Question
: Tronicircuit Corporation produces printed circuits for the electronics industry. The firm has recently initiated a 100 percent bonus plan with standard production set at
: Tronicircuit Corporation produces printed circuits for the electronics industry. The firm has recently initiated a 100 percent bonus plan with standard production set at 50 units per hour. The company employs 10 workers on an 8-hour shift at $5 per hour. Depreciation on plant equipment is $4.50 per hour, and other overhead is applied at $3.50 per hour. Production for the first week under the 100 percent bonus plan was:
Monday--------------------------------------------- 3,800 units
Tuesday-------------------------------------------- 4,500 units
Wednesday---------------------------------------- 4,600 units
Thursday-------------------------------------------- 4,500 units
Friday ------------------------------------------------4,400 units
Management is interested in appraising the results of the new incentive wage plan.
Required: A schedule showing employee earnings, unit labor cost, unit overhead cost, and conversion cost per unit.
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