Aero Company Has Implemented a Gain Sharing Compensation Plan for Its

question 38

Multiple Choice

Aero Company has implemented a gain sharing compensation plan for its production employees. The plan is a Scanlon plan and the base period payroll costs are $10,000. The value of production in the base period was $100,000. The plan calls for labor savings to be added to, or excess labor costs to be deducted from, the bonus pool each quarter. The payroll costs and value of production in each quarter of the current year were:
-The labor savings for Quarter 1 are:

• A)($2,000).
• B)($1,000).
• C)$1,000.
• D)$2,000.

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Definitions:

Alkanes

Hydrocarbons containing only single bonds between carbon atoms, with the general formula CnH2n+2.

Solvents

Substances that dissolve a solute, resulting in a solution; typically liquids but can also be solid or gas.

Non-Reactive

A term describing substances that do not easily undergo chemical reactions or bond with other substances.

Lewis Structure

A graphical representation that depicts the bonding between atoms of a molecule and the lone pairs of electrons that may exist.