Payroll Computation with Incentive Bonus Fifteen workers are assigned to a group project. The production standard calls for 500 units to be completed each hour to meet a customer's set deadline for the products. If the required units can be delivered before the target date on the order, the customer will pay a substantial premium for early delivery. The company, wishing to encourage the workers to produce beyond the established standard, has offered an excess-production bonus that will be added to each project employee's pay. The bonus is to be computed as follows: a. b. Individual's hourly wage rate x bonus percentage = hourly bonus rate c. Hourly wage rate + hourly bonus rate = new hourly rate for week d. Total hours worked x new hourly rate = earnings for week The average wage rate for the project workers is $15 per hour. The production record for the week shows the following: Round the bonus percentage to five decimal places and both the bonus rate AND total bonus and total wages to the nearest cent.

hours worked production (units)

monday 112 61,040

tuesday 112 60,032

wednesday 112 60.480

thursday 112 65,632

friday 108 57,344

saturday 60 26,000

Total 616 330,528

Required:

1. Determine the hourly bonus rate and the total amount of the bonus for the week. Hourly bonus rate $ Total bonus for week $

2. What are the total wages of L. Brock, who worked 40 hours at a base rate of $15 per hour? $

3. What are the total wages of R. Gibson, who worked 35 hours at a base rate of $20 per hour? $