Huynh Is a Piece Rate Worker Who Creates Custom Molds

question 67

Multiple Choice

Huynh is a piece rate worker who creates custom molds for a plastics manufacturer. During a 40-hour workweek, he created 22 molds at a piece rate of $38.25 per mold. His hourly rate during the workweek is ________. (Do not round interim calculations. Round final answer to two decimal places.)

• A) $18.38
• B) $21.04
• C) $19.46
• D) $20.96

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Definitions:

Forecasting Risk

The risk associated with the inability to accurately predict future events, costs, or revenues, which can impact decision-making and financial planning.

Maximum Potential Value

The highest theoretical value an investment or business project can achieve under optimal conditions.

Simulation Analysis

A method that uses a model to replicate complex systems and predict their behavior under different scenarios.