Management of the Robinson Manufacturing Company Requests That You Calculate

question 19

Essay

Management of the Robinson Manufacturing Company requests that you calculate the effect of two different wage payment plans upon employee earnings and also on the unit labor cost of Product B12.
The following information is available: Ten pieces of Part 1567 are required for one unit of Product B12.The plant works a 5-day week and an 8-hour day,totaling 40 hours per week.No overtime premium pay is to be considered in your analysis.
During a selected week,the following pieces of Part 1567 were produced: An agreement with the union requires a minimum rate of $10.00 per clock hour be paid to employees.
a.Calculate the labor cost each day of the week for an employee under:
(1)
the hourly-rate plan.(2)
the piece-rate plan.
b.If the company could anticipate a steady production level of 250 units of Part 1567 each day,which plan would you recommend to the company's management? Why?

Identify the unique aspects and techniques of cognitive therapy.

Understand the integrative or eclectic approach in psychotherapy.

Recognize the role, qualifications, and approaches of different mental health professionals.

Understand historical and modern methods for treating psychological disorders.

---

Definitions:

Weighted-Average Method

An inventory costing method that assigns an average cost to each unit of inventory, blending old and new stock costs.

Cost Per Equivalent Unit

A calculation used in process costing that determines the cost of producing a single equivalent unit of production, taking into account both completed and partially completed goods.

Materials Cost

The cost associated with the raw materials and components required for the manufacture of products.

Processing Department

A specific section within a manufacturing facility where goods undergo a particular type of processing.