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In all problems, unless instructed otherwise, compute hourly rate and overtime rates as follows: 1. Carry the hourly rate and the overtime rate to 3
In all problems, unless instructed otherwise, compute hourly rate and overtime rates as follows:
1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places.
2. If the third decimal place is 5 or more, round to the next higher cent.
3. If the third decimal place is less than 5, drop the third decimal place.
- Sarah receives 15 cents for every unit produced. She produced 2140 pieces in a 44-hour workweek. For overtime, she is paid a sum equal to 1/2 the regular hourly pay rate multiplied by the number of overtime hours. Overtime is any hours over 40 hours per week.
Her regular Piecework earnings:
Overtime earnings:
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