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Eric works as an associate in one warehouse, one of his job assignments is to perform...

Eric works as an associate in one warehouse, one of his job assignments is to perform inventory counting on one item at the end of every Sunday night. It normally takes him 24 minutes each time. Eric is paid at hourly rate of $18 per hour plus 20% benefit (based on the hourly wage) paid by his employer. If assuming there are 52 weeks every year, what is the total counting cost incurred for this particular SKU per year? Round your answer to the nearest integer.

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Answer #1

Answer: $ 449

The time required by Eric for each counting = 24 minutes = 24 / 60 = 0.40 hours

Cost incurred during each counting( per week) = 0.40 x 18 x 1.2 = $ 8.64

Considering 52 weeks in a year:

Total counting cost per year = 8.64 x 52 = $ 449.28 = $ 449 (Rounding off to nearest integer)

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