Operations Management: Processes and Supply Chains (11th Edition)
Operations Management: Processes and Supply Chains (11th Edition)
11th Edition
ISBN: 9780133872132
Author: Lee J. Krajewski, Manoj K. Malhotra, Larry P. Ritzman
Publisher: PEARSON
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Chapter 10, Problem 3AME
Summary Introduction

Interpretation: Determination of affect as a result of an increase in the number of workers, hiring cost $1100

Concept Introduction: Temporary use of an employee or worker or something for a particular cost i.e., agreed payment is called hiring cost.

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If the workers required for the current month is 65 and prior month is 48, calculate the hiring cost for the current month, if the hiring rate is $250 per worker.
After selection of an Employee, the Human Resource Department has decided the following salary breakup:      Basic Pay =     Rs.150 (Per Regular hrs.)  + Rs.200 (Per Week Bonus) NOTE: Employees’ regular working hours per week are 40hrs. If Employee’s working hours Per Week = 65hrs (40 regular hrs.  25 overtime hrs.) Then calculate the following: Calculate the actual regular pay rate per hour. Calculate the overtime rate per hour. Calculate the Total pay for a month.
After selection of an Employee, the Human Resource Department has decided the following salary breakup:      Basic Pay = Rs.150 (Per Regular hrs.) + Rs.200 (Per Week Bonus) NOTE: Employees’ regular working hours per week are 40hrs. If Employee’s working hours Per Week = 65hrs (40 regular hrs. 25 overtime hrs.) Then calculate the following: i. Calculate the actual regular pay rate per hour. ii. Calculate the overtime rate per hour. iii. Calculate the Total pay for a month
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