Per hour costs and units
gareth1985
Registered Posts: 24
Hi there,
this looks straight forward but I'm struggling a bit with this. I don't understand the question 100%.
The basic pay structure and bonus pay makes sense, but I just want to know how does the 30 units equal at £1.50?
Please help.
Thanks,
Gareth
this looks straight forward but I'm struggling a bit with this. I don't understand the question 100%.
The basic pay structure and bonus pay makes sense, but I just want to know how does the 30 units equal at £1.50?
Please help.
Thanks,
Gareth
0
Comments
-
Hi Gareth,
So...
If Justin works 35 hours a week and his output is 10 units an hour: 35x10: 350 - this is his standard production and what he is budgeted to make. His actual units are 380, so if you take the actual units - budgeted units (380-350) you will see that he made 30 more than he was budgeted to do. Any unit extra he produces is paid a bonus of £1.50 (30 units x £1.50) = £45.
Has this helped at all? If not I will try and explain it another way.
VickieAATQB - Studying Level 41 -
Hi Vickie, thanks a lot for your helpful quick reply.
I understand how that works perfectly now.
0
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