Question
Suppose you are given the following data related to a week on each employee of a company: Employee code Employee Type Hours worked during the
Suppose you are given the following data related to a week on each employee of a company: Employee code Employee Type Hours worked during the week Basic wage in Rupees per hour Number of pieces produced The basic wage in Rs/hour for a worker is not directly known. All employees are divided into five types A, B, C, D, and E. The basic wage varies from one type to another as shown in the following table:
Employee Type | Basic Wage |
A | 20 |
B | 25 |
C | 30 |
D | 40 |
E | 45 |
Further, the following data that applies to all employees is also given:
Standard rate of production in number of pieces per hour : 10 pieces per hour
Extra pay (or, incentive pay) for each piece produced over and above the standard production, in Rupees per piece: 5 Rupees per piece
Design a spreadsheet to contain the above data, and to compute using this data the following:
For each employee, the regular pay for the week
For each employee, the incentive wage, if any, for the week
For each employee, the total pay for the week
For all the employees put together, the sum of regular, incentive, and total pay
Total sum of the incentive pay as a percentage of the sum of total pay.
These formulae are devised based on the following rules:
Extra production = Maximum of {(actual production- standard production),0}
Regular pay = Basic wage in Rs per hour * hours worked
Incentive pay = Extra production * incentive rate in Rs per piece
Total pay = Regular pay + incentive pay
Employee Code | Employee Type | Hours Worked | Pieces Produced |
E1 | A | 40 | 440 |
E2 | B | 48 | 530 |
E3 | E | 56 | 490 |
E4 | D | 80 | 600 |
E5 | C | 20 | 200 |
E6 | A | 32 | 400 |
E7 | A | 45 | 600 |
E8 | E | 55 | 480 |
E9 | D | 50 | 540 |
E10 | A | 60 | 620 |
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