Labor Information Regular Rate $15.00/hr Overtime Rate $24.50/hr Targeted Labor Cost $12,000/wk Labor Hours Needed 800/wk Any hour worked over 40 hrs/wk must be paid overtime rate 27 67 320 1000 7840 For a 12-person team, on average, how many overtime hours will each person need to work?

Labor Information Regular Rate $15.00/hr Overtime Rate $24.50/hr Targeted Labor Cost $12,000/wk Labor Hours Needed 800/wk Any hour worked over 40 hrs/wk must be paid overtime rate 27 67 320 1000 7840 For a 12-person team, on average, how many overtime hours will each person need to work?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Question

Labor Information
Regular Rate $15.00/hr
Overtime Rate $24.50/hr
Targeted Labor Cost $12,000/wk
Labor Hours Needed 800/wk
Any hour worked over 40 hrs/wk must be paid overtime rate

320

1000

7840

For a 12-person team, on average, how many overtime hours will each person need to work?

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