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Question - ABC corporation employees 300 workers as a team. When production of the team exceeds the standard production of 1000 pieces per hour. Each employee in the team is paid a bonus for the excess production in addition to wages at hourly rates.
The bonus is computed as follows, the percentage of production in excess of the standard quantity is found and five percent is regarded as the employee share. Each employee in the team is paid as a bonus percentage of a wage rate of $30 per hour. There is no relationship between the individual workers' hourly rate and the bonus rate.
The following is one week's record:
Days
Hours Worked
Production
Monday
600
600,000
Tuesday
500
Wednesday
400
550,000
Thursday
300
500,000
Friday
450,000
Total
2,100
2,700,000
During the week, Paul worked 40 hours and was paid $20 per hour. Margaret also worked 40 hours and was paid $20.
Required -
1. Calculate the bonus for the Team?
2. Calculate the bonus rate for the week?
3. Calculate the Total pay for Paul and Margaret?
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