Davenport, Inc. is a nonunion company that wants to be more wage and benefit competitive with...
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Davenport, Inc. is a nonunion company that wants to be more wage and benefit competitive with nonunion companies. It currently pays the rates shown in the table above. Davenport, Inc. has asked you to figure out its costs, if it makes the following changes to improve its wage and benefit package: Wages - increase from $26.08 to $28 Insurance increase from $3.08 to $5.25 Retirement Savings - increase from $1.71 to $3.00 All other benefit costs remain the same. (a) What will total compensation (wages and benefits) cost per hour? (b) Based on your answer to percentage? (a), Davenport's total compensation cost increases by what 2-15. If Davenport only increases wages and salaries to $28.94 (the union hourly rate) but keeps all benefits at nonunion rates, what will the increase in total compensation be for 100 employees who work 2080 hours per year? b P Perp Davenport, Inc. is a nonunion company that wants to be more wage and benefit competitive with nonunion companies. It currently pays the rates shown in the table above. Davenport, Inc. has asked you to figure out its costs, if it makes the following changes to improve its wage and benefit package: Wages - increase from $26.08 to $28 Insurance increase from $3.08 to $5.25 Retirement Savings - increase from $1.71 to $3.00 All other benefit costs remain the same. (a) What will total compensation (wages and benefits) cost per hour? (b) Based on your answer to percentage? (a), Davenport's total compensation cost increases by what 2-15. If Davenport only increases wages and salaries to $28.94 (the union hourly rate) but keeps all benefits at nonunion rates, what will the increase in total compensation be for 100 employees who work 2080 hours per year? b P Perp
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