Question: Please solve Part II questions steps by steps. I have already solved Part I. Do not use any excel spreadsheet. Part I: Effective cost per
Please solve Part II questions steps by steps. I have already solved Part I. Do not use any excel spreadsheet.
Part I: Effective cost per hour - 1 shift (8 hours) per day - 5 holidays - 7 days vacation - Fringe: 38% of base wage - Base hourly wage: \$11.40 per hour - 30 minute lunch (paid) plus two 15 minute breaks (paid) per day 1. What is the effective cost per hour per employee? Part Il: Reduction in labor cost - Assume 305,025 hours of work needed every year - Productivity increases from 70% to 85% - Round number of workers to whole numbers (below .5, round down; .5 and above, round up) 2. What is the total dollar change in labor expense from this 15% increase in productivity? 3. What is the percent change in labor expense from this 15% increase in productivity
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