Case 3: Support Group Too Much Motors' service department is organized using the support group approach. During the past week all six technicians in the group worked 42 hours. Because they are on a support group pay plan, Cathy, the team leader, is paid an extra $1 on top of what she already earns, for every flat-rate hour produced by the entire team for her efforts on guiding and directing them. The flat-rate hours and flat-rate pay for the technicians are: Fred - 40 hrs. @ $16; Kevin - 44 hrs. @ $18; Josh - 34 hrs. @ $12 Cathy 62 hrs. @ $24; Sal - 56 hrs. @ $17; Curtis - 58 hrs. @ $15 You Decide a) What did each of the six technicians earn last week? Fred Kevin Josh Curtis b) How many flat-rate hours did the entire shop produce last week? If Too Much Motors' charges $90 per flat-rate hour, what were their gross labor sales for last week? d) What was Too Much Motors' gross profit for last week? e) What was their gross profit percentage for last week? (Use 2 decimal places. Ex: 47.56) Cathy Sal
Case 3: Support Group Too Much Motors' service department is organized using the support group approach. During the past week all six technicians in the group worked 42 hours. Because they are on a support group pay plan, Cathy, the team leader, is paid an extra $1 on top of what she already earns, for every flat-rate hour produced by the entire team for her efforts on guiding and directing them. The flat-rate hours and flat-rate pay for the technicians are: Fred - 40 hrs. @ $16; Kevin - 44 hrs. @ $18; Josh - 34 hrs. @ $12 Cathy 62 hrs. @ $24; Sal - 56 hrs. @ $17; Curtis - 58 hrs. @ $15 You Decide a) What did each of the six technicians earn last week? Fred Kevin Josh Curtis b) How many flat-rate hours did the entire shop produce last week? If Too Much Motors' charges $90 per flat-rate hour, what were their gross labor sales for last week? d) What was Too Much Motors' gross profit for last week? e) What was their gross profit percentage for last week? (Use 2 decimal places. Ex: 47.56) Cathy Sal
College Accounting (Book Only): A Career Approach
12th Edition
ISBN:9781305084087
Author:Cathy J. Scott
Publisher:Cathy J. Scott
Chapter7: Employee Earnings And Deductions
Section: Chapter Questions
Problem 1E
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