ABC corporation employees 300 workers as a team. When production of the team exceeds the standard production
Question:
ABC corporation employees 300 workers as a team. When production of the team exceeds the standard production of 1000 pieces per hour. Each employee in the team is paid a bonus for the excess production in addition to
wages at hourly rates.
The bonus is computed as follows, the percentage of production in excess of the standard quantity is found and five percent is regarded as the employee share. Each employee in the team is paid as a bonus percentage of a wage rate of $30 per hour. There is no relationship between the individual workers' hourly rate and the bonus rate.
The following is one week's record:
Dayshours workedProduction
Monday600600,000
Tuesday500600,000
Wednesday400550,000
Thursday300500,000
Friday300450,000
Total 2,1002,700,000
During the week, Paul worked 40 hours and was paid $20 per hour. Margaret also worked 40 hours and was paid $20.
Calculate:
1.The bonus for the Team
2.The bonus rate for the week
3.Total pay for Paul and Margaret
Expert Answer:
ABC Corporation Bonus Calculation 1 Total Excess Production Standard production per hour1000 pieces ... View the full answer
