The Tricon Company pays its workers on a 60 percent gain-sharing plan, with bonus pay beginning at 80 percent of standard. The standard is 400 units per 40-hour week. Mary Romaraz, whose base pay is $7.10 per hour, produced 430 units last week. a. What is Mary’s gross pay for the week? b. What is the unit labour cost at 60 percent of standard? c. At standard? d. At Mary’s rate of work last week?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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The Tricon Company pays its workers on a 60 percent gain-sharing plan, with bonus pay beginning at 80 percent of standard. The standard is 400 units per 40-hour week. Mary Romaraz, whose base pay is $7.10 per hour, produced 430 units last week.

a. What is Mary’s gross pay for the week?

b. What is the unit labour cost at 60 percent of standard?

c. At standard?

d. At Mary’s rate of work last week? 

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