Operations Management: Processes and Supply Chains (12th Edition) (What's New in Operations Management)
12th Edition
ISBN: 9780134741062
Author: Lee J. Krajewski, Manoj K. Malhotra, Larry P. Ritzman
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Question
Chapter 10, Problem 3AME
Summary Introduction
Interpretation: Determination of affect as a result of an increase in the number of workers, hiring cost $1100
Concept Introduction: Temporary use of an employee or worker or something for a particular cost i.e., agreed payment is called hiring cost.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
If the workers required for the current month is 65 and prior month is 48, calculate the hiring cost for the current month, if the hiring rate is $250 per worker.
After selection of an Employee, the Human Resource Department has decided the following salary breakup:
Basic Pay = Rs.150 (Per Regular hrs.) + Rs.200 (Per Week Bonus)
NOTE: Employees’ regular working hours per week are 40hrs.
If Employee’s working hours Per Week = 65hrs (40 regular hrs. 25 overtime hrs.)
Then calculate the following:
Calculate the actual regular pay rate per hour.
Calculate the overtime rate per hour.
Calculate the Total pay for a month.
After selection of an Employee, the Human Resource Department has decided the following salary breakup:
Basic Pay = Rs.150 (Per Regular hrs.) + Rs.200 (Per Week Bonus)
NOTE: Employees’ regular working hours per week are 40hrs.
If Employee’s working hours Per Week = 65hrs (40 regular hrs. 25 overtime hrs.)
Then calculate the following:
i. Calculate the actual regular pay rate per hour.
ii. Calculate the overtime rate per hour.
iii. Calculate the Total pay for a month
Chapter 10 Solutions
Operations Management: Processes and Supply Chains (12th Edition) (What's New in Operations Management)
Ch. 10 - List the types of costs incurred when employees...Ch. 10 - Prob. 2DQCh. 10 - Prob. 3DQCh. 10 - Explain why management should be concerned about...Ch. 10 - The Barberton Municipal Division of Road...Ch. 10 - Bob Canton’s golf camp estimates the following...Ch. 10 - Prob. 3PCh. 10 - Prob. 4PCh. 10 - Management at the Kerby Corporation has determined...Ch. 10 - Gretchen’s Kitchen is a fast-food restaurant...
Ch. 10 - Prob. 7PCh. 10 - Tax Prep Advisers, Inc. has forecasted the...Ch. 10 - Climate Control, Inc. makes expedition-quality...Ch. 10 - Prob. 11PCh. 10 - Gemini Inc. is using the Sales and Operations...Ch. 10 - Gerald Glynn manages the Michaels Distribution...Ch. 10 - Cara Ryder manages a ski school in a large resort...Ch. 10 - Prob. 15PCh. 10 - Prob. 17PCh. 10 - The Hickory Company manufactures wooden desks....Ch. 10 - Prob. 19PCh. 10 - The Mowry Machine Shop still has five jobs to be...Ch. 10 - If we use the same number of workers in each...Ch. 10 - Prob. 2AMECh. 10 - Prob. 3AMECh. 10 - Suppose the overtime cost is $3,300. What happens...Ch. 10 - Suppose the undertime cost is the same as the...Ch. 10 - Prob. 6AMECh. 10 - Prob. 1VCCh. 10 - Does Starwood employ a chase, level, or mixed...Ch. 10 - How would staffing for the opening of a new hotel...Ch. 10 - Explain the alternatives available to Darlene Fry...Ch. 10 - Prob. 2C
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Similar questions
- 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 1000arrow_forward..arrow_forwardApple, Inc. recently announced that it will be hiring 5000 employees. If this is about 4.3% of the current workforce, estimate the number of people who work for Apple.arrow_forward
- 36 - Which of the following wage structure includes the differentiation of basic wages according to the skills and competencies of the employees? a) Person Based B) Work Based NS) Fee Based D) Based on Customer TO) Based on Experiencearrow_forwardRead this article about the 25 lowest paying jobs in the U.S.: https://www.thebalancecareers.com/top-worst-paid-jobs-2061699 Select one of the jobs listed and answer the following questions: What is the mean annual wage for this job? (use the figures in the article). Calculate the hourly wage for this job (use 40 hours/week * 50 weeks/year = 2,000 hours to find the answer) In your own words, explain why do you think this job has such a low wage range? Use vocabulary you have learned in this class and information from this article to support your argument (how does the law of supply and demand affect the wages for workers in this profession? Is there any competition? What about technology? Etc.)arrow_forwardA) Ishwell Inc. is a growing company that just hired its 30th employee. Up until this point, they have offered single-coverage benefits to all full-time employees. They do not have a group plan, but rather they have purchased individual plans for each employee who needs insurance. The average age is 41, the average length of service is 5 years, the average salary is $75,000, and 70% of their workforce is women, and of those in the plan 60% of them are also covered under a spousal plan. They can decline applying for coverage if they wish. They are ready to consider adding a group plan. Using your HR knowledge, please respond to the following questions: Discuss whether or not Ishwell should move to a group plan? B) What types of challenges do you see that Ishwell encounter in the adoption of a group benefit plan?arrow_forward
- A) Ishwell Inc. is a growing company that just hired its 30th employee. Up until this point, they have offered single-coverage benefits to all full-time employees. They do not have a group plan, but rather they have purchased individual plans for each employee who needs insurance. The average age is 41, the average length of service is 5 years, the average salary is $75,000, and 70% of their workforce is women, and of those in the plan 60% of them are also covered under a spousal plan. They can decline applying for coverage if they wish. They are ready to consider adding a group plan. Using your HR knowledge, please respond to the following questions: Discuss whether or not Ishwell should move to a group plan?arrow_forwardKalam is an efficient worker who prefers security over recognition in a job. Which wage system is suitable for him?arrow_forwardEmployee 1: Alice is an employee who is timid and insecure of her job. She is a fresh graduate with no working experience. Employee 2: John is very passionate about his job however he is lack of skills and knowledge to complete his tasks. Employee 3: Nesh is a successful worker and recently managed to complete a big project with his team. Employee 4: Claudia is an experienced worker but has unsecure feeling about the job she is handling. b) Using Hersey and Blanchard’s Situational Model of Leadership examine the type of followers and the appropriate leadership style to be used as given in the scenario above.arrow_forward
- The figure below shows Maria's employment rent, taking into account an expected length of unemployment of 44 weeks. Based on this figure, which of the following statements are correct? Hourly wages ($) Hourly wage=$12 Unemployment benefit plus the disutility of effort=$8 Unemployment benefit = $6 0 0 Select one correct answer. what Maria gets should she not lose her job today =what Maria gets should she lose her job today Maria's rent when employed Disutility of effort when employed What Maria receives in unemployment benefit during her period of unemployment Number of 35-hour weeks Employment rent per hour Reservation wage per hour Expected duration of unemployment =44 weeks (1,540 hours) O An increase in unemployment benefit would increase the size of the employment rent A longer expected duration of unemployment would increase the size of thearrow_forwardWhats the best answer for the question. Why Should We Hire You?arrow_forwardwhy is the statement true??? 1) Epic electronics international is a rapidly growing firm specializing in the production of sophisticated robots. One of the major problems Epic electronics is likely to face is a shortage of qualified workersarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Understanding Management (MindTap Course List)ManagementISBN:9781305502215Author:Richard L. Daft, Dorothy MarcicPublisher:Cengage Learning
Understanding Management (MindTap Course List)
Management
ISBN:9781305502215
Author:Richard L. Daft, Dorothy Marcic
Publisher:Cengage Learning
Inventory Management | Concepts, Examples and Solved Problems; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=2n9NLZTIlz8;License: Standard YouTube License, CC-BY