refer to problem 1.13. The pay will be $8 per hour for employees. Charles lacket
ID: 400919 • Letter: R
Question
refer to problem 1.13. The pay will be $8 per hour for employees. Charles lacket can also improve the yield by purchasing a new blender. The new blender will mean an increase in his investment .This added investment has a cost of $100 per month, but will achieve the same output(increase to 1,875) as the change in labor hours. What is a better decision? A) Show the productivity change, in loaves per dollar, with an increase in labor cost(from 640 to 800) B) Show the new productivity, in loaves per dollar, with onlt an increase in investement ($100 per month more). C) Show the % productivity change for labor and investement.Explanation / Answer
1 Determine your hourly rate. If you are an hourly employee already, this number should be listed on your paycheck. If you are a salaried employee, you can determine how much money you make per hour by dividing your gross pay by the number of hours reflected on your paycheck stub. For instance, if your stub reflects two weeks, divide your gross pay by 80 hours. Hours worked over or under the standard 40-hour workweek are not counted for salaried employees. 2 Determine your overtime hourly rate. Most companies pay overtime at the rate of 1 ½ times your normal hourly rate. For instance, if you make $8 per hour during the regular work period, your overtime rate would be $12 per hour. 3 Determine how many hours you work in one year. If you are a full-time employee, you will usually work 40 hours per week. You base salary will be your hourly rate times 2080 hours (40 hours per week x 52 weeks per year). If you regularly work overtime, you will need to multiply your overtime hourly rate to the number of overtime hours worked and add that total to your base salary to determine your annual salary. Salaried employees do not get to calculate overtime hours into their annual salary as they are generally not compensated for hours worked over 40. 4 Add tips. If you are a tipped employee, you will need to add your tips for the year to your base salary to determine your annual salary.
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