Calculate her gross pay (in $) if she is paid on the following differential piecework schedule.
Calculate her gross pay (in $) if she is paid on the following differential piecework schedule.
Practical Management Science
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ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question
3.Rachael has a job assembling a certain car accessory.
Last month she made a total of 424 items. Calculate her gross pay (in $) if she is paid on the following differential piecework schedule.
| Pay Level | Items produced | Rate per Item |
|---|---|---|
| 1 | 1–160 | $9.98 |
| 2 | Over 160 | $11.61 |
$
Expert Solution
Step 1
Piecework basis means a n employee gets paid a set amount per unit produced under a piecework arrangement. Patty, for example, receives $20 for each garment she completes. She gets paid $200 each day if she accomplishes 10 suits in one day. Employees are sometimes given a basic salary as well as a piecework rate.
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