The following information relates to an employee for one week: Hour worked 44 Rate of pay per hour $3.50 Units or output achieved 480 The time allowed for each unit of output is seven standard minutes. For purposes of piecework calculations each minutes is valued at $0.05. Required Calculate the earnings of an employee where earning is based on: (i) Piecework rates with earnings guaranteed at 80% of pay calculated on an hourly basis. (ii) Premium bonus scheme in which bonus based on 75% of time saved