Consider an average hourly rate of $70 and an average of 1800 hours worked per employee per

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Question:

Consider an average hourly rate of $70 and an average of 1800 hours worked per employee per year for the 40 employees. They do 7 hour shifts.

Calculate what a company could lose in each scenario;

1- Actual hours worked by 10 employees are not valid, estimated at 7 hours per month per employee, because some employees swiped cards for other employees.

2- Payroll calculation errors occurred during the payroll processing representing an estimated overpayment of 15,000 hours for the year among the 40 employees

3- The factory supervisor, to whom is given the pay packets of the night shift staff, got the cash stolen five time this year. (10 employees work the night shift)