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For a 12-person team, how many extra workers should be hired to meet the labor hours needed without overtime? Labor Information Regular Rate $15.00/hr Overtime Rate $24.50/hr Targeted Labor Cost $12,000/wk Labor Hours Needed 800/wk Any hour worked over 40 hrs/wk must be paid overtime rate 8 20 67 320 1000

For a 12-person team, how many extra workers should be hired to meet the labor hours needed without overtime? Labor Information Regular Rate $15.00/hr Overtime Rate $24.50/hr Targeted Labor Cost $12,000/wk Labor Hours Needed 800/wk Any hour worked over 40 hrs/wk must be paid overtime rate 8 20 67 320 1000

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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For a 12-person team, how many extra workers should be hired to meet the labor hours needed without overtime?

Labor Information

Regular Rate $15.00/hr

Overtime Rate $24.50/hr

Targeted Labor Cost $12,000/wk

Labor Hours Needed 800/wk

Any hour worked over 40 hrs/wk must be paid overtime rate

8

20

67

320

1000

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