If a company wants an employee to average about $14.00 per hour to produce 60 units...
If a company wants an employee to average about $14.00 per hour to produce 60 units per hour, in addition to a base salary of $7.00 per hour, what should be the incentive rate per hour? A. $0.117 B. $8.54 C. $0.333 D. $1.25
Homework Answers
ANSWER:
Units produced per hour = 60
incentive rate = average rate - base rate = $14 - $7 = $7
incentive rate per hour = incentive rate / units produced per hour = 7 / 60 = $0.117
so the correct answer is option a that is $0.117
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