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Question # 4: An insurance company employs full and part- time staff, who work 40 and 20 hours per week, respectively. Fulltime staff are
Question # 4: An insurance company employs full and part- time staff, who work 40 and 20 hours per week, respectively. Fulltime staff are paid $800 per week and part-time staff $320. In addition, it is company policy that the number of part-time staff should not exceed one-third of the number of fulltime staff. If the number of worker-hours per week required to deal with the company's work is 900, how many workers of each type should be employed in order to complete the workload at minimum cost?
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Financial and managerial accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
1st edition
111800423X, 9781118233443, 1118016114, 9781118004234, 1118233441, 978-1118016114
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