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Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

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BuyFindarrow_forward

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

Bob Farrell works for a company that manufactures small appliances. Bob is paid $2.00 for each toaster, $4.60 for each microwave oven, and $1.55 for each food blender he assembles. If he produced 56 toasters, 31 microwave ovens, and 79 blenders, what were his total weekly gross earnings?

To determine

To calculate: The total weekly gross pay for Bob Farrell who works at a company that manufactures small appliances. For each toaster, each microwave oven and each food blender Bob assembles he earns $2.00, $4.60 and $1.55 respectively. In a week he produced 56 toasters, 31 microwave ovens and 79 food blenders.

Explanation

Given Information:

The provided numbers of toaster, microwave oven and food blender Bob assembled in a week are 56, 31 and 79 respectively and he earns $2.00 for each toaster, $4.60 for each microwave oven and $1.55 for each blender.

Formula used:

To calculate gross pay by differential piecework:

Step 1. Calculate the pay at each level by multiplying the output units and the rate per unit for that level.

Level pay=Output quantity×Rate per unit

Step 2. Calculate the total gross pay by adding the pays from each level.

Calculation:

To find total gross pay for Bob who assembled 56 toasters, 31 microwave ovens and 79 food blenders, calculate his pay by the pay schedule for different appliances and then add the totals.

Now to calculate his pay for toasters, consider number of toasters he assembled and rate of per toaster,

56 and $2.00

Apply the formula, Level pay=Output quantity×Rate per unit:

Pay for toasters=56×2.00

As,

      56× 2.00_112.00__

So, Pay for toasters=$112.00.

Now to calculate his pay for microwave ovens, consider number of microwave ovens he assembled and rate of per microwave oven,

31 and $4.60

Apply the formula, Level pay=Output quantity×Rate per unit:

Pay for microwave ovens=31×4.60

As,

    4.60×     31_4 60138 0  _142

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