Joba Company uses differential piece rate to motivate its employees. 75% of piece rate below standard and 110% of piece rate at above standard. Worker A produces 150 units per day and worker B produces 180 units per day. Normal rate per hour is $2.20 and standard time per unit is 3 minutes. Assuming standard working hour is 8 hours per day, calculate the Low Piece Rate. Select one: a. $0.10 per unit b. $0.08 per unit c. $0.12 per unit d. $0.11 per unit
Joba Company uses differential piece rate to motivate its employees. 75% of piece rate below standard and 110% of piece rate at above standard. Worker A produces 150 units per day and worker B produces 180 units per day. Normal rate per hour is $2.20 and standard time per unit is 3 minutes. Assuming standard working hour is 8 hours per day, calculate the Low Piece Rate. Select one: a. $0.10 per unit b. $0.08 per unit c. $0.12 per unit d. $0.11 per unit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Joba Company uses differential piece rate to motivate its employees. 75% of piece rate below standard and 110% of piece rate at above standard. Worker A produces 150 units per day and worker B produces 180 units per day. Normal rate per hour is $2.20 and standard time per unit is 3 minutes. Assuming standard working hour is 8 hours per day, calculate the Low Piece Rate.
Select one:
a. $0.10 per unit
b. $0.08 per unit
c. $0.12 per unit
d. $0.11 per unit
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