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Homework answers / question archive / Bruce Eaton is paid 10 cents per unit under the piece-rate system
Bruce Eaton is paid 10 cents per unit under the piece-rate system. During one week, Eaton worked 46 hours and produced 5,520 units. Compute the following:
The total earnings $ ____________
Computation of Total Earnings:
Total Earnings = Piece Rate Earnings + Overtime Earnings
Here,
Piece Rate Earnings = Units Produced*Piece Rate per Unit = 5,520 units*$0.10 = $552
Overtime Earnings = Overtime Hours Worked * Overtime Hourly Rate = (46 hours - 40 hours)*(($552/46 hours)*0.50)
= 6 hours*$6 = $36
Total Earnings = $552 + $36 = $588
