Mathematics · Cost Accounting and Labor Wages
A company pays its direct production workers a basic time rate of $6.50 per hour. A productivity bonus scheme is introduced based on the formula: Bonus = Time TakenTime Allowed × Time Saved × Hourly Rate The standard time allowed for an operation is 37.5 minutes. During the first week, an employee worked 44 hours and completed 94 operations. What are the gross wages for this employee for the week (rounded to 2 decimal places)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1$381.16✓
- 2$286.00
- 3$354.25
- 4$412.50
Correct answer
$381.16
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