Butcher Enterprises has experienced substantial employee turnover among its office workers. During exit interviews more than 80 percent stated that low pay was the top reason for resigning. The company conducted a survey of loca companies' pay practices to confirm whether this concern is valid. Indeed, Butcher Enterprises' average hourly pay rate for total compensation falls well below the market. The compensation survey showed an average hourly rate of $28.00 for total compensation. Of this amount, wages are $26.00 per hour and benefits are $2 per hour. In comparison, Butcher Enterprises spends an average hourly rate of $22 for total compensation. Of this amount, 70 percent is allocated for wages. Butcher Enterprises spends $ 15.40 on wages and $ 6.60 on benefits, respectively, on an average hourly basis. Round your response to the nearest hundreths place. If we assume that each worker provides 2,080 hours of service each year, then the company will spend son wages and $on benefits over the course of one year for 100 office workers. Round your response to the nearest hundreths place.

Butcher Enterprises has experienced substantial employee turnover among its office workers. During exit interviews more than 80 percent stated that low pay was the top reason for resigning. The company conducted a survey of loca companies' pay practices to confirm whether this concern is valid. Indeed, Butcher Enterprises' average hourly pay rate for total compensation falls well below the market. The compensation survey showed an average hourly rate of $28.00 for total compensation. Of this amount, wages are $26.00 per hour and benefits are $2 per hour. In comparison, Butcher Enterprises spends an average hourly rate of $22 for total compensation. Of this amount, 70 percent is allocated for wages. Butcher Enterprises spends $ 15.40 on wages and $ 6.60 on benefits, respectively, on an average hourly basis. Round your response to the nearest hundreths place. If we assume that each worker provides 2,080 hours of service each year, then the company will spend son wages and $on benefits over the course of one year for 100 office workers. Round your response to the nearest hundreths place.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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