Please solve all questions of this problem steps by steps. Please show me your calculations...

70.2K

Verified Solution

Question

Accounting

Please solve all questions of this problem steps by steps. Please show me your calculations of the answers. Please do not use any excel spreadsheets. I will high rate your work. Thanks a lot.
image
image
Problem 7: Labor Cost * 1 shift per day ( 10 hours) * 4-day workweek * 6 holidays * 10 days of vacation * Base pay =$17.00/ hour * Fringe =35% of base wage * 30 minute lunch (not paid); two 15-minute breaks (not paid) *Do not round hours; keep 2 decimal places when calculating productivity * When determining number of workers needed, round up when .5 or more, round down when less than .5 24. What is the effective average cost per hour per worker at 100% productivity? a. $22.42 b. $24.85 c. $24.45 d. none of the above 25. Assume current productivity is 70%. Scenario 1: Calculate the total labor cost for the DC at this level of productivity. Assume 350,000 hours of work required for the year. Scenario 2: Now assume that each worker will work 2 additional hours for each day available for work (overtime) for 1.5 times the base rate per hour for each overtime hour. This overtime will increase worker productivity to 85%. How much will the DC save (lose) in total labor cost for implementing Scenario 2 versus Scenario 1 ? a. $1,471,670.00 b. $1,415,569.50 c. $1,413,576.96 d. none of the above

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students