A team of three laborers in Mongolia makes rugs by hand for export to the United States. The team works 14 hours a day, six days a week, 50 weeks a year, and is able to make 12 rugs a year. Each laborer is paid a wage that is equivalent to $1.10 per day. The rugs sell for $2,000 each in the United States.
If a team of three workers in the United States, each making the federal minimum wage, produced these 12 rugs, what would the total labor costs be? Don't forget that these workers would be working overtime.
lets say the minumim wage is 7.25
If a team of three workers in the United States, each making the federal minimum wage, produced these 12 rugs, what would the total labor costs be? Don't forget that these workers would be working overtime.
lets say the minumim wage is 7.25
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presuming you mean total labor cost for the 12 rugs total. and gross cost (no benefits, taxes etc)
3 workers x[ (8 hours x 5 days x 50 weeks) + 1.5 x{(6 hours x 5 days)+14 hours} x 50 weeks] x 7.25
= $115,275
3 workers x[ (8 hours x 5 days x 50 weeks) + 1.5 x{(6 hours x 5 days)+14 hours} x 50 weeks] x 7.25
= $115,275
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hours week/team=14(6)
=(8)(5)+(30+14)(1.5)
=40+66
=106
week salary=106(3)(7.25)
= $2,305.50
total salary= week salay(50)
=(2305.5)(50)
=$115,275
=(8)(5)+(30+14)(1.5)
=40+66
=106
week salary=106(3)(7.25)
= $2,305.50
total salary= week salay(50)
=(2305.5)(50)
=$115,275