Question

As explained in the Help section for the Workforce Compensation, Training, and Product Assembly decision screen, if (1) a company pays a drone PAT member an annual base wage of $24,000, an $800 year-end bonus for perfect attendance, and provides a company-paid annual fringe benefits package worth $3,200 and (2) a PAT is paid a $4 assembly quality incentive per UAV drone assembled that is equally divided among 4 PAT members, then if a drone PAT's productivity is 1500 drones per year then what would be the annual total compensation cost of a fully-staffed PAT and the total compensation cost per drone assembled?
*Please provide me with a step by step process how to solve the problem. Thanks

Answer 1

If the Workforce Compensation, Training, and Product Assembly decision screen, if (1) a company pays a drone PAT member an annual base wage of $24,000.  What would be the annual total compensation cost of a fully-staffed PAT and the total compensation cost per drone assembled is: $97.33.

Income of single PAT member $28,000

($24,000+$800+$3,200)

Annual income for 4 PAT members $112,000

($28,000×4)

Annual quality incentives $6,000

(4× 1,500)

Total labor cost  $146,000

($28,000+$112,000+$6,000)

Drones assembled 1,500

Total labor cost for each drones assembled $97.33

($146,000÷1,500)

Inconclusion if the Workforce Compensation, Training, and Product Assembly decision screen, if (1) a company pays a drone PAT member an annual base wage of $24,000.  What would be the annual total compensation cost of a fully-staffed PAT and the total compensation cost per drone assembled is: $97.33.

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