3. A man is paid at $9.60 per hour for a 40-hour week and he is paid at time-and-a-half for overtime. Find how many hours he worked overtime when his wage for a certain week was $528.00.
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- Mack’s guitar fabrication shop produces low-cost, highly durable guitars for beginners. Typically, out of the 100 guitars thatbegin production each month, only 80 percent are consideredgood enough to sell. The other 20 percent are scrapped due toquality problems that are identified after they have completedthe production process. Each guitar sells for $250. Becausesome of the production process is automated, each guitar onlyrequires 10 labor hours. Each employee works an average160 hours per month. Labor is paid at $10/hour, materials costis $40/guitar, and overhead is $4,000.a. Calculate the labor and multifactor productivity ratios.b. After some study, the operations manager Darren Funkrecommends three options to improve the company’smultifactor productivity: (1) increase the sales price by10 percent, (2) improve quality so that only 10 percentare defective, or (3) reduce labor, material, and overheadcosts by 10 percent. Which option has the greatest impacton the multifactor…Jane Reed bakes breads and cakes in her home for parties and other affairs on acontract basis. Jane has only one oven for baking. One particular Monday morningshe finds that she has agreed to complete five jobs for that day. Her husband Johnwill make the deliveries, which require about 15 minutes each. Suppose that shebegins baking at 8:00 A.M.Job Time Required Promised Time1 1.2 hr 11:30 A.M2 40 min 10:00 A.M.3 2.2 hr 11:00 A.M.4 30 min 1:00 P.M.5 3.1 hr 12:00 NOON6 25 min 2:00 P.M.Determine the sequence in which she should perform the jobs in order tominimizea. Mean flow time.b. Number of tardy jobs.c. Maximum lateness.The topic is about Quantitive analysis and decision making. Problem: A firm just completed a new plant that will producemore than 500 different products, using morethan 50 different production lines and machines.The production scheduling decisions are criticalin that sales will be lost if customer demands arenot meet on time. If no individual in the firmhas experience with this production operationand if new production schedule must begenerated each week, why should the firmconsider a quantitative approach to theproduction scheduling problem?
- Note: In this chapter and in all succeeding work throughout the course, unless instructed otherwise, calculate hourly rates and overtime rates as follows: 1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate). 2. If the third decimal place is 5 or more, round to the next higher cent. 3. If the third decimal place is less than 5, simply drop the third decimal place. Examples: Monthly rate $1,827Weekly rate ($1,827 × 12)/52 = $421.615 rounded to $421.62Hourly rate $421.62/40 = $10.540 rounded to $10.54O.T. rate $10.54 × 1.5 = $15.81 Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow. Paying Less Than the Minimum Wage Under certain conditions, wages lower than the minimum wage may be paid to some employees. Tipped employees. A training wage allows employers to pay $4.25…This year, Druehl, Inc., will produce 57,600hot water heaters at its plant in Delaware, in order to meetexpected global demand. To accomplish this, each laborer atthe plant will work 160 hours per month. If the labor produc-tivity at the plant is 0.15 hot water heaters per labor-hour,how many laborers are employed at the plant?7. A and B are started working for a company in similar jobs on January 1, 2020. A’s initial monthly salary was OMR 500, which increases by OMR 50 after every year. B's initial monthly salary was OMR 600, which increases by OMR 10 after every six months. If these arrangements continue till December 31, 2030. Find the total salary they will receive during that period.
- Manufacturers Inc. (MI) currently has a labor force of 10, which can produce 600 units per period. The labor cost is now $5000 per period per employee. The company has a long-standing rule that does not allow it to make use of any overtime. In addition, the product cannot be subcontracted, due to the specialized nature of the machinery that MI uses to produce it. As a result, MI can only increase/decrease production by hiring or laying off employees. The cost is $10000 to hire or lay off an employee. Inventory carrying costs are $200 per unit for any unsold items at the end of the period. The inventory level at the beginning of period 1 is 400 units. The forecast demand is 700 in period 1,600 in period 2,450 in period 3, 250 in period 4,500 in period 5, and 550 in period 6. a.) Compute the costs of the Chase Demand Strategy. b.) Compute the costs of the Level Strategy c.) Compare the costs of the two strategies. Which one is superior?Manufacturers Inc. (MI) currently has a labor force of 10, which can produce 600 units per period. The labor cost is now $5000 per period per employee. The company has a long-standing rule that does not allow it to make use of any overtime. In addition, the product cannot be subcontracted, due to the specialized nature of the machinery that MI uses to produce it. As a result, MI can only increase/decrease production by hiring or laying off employees. The cost is $10000 to hire or lay off an employee. Inventory carrying costs are $200 per unit for any unsold items at the end of the period. The inventory level at the beginning of period 1 is 400 units. The forecast demand is 700 in period 1,600 in period 2,450 in period 3, 250 in period 4,500 in period 5, and 550 in period 6. a.) Compute the costs of the Chase Demand Strategy.Pam's business earns $33,000 per month. Pam's non-employee expenses are $13,500 per month. If Pam wants $4,500 in profit per month, how many employees can she employ if each employee costs $3,000 per month? A. 2.5 employees B. 5 employees C. 6 employees D. 4 employees
- Given the following for a retail property: This property is occupied by a single tenant: Net Rentable Space 10,000 sq. ft. Lease Rate $18.00 per sq. ft. per year Real Estate Taxes $ 1.75 per sq. ft. per year Operating Expenses $ 0.55 per sq. ft. per year Insurance $ 0.06 per sq. Ii. per year Actual Gross Sales $2,200,000 Base Sales as per Lease $2,000,000 Percentage Lease Clause 4.0% What is the amount of rent due on a per sq. ft. basis (per year) ifthe tenant has a "net net"_ (NN)Jease and a "percentage lease clause" in the lease? Please provide proper keystrokes for the BAii Plus and Gualifier Plus IIIfx calculators. Thank you!Mr. Hussain is an accountant, Ms. Saada is the Product manager, Mr. Said is the company driver, while Ms. Thuraya is the sales agent in Kia Motors Nizwa. If the company had authorized of these staff to spend the company money to bring in more revenue for the company, who do you think it will be? a. Thuraya b. Said c. Saada d. HussainA machine tool company conducts a job-training programme at a ratio of one for everyten trainees. The training programme lasts for one month. From past experience it has been found thatout of 10 trainees hired, only seven complete the programme successfully. (The unsuccessful traineesare released). Trained machinists are also needed for machining. The company's requirement for thenext three months is as follows:January: 100 machinists, February: 150 machinists and March: 200 machinists.In addition, the company requires 250 trained machinists by April. There are 130 trained machinistsavailable at the beginning of the year. Pay roll cost per month is:Each trainee Rs. 400/- per month.Each trained machinist (machining or teaching): Rs. 700/- p.m.Each trained machinist who is idle: Rs.500/- p.m.(Labour union forbids ousting trained machinists). Build a l.p.p. for produce the minimum costhiring and training schedule and meet the company’s requirement.