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Question 6 Suppose it costs $6.21 in supphies to produce 1 skalntoard Your company has fixed moathy costs of $330.00. The other monthy costs are employent woges (old employees and your new employees each work 40 hours por week with no overtme, which you prevously computed the amount of over a pay period) and supplies foc produchion Assuming 1 month is 4 weoks what shnulit tha rence of each skatebourd in order to break oven over the course of a month, it 48760 skateboists are procuced aach week? With 48760 skateboards are producrect aarh wonk. What is the monthly profit? Question Ba: Nationally, besides your compary, there is teally just one other laige company thet makes skatoboards Alarmed by the number of recent erriployment appications your company is getting, after some fesearch, you find out that the vast majority of job applicants ace from the other big national company for skaloboards. You find out that your ilval leaving that company to join yours were making $18.05 per hour Excluding fringe benefils, how many houls would a woman wocking for the tival coinpany hawe to work to match the amount of salary eamed by a man workina 40 hours for the tival compery? employee (ald ernpioyed) at your corncany to match their salary when they worked for the nival compary far 40 houss per week? (t point) According to Tabie 20 in this Year 2019 teport (click for the PDF report) by the U. S Bureau of Labor Statistics (BLS), the modisn hourly wage in 2019 for wormen 25 yeart ard older was $15.58, the median hourty wage in 2019 for men 25 years and older was $18.05, whice the median houty wago in 2019 overali for those 2.5 years and older wirs $16.87. (We will call $16.87 the "overall hourty wage") The wages shown are in 2019 infaticn abusted dotiais, and the year 2019 was chosen hecause the data o relativey recent but doent nol contain aty interrupeons dove to Covid Question 1 Your company produces skatebxards which ensploys 37 people and each employee works fut-tume (40 hours per weck) Each emplojeg can produce 23 skatebiards per hoar. How many hours (that is; how many person hours) must be workod so that your faclity can produce 48760 skataboards osch woek? In other words, if one porson we69 to make: all the skitsenboardes how manv hours would this person need to maki a tota of 48760 skafeboaids? by the BLS. This is the hourty pixy rate for each employee if they work 40 hodrs per week or less. if an employee works over 40 hours an a week, then your correany has gustanteed that they get pad the overtme rate of 535.56 dotless per hour for each hour worked in excess of 40 hours in a week Create a function W (t) that represens an enplayee's weety wages as a function of the number of hours t thoy work in a week W(t)={if0t40 Question 3. Your employees are paid every 2 weeks. You pay 5226.00 in fringe benelits per pey penod pet employee Suppose you cannct tarne any of your exsting employees work overtme How many now omployoes do you freed to hire so that 48760 skatoboords are produced each week, assuming all employees (both old and reww) work 40 hous per week? (Assume new ermplowees caen 52.16 per hour more than the BLS's ovesat houly wage, and that no seniot elrployees may be fred) Qunston 4 if a newly-tured omployee works over 40 hours in a week; then your company has guafanteed that they get paid the overtime rate of 1.5 tmes ther regular houry rnte represents the werkly wages for a NEW employee (i) juniof employee) as a fanction of the number of hours f they workin a week J(t){10t4011t>40 Question 6. Suppose it costs $6.21 in supplies to produce 1 skaleboard Your company has fixed monthy costs of $330.00. The other monthly costs are cmployee wages (old employees and your new employees each work 40 hours per week with no overtme, which you previousfy computed the amount of over a pay period and supplias for producfich? Assuming 1 month is 4 weeks. What shwilit the raice of each skateboard in order to break even over the course of a month, if 48760 skaletonirds are procucced each week? Question 7: Using the same employee costs, cost to produce a skatedioard, and foyed monthly costs, your company decides so set the price of each skafeboard bo be SId .81. agan with 48760 skatebciards are broduced earh wonk. What is the monthly proht? Quostion tha Nationally, besides your company, there is realy just one cther layge compary that makes skakoboards Aarmed by the number of tocent employment appications youf leaving that company to joen yours were making $18.05 per hour Excluding fringe benedits. how many hours would a woonan working for the rival conpany hwo to weik to maich the amount of salary aamed by a man workina 40 hours for thet tivat compeay? Question 8b. Suppose a person who worked at the rival company eamed 515.58 per hour gets a competitive bocus to work at your company, and due to their expericice and employee (old employee) at your company to match their salary when they woiked far the rivat company for 40 hours per week? Question 6 Suppose it costs $6.21 in supphies to produce 1 skalntoard Your company has fixed moathy costs of $330.00. The other monthy costs are employent woges (old employees and your new employees each work 40 hours por week with no overtme, which you prevously computed the amount of over a pay period) and supplies foc produchion Assuming 1 month is 4 weoks what shnulit tha rence of each skatebourd in order to break oven over the course of a month, it 48760 skateboists are procuced aach week? With 48760 skateboards are producrect aarh wonk. What is the monthly profit? Question Ba: Nationally, besides your compary, there is teally just one other laige company thet makes skatoboards Alarmed by the number of recent erriployment appications your company is getting, after some fesearch, you find out that the vast majority of job applicants ace from the other big national company for skaloboards. You find out that your ilval leaving that company to join yours were making $18.05 per hour Excluding fringe benefils, how many houls would a woman wocking for the tival coinpany hawe to work to match the amount of salary eamed by a man workina 40 hours for the tival compery? employee (ald ernpioyed) at your corncany to match their salary when they worked for the nival compary far 40 houss per week? (t point) According to Tabie 20 in this Year 2019 teport (click for the PDF report) by the U. S Bureau of Labor Statistics (BLS), the modisn hourly wage in 2019 for wormen 25 yeart ard older was $15.58, the median hourty wage in 2019 for men 25 years and older was $18.05, whice the median houty wago in 2019 overali for those 2.5 years and older wirs $16.87. (We will call $16.87 the "overall hourty wage") The wages shown are in 2019 infaticn abusted dotiais, and the year 2019 was chosen hecause the data o relativey recent but doent nol contain aty interrupeons dove to Covid Question 1 Your company produces skatebxards which ensploys 37 people and each employee works fut-tume (40 hours per weck) Each emplojeg can produce 23 skatebiards per hoar. How many hours (that is; how many person hours) must be workod so that your faclity can produce 48760 skataboards osch woek? In other words, if one porson we69 to make: all the skitsenboardes how manv hours would this person need to maki a tota of 48760 skafeboaids? by the BLS. This is the hourty pixy rate for each employee if they work 40 hodrs per week or less. if an employee works over 40 hours an a week, then your correany has gustanteed that they get pad the overtme rate of 535.56 dotless per hour for each hour worked in excess of 40 hours in a week Create a function W (t) that represens an enplayee's weety wages as a function of the number of hours t thoy work in a week W(t)={if0t40 Question 3. Your employees are paid every 2 weeks. You pay 5226.00 in fringe benelits per pey penod pet employee Suppose you cannct tarne any of your exsting employees work overtme How many now omployoes do you freed to hire so that 48760 skatoboords are produced each week, assuming all employees (both old and reww) work 40 hous per week? (Assume new ermplowees caen 52.16 per hour more than the BLS's ovesat houly wage, and that no seniot elrployees may be fred) Qunston 4 if a newly-tured omployee works over 40 hours in a week; then your company has guafanteed that they get paid the overtime rate of 1.5 tmes ther regular houry rnte represents the werkly wages for a NEW employee (i) juniof employee) as a fanction of the number of hours f they workin a week J(t){10t4011t>40 Question 6. Suppose it costs $6.21 in supplies to produce 1 skaleboard Your company has fixed monthy costs of $330.00. The other monthly costs are cmployee wages (old employees and your new employees each work 40 hours per week with no overtme, which you previousfy computed the amount of over a pay period and supplias for producfich? Assuming 1 month is 4 weeks. What shwilit the raice of each skateboard in order to break even over the course of a month, if 48760 skaletonirds are procucced each week? Question 7: Using the same employee costs, cost to produce a skatedioard, and foyed monthly costs, your company decides so set the price of each skafeboard bo be SId .81. agan with 48760 skatebciards are broduced earh wonk. What is the monthly proht? Quostion tha Nationally, besides your company, there is realy just one cther layge compary that makes skakoboards Aarmed by the number of tocent employment appications youf leaving that company to joen yours were making $18.05 per hour Excluding fringe benedits. how many hours would a woonan working for the rival conpany hwo to weik to maich the amount of salary aamed by a man workina 40 hours for thet tivat compeay? Question 8b. Suppose a person who worked at the rival company eamed 515.58 per hour gets a competitive bocus to work at your company, and due to their expericice and employee (old employee) at your company to match their salary when they woiked far the rivat company for 40 hours per week