A Worker at Robix Paid Under a Straight Piecework Rate

question 121

Multiple Choice

A worker at Robix paid under a straight piecework rate made $12.75 an hour this week. If each unit took the employee twelve minutes to produce, the piece rate is __________ per unit.

• A)$1.95
• B)$2.55
• C)$2.95
• D)$3.15

---

Definitions:

Net Income

The amount of revenue left over after deducting all expenses, taxes, and costs from total revenue.

Cost of Goods Sold

The direct costs attributable to the production of goods sold by a company, including materials and labor.

Contra-Asset

An account on a company's balance sheet that reduces the value of an asset, often used for accumulated depreciation.

Current Asset

Any asset that is expected to be converted into cash within one year or within the normal operating cycle of a business.