Rhonda is a procurement officer for the government and needs to hire a new plumbing company that she could pay a fixed price per
1 answer:
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Answer:
He would receive $15 under incentive plan.
Explanation:
The given values are:
Average observed time
= 280 seconds per unit
Performance rating
= 105%
i.e.,
= 1.05
Allowance factor
= 13%
i.e.,
= 0.13
So,
⇒
On putting the estimated values, we get
The available time will be:
=
=
Now,
The Standard production per day will be:
=
=
=
Since he generates 100 units, he consumes about 15(00-85,22) units per day well above normal production.
So that he's going to get:
=
= ($)