Hi I am stuck on an accounting question about labor costs. I have tired working it out and the answers are written at the back of the book but I just don't understand how to get to these answers. Here is the question:
Julia Gillard is paid 65p for each piece of jewelry she makes. She is guaranteed minimum wage of £260 for 40 hours a week. Work out how much she is paid weekly. Weekly production are:
Week ending 5th October: 350
Week ending 12th October: 450
Week ending 19th October: 300
Week ending 26th October: 500
The answer are as follows:
Week ending 5th October: £260
Week ending 12th October: £292.50
Week ending 19th October: £260
Week ending 26th October: £325
I understand how to get the second and last answer where I just multiply 65p by the weekly production but I don't understand how to get to the first and fourth answer. Any help will be greatly appreciated. Thank you.