The standard time for producing one unit of work in a job paying $12.75 per hour was set at twelve minutes.The piece rate would be ____ per unit.
A)$1.95
B)$2.55
C)$2.95
D)$3.15

Question

Quizplus · Accepted Answer

To find the piece rate, we need to first convert the 12 minutes to hours:

12 minutes = 12/60 hours = 0.2 hours

Now we can use the formula:

Piece rate = (Hourly rate)/(Standard time per unit)

Piece rate = $12.75/0.2 = $63.75

Therefore, the piece rate per unit is $2.55.

The Standard Time for Producing One Unit of Work in a Job