Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

of A compary is pricing a job that involves the use of 20 hours of skilled labour and 60 hours of unskilled labour within next

image text in transcribed
of A compary is pricing a job that involves the use of 20 hours of skilled labour and 60 hours of unskilled labour within next week. The existing 2 skilled workers are paid 20/h with a minimum weekly wage of 800 per worker. Each worker is currently working only 34 hours a week. If workers work more than 40h/week, an overtime premium of 10/h has to be paid in addition to the regular hourly rate. The short-term relevant cost for the required skilled labour is The unskilled workers are currently fully utilised. They are each paid 10/h for their regular working hours; for any overtime hours they are paid 15/h. Additional workers may be hired for 13 per hour The short-term relevant cost for the required unskilled labour is Therefore, the total short-term relevant cost of labour (skilled+unskilled) for this job is (Insert just the plain number, without e-sign and without any comma to separate groups of thousand)

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_2

Step: 3

blur-text-image_3

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

Risk Management In Organizations An Integrated Case Study Approach

Authors: Margaret Woods

1st Edition

0415591732, 9780415591737

More Books

Students also viewed these Accounting questions

Question

a _ _ _ _ and _ _ _ _ _ are network infrastructure devices?

Answered: 1 week ago

Question

Why has Negotiating Women, Inc. focused its attention on women?

Answered: 1 week ago