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Under a modified wage plan, Rochelle works an eight-hour day (five days per week) and earns $3.00 for each finished unit she produces. However, she
Under a modified wage plan, Rochelle works an eight-hour day (five days per week) and earns $3.00 for each finished unit she produces. However, she is guaranteed $20 per hour as a minimum wage (calculated daily). Her production this week was as follows: What were Rochelle's total earnings for the week? _____ How much was the make-up guarantee paid to Rochelle for the week? _____ In the past, employee health benefits for factory workers (medical insurance premiums) were often considered a period cost, not a product cost. Under the Affordable Care Act, employers with 50 or more full time employees incur penalties if they don't provide a defined minimum level of health coverage for their employees. Do you think medical insurance premiums paid by employers for factory workers should still be considered a period cost? Why or why not
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