Find the effective gross hourly cost

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Reference no: EM131482692

A tool and die worker is paid $26.50 per hour. The work year consists of 52 40-hour weeks with

overtime schedules for 26 Saturdays.

-The company allows 8 paid holidays and 20 days of vacation.

-Four days of sick leave are budgeted and have historically been used.

-Expected non-chargeable hours are 7%.

-There is no subsidy for performance.

-Non-hourly costs include FICA taxes at current governmental rate,

-Workmen’s compensation at 4.75% of regular wages up to $16,350,

-Accident insurance sum of $1050,

-A major supplemental medical plan for $460, and

-Unemployment insurance of $1600.

A. Find the effective gross hourly cost.

B. What is the job cost if a job will require 10 man-hours with a productivity of 94%?

Reference no: EM131482692

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