Problem:
According to explanations provided in the Help pages for the Production Cost Report, if (1) a company pays a PAT member a base wage of $18,000, a $50 quarterly bonus for perfect attendance, and annual fringe benefits of $3,000, (2) a PAT is paid a $1 incentive bonus per camera assembled, and (3) a PAT assembles 10,000 cameras per year (or 2,500 cameras per quarter), then the annual compensation cost of a single PAT member and a fully-staffed PAT would be
- $28,200 and $84,600.
- $31,200 and $124,800.
- $18,000 and $54,000.
- $31,200 and $93,600.
- $23,700 and $94,800.
Note: Could someone please give me a step by step solution?