An executive receives an annual salary of Php600,000 and his secretary salary of Php180,000. A certain task can be performed by the executive working alone in 4 hours. If he delegates the task to his secretary it will require him 30 minutes to explain the work and another 45 minutes to check the finished work. Due to the unfamiliarity of the secretary to do the task, it takes her an additional time of 6 hours after being instructed. Considering salary cost only, determine the cost of performing the task by each method, If the secretary works 2400 hours a year and the executive 3,000 hours a year
An executive receives an annual salary of Php600,000 and his secretary salary of Php180,000. A certain task can be performed by the executive working alone in 4 hours. If he delegates the task to his secretary it will require him 30 minutes to explain the work and another 45 minutes to check the finished work. Due to the unfamiliarity of the secretary to do the task, it takes her an additional time of 6 hours after being instructed. Considering salary cost only, determine the cost of performing the task by each method, If the secretary works 2400 hours a year and the executive 3,000 hours a year
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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An executive receives an annual salary of Php600,000 and his secretary salary of
Php180,000. A certain task can be performed by the executive working alone in 4
hours. If he delegates the task to his secretary it will require him 30 minutes to
explain the work and another 45 minutes to check the finished work. Due to the
unfamiliarity of the secretary to do the task, it takes her an additional time of 6
hours after being instructed. Considering salary cost only, determine the cost of
performing the task by each method, If the secretary works 2400 hours a year and
the executive 3,000 hours a year
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