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The ABC company produces and sells drones. An efficiency expert determined that it should take 4 pounds of material to make a drone. Each pound
The ABC company produces and sells drones. An efficiency expert determined that it should take 4 pounds of material to make a drone. Each pound is expected to cost $6.00. It was also determined that it should take the employees on the assembly line 5 hours to make a drone. ABC company plans to pay those employees $22.00 per hour. During 2015, ABC company purchased 10,000 pounds at a cost of $51,000. ABC used 2, 900 pounds. The guys on the assembly line worked a total of 4, 200 hours and were paid a total of $82, 950. a. How much money did ABC lose or save because the guys on the assembly line worked the wrong number of hours? b. How much money did ABC lose or save because they paid the wrong price per pound for material? c. How much money did ABC lose or save because they paid the guys on the assembly line the wrong rate per hour? d. How much money did ABC lose or save because they used the wrong number of pounds
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