleces produced during overtime hours of the total 3,073 pieces produced, 272 were pro overtime hours. Fritz's total piecework and overtime earnings are as follows: 2,801 x $0.1875 $525.19 piecework earnings 272 pieces $0.2813 ($0.1875 x 1.5) $76.51 overtime earnings $525.19 + $76.51 $601.70 piecework and overtime earnings