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Mihir works for an organisation which operates a differential piecework scheme. Mihir is paid a basic rate of $1.50 per unit produced. He is also paid a premium for any output over 100 units. The rates of this premium are as follows:How much will Mihir be paid in a week when he produces 124 units? ______

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A client has asked a company to quote for a job where the costs will be as follows:If the price charged is $3,500 what is the profit? ______

A machine is bought for $10,000. The residual value at the end of its life is $1,000. Over its five year life it will produce 270,000 units over 10,000 production hours.If straight-line depreciation is used, what is the annual depreciation in Year 4? ______

XYZ Co receives an order for product P. The workforce is already at full capacity making product Q. Extra labour can be bought in at $10 per hour or there is capacity for overtime at time and a half by workers paid $6 per hour. What is the relevant labour cost per hour? ______

XYZ Co makes product UV and wishes to make a profit of at least $10,000.The selling price of a unit is $10, variable costs are $2 and fixed costs are $25,000.How many units does XYZ Co need to sell to achieve its target profit? ______

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