Question: of A compary is pricing a job that involves the use of 20 hours of skilled labour and 60 hours of unskilled labour within next
of A compary is pricing a job that involves the use of 20 hours of skilled labour and 60 hours of unskilled labour within next week. The existing 2 skilled workers are paid 20/h with a minimum weekly wage of 800 per worker. Each worker is currently working only 34 hours a week. If workers work more than 40h/week, an overtime premium of 10/h has to be paid in addition to the regular hourly rate. The short-term relevant cost for the required skilled labour is The unskilled workers are currently fully utilised. They are each paid 10/h for their regular working hours; for any overtime hours they are paid 15/h. Additional workers may be hired for 13 per hour The short-term relevant cost for the required unskilled labour is Therefore, the total short-term relevant cost of labour (skilled+unskilled) for this job is (Insert just the plain number, without e-sign and without any comma to separate groups of thousand)
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