Standard production for assembly operation A94 is 20 units per hour. For the first week in may 2011, a workers record shows the following DAYS UNITS HOURS Monday 140 8 Tuesday 160 8 Wednesday 175 8 Thursday 180 8 Friday 200 8 REQUIRED Compute the emplyees earnings under each of the following conditions(carry all computation to three decimal place): 1. An incentive plan is use with guaranteed rate of K9.00 per hour and premium of 60% of the time saved on productions in excess of standard for each day. 2. A piecework plan with rates of K0.40 per unit below standard, K048.00at standard and up to 20% above standard, and K0.56 per unit for all production when output exceeds 20% above standard. Each day is computed independently. 2. A 100-percent bonus plan is used, with a base usage of K9.00 per hopur. The bonus is computed on the total production for the week.
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