A manufacturing plant is trying to determine standard production per day for an incentive program. Suppose that the incentive program will pay $1 per unit produced above standard rates. A worker is timed at an average of 280 seconds per unit, with a performance rating of 105%. The plant has an allowance factor of 13%. If the worker later produces 100 units in an 8 hour shift, how much would he receive under the incentive plan

He would receive $15 under incentive plan.

Explanation:

The given values are:

Average observed time

= 280 seconds per unit

Performance rating

= 105%

i.e.,

= 1.05

Allowance factor

= 13%

i.e.,

= 0.13

So,

⇒  

On putting the estimated values, we get

The available time will be:

=

=

Now,

The Standard production per day will be:

=

=

=

Since he generates 100 units, he consumes about 15(00-85,22) units per day well above normal production.  

So that he's going to get:

=

= ($)

what

explanation:

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