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CoursHeroTranscribedText: production rate of 30 units per hour. 4,100 percent bonus plan. West-Chester, Inc., produces...

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Accounting

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CoursHeroTranscribedText: production rate of 30 units per hour. 4,100 percent bonus plan. West-Chester, Inc., produces printed circuits for the electronics in- dustry. The firm has recently initiated a 100 percent bonus plan with standard production set at 50 units per hour. The company employs 10 workers on an 8-hour shift at $8 per hour. Depreciation on plant equipment is $9.00 per hour, and other overhead is applied at $7.00 per hour. Production for the first week under the 100 percent bonus plan was: UNITS Monday...... 3,800 Tuesday. 4,500 Wednesday 4,600 Thursday...." 4,500 Friday . ... 4,400 Management is interested in appraising the results of the new incentive wage plan. Required: A schedule showing employee earnings, unit labor cost, unit overhead cost, and con- version cost per unit. (Round off unit costs to three decimal places.)

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