In your role as a compensation analyst, you have been assigned to calculate and compare the estimated costs of hiring full-time and part-time employees in anticipation of staffing a project. It will take 100,000 work hours to complete the project, and the project must be completed within a five workweek period. The workweek runs Monday through Friday, with the daily hours of 8 a.m.to 4 p.m. Full-time workers provide 40 hours of weekly service. Part-time workers provide 20 hours of weekly service. Assume that the hourly wage rate for full-time workers is $20, and the rate is $12 for part-time workers. Both categories of workers perform the same sets of tasks. Also, assume that costs of benefits equal the amounts displayed in Table 12-20, Questions: 12-11. Based exclusively on employing full-time workers, (a) How many are needed to complete the project? (b) What is the estimated total cost of wages and benefits? 12-12. Based exclusively on employing part-time workers, (a) How many are needed to complete the project? (b) What is the estimated total cost of wages and benefits? 12-13. Assume that your company has asked you to calculate the cost of staffing the project with a combination of full- and part-time workers. You've already hired 225 full-time workers. (a) How many part-time workers should you hire? (b) What is the total cost of wages and benefits based on employing this mix of full- and part time workers? Table 12-2 Employers' Hourly Costs for Full- and Part-Time Employee Benefits, March 2018 Benefit Full-Time ($) Part-Time ($) Total hourly benefits costs 12.72 3.72 Paid leave 3.05 0.52 Supplemental pay 1.68 0.27 Insurance 3,41 0.80 Retirement and savings 1.63 0.36 Legally required benefits 2.95 1.78 Source: U.S. Bureau of Labor Statistics. (2010). Employer Costs for imployee Compensation March 2018. USDL: 16-0944. Accessed July 22. 2018. at http://www.goo. Companies also save on overtime pay expenses. Hiring part-time workers during peak business periods minimizes overtime pay costs. As we discussed in Chapter 20, the Fair Labor Standards Act of 1938 (FLSA) requires that companies pay nonexempt employees at a