Huynh is a piece rate worker who creates custom molds for a plastics manufacturer. During a 40-hour workweek, he created 22 molds at a piece rate of $38.25 per mold. His hourly rate during the workweek is ________. (Do not round interim calculations. Round final answer to two decimal places.)
A) $18.38
B) $21.04
C) $19.46
D) $20.96

Question

Quizplus · Accepted Answer

Huynh's total earnings for the week can be calculated as:

Total earnings = Number of molds created x Piece rate per mold
Total earnings = 22 x $38.25
Total earnings = $841.50

As Huynh worked for 40 hours during the week, his hourly rate can be calculated as:

Hourly rate = Total earnings / Number of hours worked
Hourly rate = $841.50 / 40
Hourly rate = $21.04 (rounded to two decimal places)

Therefore, Huynh's hourly rate during the workweek is $21.04.

Huynh Is a Piece Rate Worker Who Creates Custom Molds