Find the effective gross hourly cost

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Reference no: EM132080923

Question: A tool and die worker is paid $17.50 per hour. The work year consists of 52 40-hour weeks with overtime schedules for 26 Saturdays. The company allows 8 paid holidays and 10 days of vacation.

Four days of sick leave are budgeted and have historically been used. Expected non-chargeable hours are 4%. There is no subsidy for performance. Non-hourly costs include FICA taxes at current governmental rate,

Workmen's compensation at 4% of regular wages up to $15,000,

Accident insurance sum of $850,

A major supplemental medical plan for $450, and

Unemployment insurance of $1,200.

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 95%?

Reference no: EM132080923

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