Q.2 (a) The following information relates to one week's earnings for three employees in a company:...

  

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Q.2 (a) The following information relates to one week's earnings for three employees in a company: Employees: Anne Mary Sean Hours worked 40 hrs 39 hrs 45 hrs Units produced 15 units 20 units 25 units Required: 1. Employees work a standard 39 hour week. Calculate the gross pay earned by Anne, Mary and Sean if they are paid a basic rate of €15 per hour for the first 39 hours worked and overtime worked is paid at time and a half. (3 marks) 2. What would gross pay for the above three employees amount to if instead they were paid based on a piecework system at a piecework rate of €30 per unit produced, but with earnings guaranteed at 80% of basic pay (including overtime) if the employee fails to earn this amount? (3 marks) If the company introduced a premium bonus in which employees receive 50% of time saved in addition to basic pay, what bonus would be payable to Anne, Mary and Sean if the standard time allowed per unit was 2 hours? (3 marks) Q.2 (a) The following information relates to one week's earnings for three employees in a company: Employees: Anne Mary Sean Hours worked 40 hrs 39 hrs 45 hrs Units produced 15 units 20 units 25 units Required: 1. Employees work a standard 39 hour week. Calculate the gross pay earned by Anne, Mary and Sean if they are paid a basic rate of €15 per hour for the first 39 hours worked and overtime worked is paid at time and a half. (3 marks) 2. What would gross pay for the above three employees amount to if instead they were paid based on a piecework system at a piecework rate of €30 per unit produced, but with earnings guaranteed at 80% of basic pay (including overtime) if the employee fails to earn this amount? (3 marks) If the company introduced a premium bonus in which employees receive 50% of time saved in addition to basic pay, what bonus would be payable to Anne, Mary and Sean if the standard time allowed per unit was 2 hours? (3 marks)

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