Scanlon plans represent a? group-level incentive plan that provides payouts based on whether the implementation of...

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Scanlon plans represent a? group-level incentive plan thatprovides payouts based on whether the implementation of proposalsfor labor costs savings are successful. Among the importantdetermining factors is the calculation of Scanlon ratios? (laborcosts? / sales value of? production). Scanlon ratios are comparedto a standard. Payouts are made whenever the Scanlon ratio is lessthan the standard. The Scanlon ratio for 2014 is 0.80 and it is thestandard for comparison. Assume that in 2015 total labor costsamounted to $38,000,000 and sales value of production? (SVOP)amounted to $75,000,000?Also, assume that total labor costs willincrease by 15.0 percent annually and SVOP will increase by 5.0percent annually starting in 2016.
?a) The Scanlon ratio for 2015 will be. 51.
b) The Scanlon ratio for 2016 will be?
c) The Scanlon ratio for 2017 will be?
?d) The Scanlon ratio for 2018 will be?
Round your response to the nearest hundredths place.

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a Total labor cost in 2015 38000000 Sales value of production in 2015 75000000 Scanlon ratio for 2015 Total labor cost in 2015 Sales value of production in 2015 38000000 75000000 05066 051 rounded to nearest hundredths place b Growth rate of labor costs 15 Growth rate of SVOP 5 Total labor cost in 2016 Total See Answer

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Scanlon plans represent a? group-level incentive plan thatprovides payouts based on whether the implementation of proposalsfor labor costs savings are successful. Among the importantdetermining factors is the calculation of Scanlon ratios? (laborcosts? / sales value of? production). Scanlon ratios are comparedto a standard. Payouts are made whenever the Scanlon ratio is lessthan the standard. The Scanlon ratio for 2014 is 0.80 and it is thestandard for comparison. Assume that in 2015 total labor costsamounted to $38,000,000 and sales value of production? (SVOP)amounted to $75,000,000?Also, assume that total labor costs willincrease by 15.0 percent annually and SVOP will increase by 5.0percent annually starting in 2016.?a) The Scanlon ratio for 2015 will be. 51.b) The Scanlon ratio for 2016 will be?c) The Scanlon ratio for 2017 will be??d) The Scanlon ratio for 2018 will be?Round your response to the nearest hundredths place.